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WGU C207 Data Driven Decision Making TESTS COMPILATION BUNDLE

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WGU Data Driven Decision Making - C207| 146 QUESTIONS| WITH COMPLETE SOLUTIONS

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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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WGU C207 Module Quizzes Multi Choice Version Data-Driven Decision Making QUESTIONS WITH COMPLETE SOLUTIONS

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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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WGU C207 Pre-Assessmen Multi Choice Version Data-Driven Decision Making (PVPC) QUESTIONS WITH COMPLETE SOLUTIONS

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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? 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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WGU C207 Data Driven Decision Making Module 2| 102 QUESTIONS| WITH COMPLETE SOLUTIONS

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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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WGU C207 Data Driven Decision Making Quizzes| 84 QUESTIONS| WITH COMPLETE SOLUTIONS

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(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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WGU C207 Data Driven Decision Making Module 3| 80 questions| with complete solutions

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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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WGU C207 - Module 5| 50 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making Module 6| 60 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making Module 5| 63 questions| with complete solutions

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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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WGU C207 STUDY GUIDE MODULE 3 & 4| 85 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making| 176 questions| with complete solutions

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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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WGU 207 Flashcards| 94 questions| with complete solutions

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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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C207 WGU| 344 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making Module 2 with complete solutions

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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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WGU C207 Quizes| 76 questions| with complete solutions

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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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WGU C207 PA| 70 questions| with complete solutions

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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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WGU C207 module 1| 50 questions| with complete solutions

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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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WGU C-207 Mod 5 Quiz questions and answers

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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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WGU C207 - Chapter 1 questions with complete solutions

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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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WGU C207 Data-Driven Decision Making 3 questions with complete solutions

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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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WGU C207 Data-Driven Decision Making 4b questions with complete solutions

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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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WGU C207 Data-Driven Decision Making 4| 67 questions| with complete solutions

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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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WGU C207 Data-Driven Decision Making| 667 questions| with complete solutions

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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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WGU C207 Data-Driven Decision Making 4 questions with complete solutions

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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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WGU C207 quiz| 296 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making 5| 51 questions| with complete solutions

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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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C207 WGU Data Driven Decision Making| 135 questions| with complete solutions

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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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WGU - MBA - C207 - Data Driven Decision Making| 240 questions| with complete solutions

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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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WGU C207 Data Driven Decision Making 5 questions with complete solutions

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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...

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