WGU C207 Study guides, Class notes & Summaries

WGU C207 Data-Driven Decision-Making Final Exam (Latest 2023/ 2024 Update) Questions and Verified Answers- 100% Correct| Already Grade A Q: You survey 100 New Yorkers about their preference for New York-style or Chicago-style pizza. What would be wrong with this? Answer: You would encounter measurement bias Q: Cleaning and organizing collected raw data refers to? Answer: data management Q: The science of using mathematical procedures to describe data is __________. ...

WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest 2023 - 2024 Questions and Answers (Verified Answers) WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest 2023 - 2024 Questions and Answers (Verified Answers)

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? Predictive What are two reasons for the increasing use of analytics in organizational decision making? Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? quantifying risk Which type of data are the Olympic medals of gold, silver and bronze ex...

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 experts c. Higher cost of obtaining data d. Higher computer processing power a, d In what way does...

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 sample data of three or more populations to conclude that the means of the population are not all equal...

Which term can be used to describe managerial decisions?Prescriptive 2 reasons for the increase in use of analytics in organizational decision making?1. Relatively low cost of computer storage 2. Higher computer processing power How does probability theory inform decision-making for managers?By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of?Ordinal data What are two aspects of data quality management?1. it reduces the amount of inc...

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 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? Prescriptive Analytics What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faulty equipment or bias? Systematic An Edu...

Z-ScoreData 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. VarianceHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication RuleA method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the likelihood of all of the events happening. Word Hint: An...

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 When...

WGU Data Driven Decision Making - C207 Questions & Correct Answers/ Graded A+

WGU C207 Data Driven Decision Making 5 Questions & Correct Answers/ Graded A+

WGU C207 Data Driven Decision Making Questions & Correct Answers/ Graded A+