Wgu c207 test - Study guides, Class notes & Summaries

WGU C207 Data Driven Decision Making Quiz Questions (Test Study Questions) and Answers Latest (2023 / 2024) (Verified Answers)

WGU C207 Preassessment Test Questions and Answers

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Scored A+. 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 Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By ...

WGU - C207 Test Questions with All Correct Answers Descriptive Analytics - ANSWER Use data to describe what has happened over a given period of time Predicitve Analytics - ANSWER use data from the past to predict the future Prescriptive Analytics - ANSWER Use data to determine the best possible decision to pursue structured data examples - ANSWER credit card transactions through a website unstructured data examples - ANSWER word doc...

WGU C207 Data Driven Decision Making Quizzes Exam Questions And Answers (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 (Quiz 1) 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? A) Descript...

WGU C207 Pre- Assessment Data-Driven Decision-Making Exam (NEW 2023/ 2024 Update) Questions and Verified Answers- 100% Correct| Grade A A company decides to auction excess inventory on an auction website. The company has performed a regression analysis to identify how the length of the auction impacts the final price. Which statistic indicates the strength of the relation ship between the length of the auction and final price? F-statistic P-value R-squared Z-score Answer: R-squared...

WGU C207 Data Driven Decision Making Exam Questions and Answers Rated A+ 2023. Benchmarks - ANSWER-Standards or points of reference for an industry or sector that can be used for comparison and evaluation. Big Data - ANSWER-very large amounts of data; an all-encompassing term for any collection of data sets so large and complex that it becomes difficult to process them using traditional data processing applications Blind Study - ANSWER-A study performed where the participants are not told i...

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Rated A+. Which term can be used to describe managerial decisions Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers 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 gold, silver, and bronze example...