WGU C207 Data Driven Decision Making
Arizona State University
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WGU C207 DATA-DRIVEN DECISION MAKING PA test with answers
- Exam (elaborations) • 9 pages • 2024
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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? - correct answer Prescriptive 
 
What are two reasons for the increasing use of analytics in organizational decision-making? - correct answer Relatively lower cost of computer storage; Higher computer processing power 
 
How does probability theory inform decision-making for managers? - correct answer By quantifying risk 
 
Which type of data are t...
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WGU C207 DATA-DRIVEN DECISION MAKING Quizzes with solutions
- Exam (elaborations) • 10 pages • 2024
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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 - 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? - correct answer Prescriptive Analytics 
 
What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faulty equip...
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WGU C207 Data Driven Decision Making 2024 EXAMINATION PREPERATIONS
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Z-Score - correct 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 - correct answer How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. 
 
Multiplication Rule - correct answer A method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the li...
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C207 WGU Data Driven Decision Making PRACTICE TEST
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Descriptive - correct answer Past data only; Not predicting or optimizing 
 
Predictive - correct answer Past to predict the future; Predicting, no optimizing 
 
Prescriptive - correct answer Past to predict the future and optimizing 
 
Omission - correct answer Missing information 
 
Out of Range - correct answer Doesn't match the data or not true 
 
Reliable - correct answer Constant and repeatable. A measure of the instrument 
 
Valid - correct answer Measures what is intended to be measured...
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WGU C207 Pre-Assessmen Multi Choice Version Data-Driven Decision Making (PVPC) STUDY GUIDE
- Exam (elaborations) • 20 pages • 2024
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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 - correct answer 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 - corre...
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WGU C207 Module Quizzes Multi Choice Version Data-Driven Decision Making
- Exam (elaborations) • 23 pages • 2024
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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 - correct answer b 
 
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. Descriptive Analytics 
 b. Predictive Analytics 
 c. Prescriptive Analytics 
 d. Diagnostic ...
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WGU C207 DATA-DRIVEN DECISION MAKING Module Quizzes Multi Choice Version Data-Driven Decision Making
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
WGU C207 Module Quizzes Multi Choice Version Data-Driven Decision Making 
 
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 - correct answer b 
 
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. Descriptive Anal...
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