PACKAGE DEAL FOR WGU C207 Data Driven Decision Making 100% Accurate COMPLETE FULL PACK COMPILATION EXAM BUNDLE

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. Multip...

Descriptive - ANSWER Past data only; Not predicting or optimizing Predictive - ANSWER Past to predict the future; Predicting, no optimizing Prescriptive - ANSWER Past to predict the future and optimizing Omission - ANSWER Missing information Out of Range - ANSWER Doesn't match the data ...

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 - ANSWER a What are two reasons for the increasing use of analytics in organizatio...

Analytics is a board term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? - ANSWER Prescriptive What are two reasons for increasing use of analytics in organizational decision-making? Choose 2 Answers - ANSWER Relatively...

Confidence Interval - ANSWER An interval estimate used to indicate reliability Probability Density Function - ANSWER Often used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it Standard Deviation - ANSWER The s...

Activities (RBM stage) - ANSWER second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - ANSWER The argument that either a sample is not equal to, greater than, or less than the hypothesize...

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 - ANSWER c multiple linear regression Company A sells its 12,000th unit of the ye...

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? - ANSWER analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they...

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. - ANSWER Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? - ANSWER Relatively lower cost of computer storage Higher computer processing power I...

How would a greater number of samples and a fewer number of populations affect an ANOVA analysis? - ANSWER The results would be more accurate. Mary is determining the likelihood that she will lose money on an investment. There is an expected 10 percent gain in a normally distributed dataset, with...