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WGU C207 Data-Driven Decision Making Exam Updated Questions and Answers (2023/2024) (Verified Answers)
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WGU C207 Data-Driven Decision Making Exam Questions and Answers (2023) (Verified Answers)
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WGU Data Driven Decision Making - C207 Exam2022/2023
1.Prescriptive <answer< 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
2.Relatively lower cost of computer storage
Higher computer processing power<answer< What are two reasons for the increasing use of analytics in organizational decision making?
.
3.By quantifying risk<answer< In what way does probability theory inform decision-mak- ing for managers?
4.Ordinal data<answer< Which type of data are the Olympic medals of gold, silver, and bronze examples of?
5.It reduces the amount of incomplete data.
It cleans data.<answer< What are some of the aspects of data quality management?
.
6.Missing data
Misspelled data<answer< Which two attributes indicate potential data quality issues when evaluating a set of nominal data?
.
7.Systematic error<answer< When conducting a study that measures an individual's weight, all scales are calibrated prior to use in measurement.
Which type of error should this procedure significantly reduce?
8.The response variable<answer< An advertising manager creates a research study by presenting low, medium, or high frequency of the same ad in matched markets. The manager then reports on sales in each market location.
What is the term for the different sales in this study?
9.Cohort study <answer< A healthcare study follows a particular sample
over time to identify how the health habits of teenagers impact their likelihood of acquiring various diseases later in their life in the hope that the healthcare organization will be able to create early prevention
programs. Which type of research design does this study describe?
10.Systematic error
Omission error <answer< Several missing values in a particular field in a dataset were observed. The likelihood of a record having a missing value is correlated to another variable in the dataset.
Which two types of error might be introduced into the dataset if the removed record included missing values?
.
11.Number of purchases per e-mail
Cost per e-mail <answer< A company is trying to increase its online sales revenue by improving its e-mail advertising campaign for repeat customers as well as new customers.
Which two variables would be used in determining a campaign to maximize revenue gain?
.
12.Compare outcomes of different drug testing results ANOVA
Understand effective marketing to spend advertising dollars efficiently Cor- relation
Monitor production process Control charts<answer< Match each action with the appro- priate statistical procedure.
Answer options may be used more than once or not at all. (3)
13.Confusion of association and causality <answer< A researcher concludes that ba- nanas create healthy children because the researcher's notes indicate that children who eat a banana every day are healthy.
Which misuse of statistics would this study be an example of if these children also eat a balanced diet and exercise daily?
14.Does a causal relationship truly exist?<answer< In the month of
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