Wgu c207 exam Study guides, Class notes & Summaries

WGU C207 Data-Driven Decision Making Exam Questions and Answers (2023) (Verified Answers)

Descriptive and Inferential correct answer: There are two types of statistics (Analytics) Inform / Explanatory correct answer: Descriptive statistics are used to ______ Predict / Trend correct answer: Inferential statistics are used to ______ (NOIR) Nominal, Ordinal, Interval Ratio correct answer: Name the 4 levels of measurement Ratio correct answer: Continuous data with unique zero point Interval correct answer: Orders data at equal distance apart Ordinal correct answer...

WGU C207 Exam Questions And Answers All Verified 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? - ANS Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - ANS Relatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? - ANS By quantifying ris...

Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data.

WGU C207 Exam Q&A 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 – 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? – ANSWER Prescriptive Analytics What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faul...

WGU C207 EXAM QUESTIONS STUDY GUIDE 1. It is possible to have a relationship that has depth but not breadth. (T/F) true 2. The more complex a theory, the better it is, since it more closely conforms to the real world. (T/F) false 3. One of the main differences between objective and interpretive scholars is that interpretive scholars believe they can discover the one reality that exists. (T/F) false 4. In symbolic interactionism, the concept of the looking glass is that we gain a mental selfimage...

WGU C207 EXAM QUESTIONS STUDY GUIDE 1. It is possible to have a relationship that has depth but not breadth. (T/F) true 2. The more complex a theory, the better it is, since it more closely conforms to the real world. (T/F) false 3. One of the main differences between objective and interpretive scholars is that interpretive scholars believe they can discover the one reality that exists. (T/F) false 4. In symbolic interactionism, the concept of the looking glass is that we gain a mental selfimage...

WGU C207 Exam Questions with Answers 2024/2025 Latest Update What is the key focus on analysis? - answerTo predict trends using quantitative data. What are the four levels of measurement? - answer1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data - answeris categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordinal data - answeris ranked, but doesn'...

WGU C207 Exam Questions and Answers 100% Pass!! here are two types of statistics (Analytics) -Answer-descriptive and inferential Descriptive statistics are used to ______ -Answer-Inform / Explanatory Inferential statistics are used to ______ -Answer-Predict / Trend Name the 4 levels of measurement -Answer-(NOIR) Nominal, Ordinal, Interval, Ratio Continuous data with unique zero point -Answer-ratio Orders data at equal distance apart -Answer-interval Place qualitative objects in some kind...

WGU C207 Exam Q&A 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 – 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? – ANSWER Prescriptive Analytics What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faul...