Wgu c207 - Study guides, Class notes & Summaries

WGU C207 OA 2023. By quantifying risk - Answer In what way does probability theory inform decision-making for managers? Ordinal data - Answer Which type of data are the Olympic medals of gold, silver, and bronze examples of? It reduces the amount of incomplete data. It cleans data. - Answer What are some of the aspects of data quality management? Choose 2 answers Missing data Misspelled data - Answer Which two attributes indicate potential data quality issues when evaluating a set of no...

WGU C207 OA Data Driven Decision Making Questions and Answers (2022/2023) (Verified Answers) GRADED A+

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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 ANSWERS: Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? CORRECT ANSWERS: Relatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? CORRECT ANSWERS: By quantifying risk Which type of data ar...

WGU C207 Data Driven Decision Making Z-Score - 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 - ANSWER How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule - ANSWER ...

WGU C207 Data Driven Decision Making Module 1- 6 Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model? - ANSWER Davenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? - ANSWER Framing the problem In which stage of the Davenport-Kim model is data collection? - ANSWER S...

WGU C207 DATA-DRIVEN DECISION-MAKING FINAL EXAM 2024 QUESTIONS AND CORRECT ANSWERS AGRADE