WGU Data Driven Decision Making Pre Assessment

Western Governors University

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WGU Data Driven Decision Making Pre Assessment with complete solutions

WGU Data Driven Decision Making Pre Assessment with complete solutions
Exam (elaborations) • 8 pages • 2023

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 answers Prescriptive What are two reasons for increasing the use of analytics in organizational decision making? correct answers 1. Relatively lower cost of computer storage 2. Higher computer processing power How does probability theory inform decision making for managers? correct answers By quantifying risk Which type ...