Wgu c207 exam - Study guides, Class notes & Summaries

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WGU C207 Exam Questions and Answers with Complete Solutions

WGU C207 Exam Questions With Complete Answers

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 DATA DRIVEN DECISION MAKING FINAL EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)AGRADE What are two reasons for the increasing use of analytics in organizational decisionmaking?Choose 2 answers. Relatively lower cost of computer storage Lower availability of statistical experts Higher cost of obtaining data Higher computer processing power - ANSWER- Relatively lower cost of computer storage Higher computer processing power H...

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...

WGU C207 Exam Questions with Complete Solutions What is the key focus on analysis? - ANSWER To predict trends using quantitative data. What are the four levels of measurement? - ANSWER 1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data - ANSWER is 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) Ordin...

WGU C207 Exam Questions and Answers 100% Verified and Updated 2024 There 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 ...

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 fault...

WGU C207 Exam Questions and Answers 100% Pass Mean -Answer-The mean is the usual average, so add and then divide: (13 + 18 + 13 + 14 + 13 + 16 + 14 + 21 + 13) ÷ 9 = 15. Median -Answer-Re write the list in numerical order. Then it is the middle number. 13, 13, 13, 13, 14, 14, 16, 18, 21. So, the median is 14. Mode -Answer-The mode is the number that is repeated more often than any other. The sample mean can be used as an estimate of the population mode. Range -Answer-The largest value in...