WGU C207 (C207)

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 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 Analytics - c What t...

Nominal Just Names that can be counted Whole number, count, or total (color of eyes, type of vehicle) Ordinal Names that can be placed in an order and then counted Whole number, count, or total (top 10 football teams, satisfaction levels) Interval Numbers that have equal intervals and an order, but no true zero Can be added and subtracted (NOT multiplied/divided) (shirt size, dates, times) Ratio Numbers that have equal intervals and an order, but also have a true zero Can be added,...

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 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 Analytics - c What t...

Frame the Problem, Solving the Problem and Communicating Results are part of which decision-making model? - Davenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? - Framing the problem In which stage of the Davenport-Kim model is data collection? - Solving the problem What is a key reason we study statistics? - To make informed decisions Visually presenting the data assists in which stage of the Davenport-Kim model? - Communicating the results ...

Frame the Problem, Solving the Problem and Communicating Results are part of which decision-making model? - Davenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? - Framing the problem In which stage of the Davenport-Kim model is data collection? - Solving the problem What is a key reason we study statistics? - To make informed decisions Visually presenting the data assists in which stage of the Davenport-Kim model? - Communicating the results ...

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 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 Analytics - c What t...

Nominal Just Names that can be counted Whole number, count, or total (color of eyes, type of vehicle) Ordinal Names that can be placed in an order and then counted Whole number, count, or total (top 10 football teams, satisfaction levels) Interval Numbers that have equal intervals and an order, but no true zero Can be added and subtracted (NOT multiplied/divided) (shirt size, dates, times) Ratio Numbers that have equal intervals and an order, but also have a true zero Can be added,...

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 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 Analytics - c What t...

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying ri...

WGU C207 Data Driven Decision Making Final Exam Questions and Answers (2022/2023) (Verified Answers) Events that happen on a previous night's talk show become part of the next morning's discussions on the bus or around the watercooler. This phenomenon refers to: A. Social Currency B. Subcultures C. Parasocial Interaction D. Source A. Social Currency People yelling back at the television as their team makes a good or bad play during televised sports game is called: A. Noise B. Feedba...