WGU C207 MBA DATA DRIVEN DECISION-MAKING EXAM WITH GUARANTEED ACCURATE ANSWERS
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WGU C207 DATA DRIVEN DECISION-MAKING
Institution
WGU C207 DATA DRIVEN DECISION-MAKING
Descriptive analytics - ACCURATE ANSWERS Depict and then describe the characteristics of what is being studied
Predictive analytics - ACCURATE ANSWERS Use data from the past to predict the future
Prescriptive Analytics - ACCURATE ANSWERS Include experimental design and optimization to suggest...
wgu c207 mba data driven decision making exam with
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WGU C207 DATA DRIVEN DECISION-MAKING
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WGU C207 DATA-DRIVEN DECISION
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GUARANTEED ACCURATE ANSWERS
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 - ACCURATE ANSWERS✔✔ a
What are two reasons for the increasing use of analytics in
organizational decision making?
,a. Relatively lower cost of computer storage
b. Lower availability of statistical experts
c. Higher cost of obtaining data
d. Higher computer processing power - ACCURATE ANSWERS✔✔ a,
d
In what way does probability theory inform decision-making for
managers?
a. By quantifying risk
b. By quantifying data
c. By quantifying quality
d. By quantifying costs - ACCURATE ANSWERS✔✔ a
Which type of data are the Olympic medals of gold, silver, and bronze
examples of?
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data - ACCURATE ANSWERS✔✔ b
What are two aspects of data quality management?
a. It calculates spurious data.
b. It reduces the amount of incomplete data.
c. It monitors data input rates.
, d. It cleans data. - ACCURATE ANSWERS✔✔ b, d
Which two attributes indicate potential data quality issues when
evaluating a set of nominal data?
a. Outlier data
b. Missing data
c. Out-of-range data
d. Misspelled data - ACCURATE ANSWERS✔✔ b, d
When conducting a study that measures an individual's weight, all scales
are calibrated prior to use in measurement. Which type of error should
this procedure significantly reduce?
a. Systematic error
b. Omission error
c. Random error
d. Information error - ACCURATE ANSWERS✔✔ a
An advertising manager creates a research study by presenting low,
medium, or high frequency of the same ad in matched markets. The
manager then reports on sales in each market location. What is the term
for the different sales in this study?
a. The experimental unit
b. The treatment
c. The response variable
d. The intervention - ACCURATE ANSWERS✔✔ c
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