Driven decision making - Study guides, Class notes & Summaries

WGU C207 Data Driven Decision Making Quizzes 2024/25 (Quiz 1) 1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms B

WGU Data Driven Decision Making - C207 Exam with Answers 1. Activities (RBM stage) 2. Alternative hy- pothesis 3. Analysis of Vari- ance (ANOVA) second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample a technique used to determine if there is a sufficient evidence from sample data of three or mo...

Activities (RBM stage) - answer second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - answer The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) - answer a technique used to determine if there is a sufficient evidence from sample data of three or more populations to conclude that the means of the p...

WGU C207 Pre Assessment Data-Driven Decision Making;Latest();/Questions and Answers 100% Verified WGU C207 Pre Assessment Data-Driven Decision Making;Latest();/Questions and Answers 100% Verified

WGU C207 - Data-Driven Decision Making - PreAssessment Questions and answers Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gol...

WGU MBA - DATA DRIVEN DECISION MAKING EXAM 2024 For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... Statistics Analytics Management Science Histograms - correct answer Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? Descriptive Analytics Pr

WGU C207 Data Driven Decision Making Module 1 Quantitative analysis is another name for what? a) algebra b) mathematics c) statistics d) probability - ANSWER c) statistics If a dataset is presented on a scale of hours per week, which scale of measurement is being used? a) nominal b) ordinal c) interval d) ratio - ANSWER d) ratio ...

WGU C207 Data Driven Decision Making Z-Score - ANSWER Data points only. Measurement of a scores relationship to the mean. A statistical measure that indicates the number of standard deviations a data point is from its mean. Variance - ANSWER How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule - ANSWER ...

WGU C207 DATA DRIVEN DECISION MAKING LATEST ACTUAL EXAM A, B & C QUESTIONS AND DETAILED CORRECT ANSWERS.

WGU C207 Pre-Assessmen Multi Choice Version Data-Driven Decision Making (PVPC) Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased - ANSWER a What are two reasons for the increasing use of analytics in organizational decision making? a. Relatively lower cost of compu...