WGU C207 MBA DATA DRIVEN DECISION-MAKING EXAM WITH GUARANTEED ACCURATE ANSWERS
7 views 0 purchase
Course
WGU C207 DATA DRIVEN DECISION-MAKING
Institution
WGU C207 DATA DRIVEN DECISION-MAKING
Descriptive analytics - ACCURATE ANSWERS Depict and then describe the characteristics of what is being studied
Predictive analytics - ACCURATE ANSWERS Use data from the past to predict the future
Prescriptive Analytics - ACCURATE ANSWERS Include experimental design and optimization to suggest...
WGU C207 DATA-DRIVEN DECISION
MAKING (PVPC) PRE-ASSESSMENT
WGU C207 DATA-DRIVEN DECISION MAKING (PVPC) PRE-ASSESSMENT |
GUARANTEED ACCURATE 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?
a. Prescriptive
b. Predictive
c. Pareto chart
d. Biased - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ a,
d
In what way does probability theory inform decision-making for
managers?
a. By quantifying risk
b. By quantifying data
c. By quantifying quality
d. By quantifying costs - ACCURATE ANSWERS✔✔ a
Which type of data are the Olympic medals of gold, silver, and bronze
examples of?
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data - ACCURATE ANSWERS✔✔ b
What are two aspects of data quality management?
a. It calculates spurious data.
b. It reduces the amount of incomplete data.
c. It monitors data input rates.
, d. It cleans data. - ACCURATE ANSWERS✔✔ b, d
Which two attributes indicate potential data quality issues when
evaluating a set of nominal data?
a. Outlier data
b. Missing data
c. Out-of-range data
d. Misspelled data - ACCURATE ANSWERS✔✔ b, d
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?
a. Systematic error
b. Omission error
c. Random error
d. Information error - ACCURATE ANSWERS✔✔ a
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?
a. The experimental unit
b. The treatment
c. The response variable
d. The intervention - ACCURATE ANSWERS✔✔ c
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GRADEUNITS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
