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WGU C207 Data Driven Decision Making TESTS COMPILATION BUNDLE
WGU C207 Data Driven Decision Making TESTS COMPILATION BUNDLE
[Show more]WGU C207 Data Driven Decision Making TESTS COMPILATION BUNDLE
[Show more]Activities (RBM stage) CORRECT ANSWERS: second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) 
 
Alternative hypothesis CORRECT ANSWERS: The argument that either a sample is not equal to, greater than, or less th...
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Add to cartActivities (RBM stage) CORRECT ANSWERS: second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) 
 
Alternative hypothesis CORRECT ANSWERS: The argument that either a sample is not equal to, greater than, or less th...
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... 
 a. Statistics 
 b. Analytics 
 c. Management Science 
 d. Histograms CORRECT ANSWERS: b 
 
A manufacturer wants to maximize their factory output wh...
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Add to cartFor companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... 
 a. Statistics 
 b. Analytics 
 c. Management Science 
 d. Histograms CORRECT ANSWERS: b 
 
A manufacturer wants to maximize their factory output wh...
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 CORRECT ANSWERS: a 
 
What are two reasons for the increasing use of analytics in or...
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Add to cartAnalytics 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 CORRECT ANSWERS: a 
 
What are two reasons for the increasing use of analytics in or...
Which of the following is NOT an application of statistics in business? 
 
a Determine the internet advertiser that will reach the most people from extensive page view data. 
b Determine a target market based on information on household incomes throughout the country. 
c Predict trends in certain in...
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Add to cartWhich of the following is NOT an application of statistics in business? 
 
a Determine the internet advertiser that will reach the most people from extensive page view data. 
b Determine a target market based on information on household incomes throughout the country. 
c Predict trends in certain in...
(Quiz 1) 1. 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... 
 
A) Statistics 
B) Analytics 
C) Management Science 
D) Histograms CORRECT ANSWERS: B 
 
(Quiz 1) 2. A manufacturer wants to maximize t...
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Add to cart(Quiz 1) 1. 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... 
 
A) Statistics 
B) Analytics 
C) Management Science 
D) Histograms CORRECT ANSWERS: B 
 
(Quiz 1) 2. A manufacturer wants to maximize t...
The relationship between several independent variables and one dependent variable is shown using __________. 
 
a logistic regression 
b simple linear regression 
c multiple linear regression 
d nonlinear regression CORRECT ANSWERS: c multiple linear regression 
 
Company A sells its 12,000th unit ...
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Add to cartThe relationship between several independent variables and one dependent variable is shown using __________. 
 
a logistic regression 
b simple linear regression 
c multiple linear regression 
d nonlinear regression CORRECT ANSWERS: c multiple linear regression 
 
Company A sells its 12,000th unit ...
management strategy that uses results as the central measurement of performance CORRECT ANSWERS: Results-based management (RBM)* 
 
dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new technology and new capabilities ...
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Add to cartmanagement strategy that uses results as the central measurement of performance CORRECT ANSWERS: Results-based management (RBM)* 
 
dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new technology and new capabilities ...
Performance measures are used to _______ the efficiency of an individual or group by using _________ and analytics. 
 
a quantify, regression analysis 
b quantify, data collection 
c evaluate, regression analysis 
d evaluate, data collection CORRECT ANSWERS: d evaluate, data collection 
 
What does...
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Add to cartPerformance measures are used to _______ the efficiency of an individual or group by using _________ and analytics. 
 
a quantify, regression analysis 
b quantify, data collection 
c evaluate, regression analysis 
d evaluate, data collection CORRECT ANSWERS: d evaluate, data collection 
 
What does...
Results-based management does NOT need which of the following? 
 
a Statistically complex indicators 
b Constant monitoring 
c Collaboration between all participants 
d A common goal among everyone involved CORRECT ANSWERS: a Statistically complex indicators 
 
Results-based management uses simple ...
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Add to cartResults-based management does NOT need which of the following? 
 
a Statistically complex indicators 
b Constant monitoring 
c Collaboration between all participants 
d A common goal among everyone involved CORRECT ANSWERS: a Statistically complex indicators 
 
Results-based management uses simple ...
trend CORRECT ANSWERS: is a general direction in which something is developing or changing 
 
analysis of variance (ANOVA) CORRECT ANSWERS: verifies if multiple populations of data are the same or at least one is different than the others. 
 
cyclicality CORRECT ANSWERS: describes results that go...
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Add to carttrend CORRECT ANSWERS: is a general direction in which something is developing or changing 
 
analysis of variance (ANOVA) CORRECT ANSWERS: verifies if multiple populations of data are the same or at least one is different than the others. 
 
cyclicality CORRECT ANSWERS: describes results that go...
Z-Score CORRECT ANSWERS: 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 CORRECT ANSWERS: How far a set of numbers are spread. Used for Data set. Hint Words = Risk,...
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Add to cartZ-Score CORRECT ANSWERS: 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 CORRECT ANSWERS: How far a set of numbers are spread. Used for Data set. Hint Words = Risk,...
There are two types of statistics (Analytics) CORRECT ANSWERS: (Analytics) Descriptive and Inferential 
 
Descriptive statistics are used to ______ CORRECT ANSWERS: Inform / Explanatory 
 
Inferential statistics are used to ______ CORRECT ANSWERS: Predict / Trend 
 
Name the 4 levels of measureme...
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Add to cartThere are two types of statistics (Analytics) CORRECT ANSWERS: (Analytics) Descriptive and Inferential 
 
Descriptive statistics are used to ______ CORRECT ANSWERS: Inform / Explanatory 
 
Inferential statistics are used to ______ CORRECT ANSWERS: Predict / Trend 
 
Name the 4 levels of measureme...
What is the key focus on analysis? CORRECT ANSWERS: To predict trends using quantitative data. 
 
What are the four levels of measurement? CORRECT ANSWERS: 1. Nominal 
2. Ordinal 
3. Interval 
4. Ratio 
 
Nominal data CORRECT ANSWERS: is categorical. It has no numerical value. It's not a number...
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Add to cartWhat is the key focus on analysis? CORRECT ANSWERS: To predict trends using quantitative data. 
 
What are the four levels of measurement? CORRECT ANSWERS: 1. Nominal 
2. Ordinal 
3. Interval 
4. Ratio 
 
Nominal data CORRECT ANSWERS: is categorical. It has no numerical value. It's not a number...
Confidence Interval CORRECT ANSWERS: An interval estimate used to indicate reliability 
 
Probability Density Function CORRECT ANSWERS: Often used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it 
 
Standard Deviat...
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Add to cartConfidence Interval CORRECT ANSWERS: An interval estimate used to indicate reliability 
 
Probability Density Function CORRECT ANSWERS: Often used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it 
 
Standard Deviat...
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 CORRECT ANSWERS: Analytics 
 
A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics mi...
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Add to cartFor companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to CORRECT ANSWERS: Analytics 
 
A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics mi...
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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: Relati...
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Add to cartAnalytics 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: Relati...
Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model? CORRECT ANSWERS: Davenport-Kim three-stage model 
 
In which stage of the Davenport-Kim model is problem recognition? CORRECT ANSWERS: Framing the problem 
 
In which stage of the Davenport-Ki...
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Add to cartFrame the Problem, Solving the Problem and Communicating Results are part of which decision making model? CORRECT ANSWERS: Davenport-Kim three-stage model 
 
In which stage of the Davenport-Kim model is problem recognition? CORRECT ANSWERS: Framing the problem 
 
In which stage of the Davenport-Ki...
A Charity is evaluating the effectiveness of its annual walk promotional campaign, in increasing walk participants and donations. What is the appropriate tool for evaluating performance? CORRECT ANSWERS: Results-based management 
 
An online Active Wear retailer wants to use their last year's sale...
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Add to cartA Charity is evaluating the effectiveness of its annual walk promotional campaign, in increasing walk participants and donations. What is the appropriate tool for evaluating performance? CORRECT ANSWERS: Results-based management 
 
An online Active Wear retailer wants to use their last year's sale...
Statistics CORRECT ANSWERS: The science that deals with the interpretation of numerical facts or data through theories of probability. Also, the numerical facts or data themselves. 
 
Benchmarks CORRECT ANSWERS: Standards or points of reference for an industry or sector that can be used for compar...
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Add to cartStatistics CORRECT ANSWERS: The science that deals with the interpretation of numerical facts or data through theories of probability. Also, the numerical facts or data themselves. 
 
Benchmarks CORRECT ANSWERS: Standards or points of reference for an industry or sector that can be used for compar...
Data Management CORRECT ANSWERS: The management, including cleaning and storage, of collected data 
 
Regression Analysis CORRECT ANSWERS: A statistical analysis tool that quantifies the relationship between a dependent variable and one or more independent variables 
 
Dependent Variable CORRECT ...
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Add to cartData Management CORRECT ANSWERS: The management, including cleaning and storage, of collected data 
 
Regression Analysis CORRECT ANSWERS: A statistical analysis tool that quantifies the relationship between a dependent variable and one or more independent variables 
 
Dependent Variable CORRECT ...
Option ranking CORRECT ANSWERS: An indicator that explains how well an option will satisfy a criterion in a prioritization matrix. 
 
Pareto Chart [Tool] CORRECT ANSWERS: A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause. 
 
Plan-D...
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Add to cartOption ranking CORRECT ANSWERS: An indicator that explains how well an option will satisfy a criterion in a prioritization matrix. 
 
Pareto Chart [Tool] CORRECT ANSWERS: A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause. 
 
Plan-D...
Affinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. 
 
Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it...
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Add to cartAffinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. 
 
Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it...
α CORRECT ANSWERS: The lower case Greek letter "alpha" 
 
β CORRECT ANSWERS: The lower case Greek letter "beta" 
 
δ CORRECT ANSWERS: The lower case Greek letter "delta" 
 
γ CORRECT ANSWERS: The lower case Greek letter "gamma" 
 
θ CORRECT ANSWERS: The lower case Greek letter "th...
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Add to cartα CORRECT ANSWERS: The lower case Greek letter "alpha" 
 
β CORRECT ANSWERS: The lower case Greek letter "beta" 
 
δ CORRECT ANSWERS: The lower case Greek letter "delta" 
 
γ CORRECT ANSWERS: The lower case Greek letter "gamma" 
 
θ CORRECT ANSWERS: The lower case Greek letter "th...
Affinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. 
 
Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it...
Preview 1 out of 2 pages
Add to cartAffinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. 
 
Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it...
Random Errors CORRECT ANSWERS: Error in measurement caused by unpredictable statistical fluctuations 
 
Information Bias CORRECT ANSWERS: A prejudice in the data that results when either the respondent or the interviewer has an agenda and is not presenting impartial questions or responding with tr...
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Add to cartRandom Errors CORRECT ANSWERS: Error in measurement caused by unpredictable statistical fluctuations 
 
Information Bias CORRECT ANSWERS: A prejudice in the data that results when either the respondent or the interviewer has an agenda and is not presenting impartial questions or responding with tr...
Results-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance Assess: What is the current situation? 
Think: What caused it? Who is involved? 
Envision: What are we going to achieve? 
Plan: How are we going to do it? With whom? When...
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Add to cartResults-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance Assess: What is the current situation? 
Think: What caused it? Who is involved? 
Envision: What are we going to achieve? 
Plan: How are we going to do it? With whom? When...
Descriptive CORRECT ANSWERS: Past data only; Not predicting or optimizing 
 
Predictive CORRECT ANSWERS: Past to predict the future; Predicting, no optimizing 
 
Prescriptive CORRECT ANSWERS: Past to predict the future and optimizing 
 
Omission CORRECT ANSWERS: Missing information 
 
Out of Ran...
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Add to cartDescriptive CORRECT ANSWERS: Past data only; Not predicting or optimizing 
 
Predictive CORRECT ANSWERS: Past to predict the future; Predicting, no optimizing 
 
Prescriptive CORRECT ANSWERS: Past to predict the future and optimizing 
 
Omission CORRECT ANSWERS: Missing information 
 
Out of Ran...
Activities (RBM stage) CORRECT ANSWERS: second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) 
 
Alternative hypothesis CORRECT ANSWERS: The argument that either a sample is not equal to, greater than, or less th...
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Add to cartActivities (RBM stage) CORRECT ANSWERS: second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) 
 
Alternative hypothesis CORRECT ANSWERS: The argument that either a sample is not equal to, greater than, or less th...
Results-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance 
 
life-cycle approach CORRECT ANSWERS: dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding...
Preview 1 out of 3 pages
Add to cartResults-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance 
 
life-cycle approach CORRECT ANSWERS: dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding...
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