Wgu c207 oa data Study guides, Class notes & Summaries

WGU C207 OA DATA DRIVEN DECISION MAKING FINAL EXAM 2024/70 EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS WITH RATIONALES/ALREADY GRADED A+ 1. 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? Prescriptive Descriptive Pareto chart Biased Prescriptive analytics: can make use of current and future projected data to make suggestions and help direct your decisions. Optimization: a prescr...

WGU C207 OA Partial test Questions with Answers 2023/2024 Latest Update A+ Graded. C207 OA Partial test Questions with Answers What are the two potential uses of analytics?  To turn information into insight  To develop fact-based strategies Which two tools help users to understand processes?  Control charts  Flow charts A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add 1mm to each rod. What is ...

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

WGU C207 OA DATA DRIVEN DECISION MAKING FINAL EXAM 2024/70 EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS WITH RATIONALES/ALREADY GRADED A+ 1. 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? Prescriptive Descriptive Pareto chart Biased Prescriptive analytics: can make use of current and future projected data to make suggestions and help direct your decisions. Optimization: a prescr...

WGU C207 OA Questions and Answers 100% Pass Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index assign a weight to allow for...

WGU C207 OA Data-Driven Decision Making Exam Questions and Answers (2022/2023) (Verified Answers) Prescriptive 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? Relatively lower cost of computer storage & Higher computer processing power What are two reasons for the increasing use of analytics

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

WGU C207 OA Data-Driven Decision Making Exam Questions and Answers (2022/2023) (Verified Answers) Activities (RBM stage) second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) a technique used to determine if there is a sufficient evidence from sam...