WGU C207 DATA-DRIVEN DECISION MAKING (PVPC) PRE-ASSESSMENT |GUARANTEED ACCURATE ANSWERS
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Course
WGU C207 DATA DRIVEN DECISION-MAKING
Institution
WGU C207 DATA DRIVEN DECISION-MAKING
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 ...
WGU C207 MBA DATA DRIVEN
DECISION-MAKING EXAM
WGU C207 MBA DATA DRIVEN DECISION-MAKING EXAM WITH GUARANTEED
ACCURATE ANSWERS
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 a course of action
Data Mining - ACCURATE ANSWERS✔✔ the process of discovering
patterns in large data sets. Data mining is performed on big data to
decipher patterns from these large databases.
,From data mining, someone is able to make conclusions about the
underlying causes of certain variables. True or False? - ACCURATE
ANSWERS✔✔ False
This is a false statement. Data mining is often able to find trends, but it
will usually overlook the underlying causes.
True or False? As technology improves, there will be a greater amount
of raw data. - ACCURATE ANSWERS✔✔ This statement is true. Data
collection will become easier as technology improves which will lead to
an increase in raw data.
Davenport-Kim three-stage model was developed by - ACCURATE
ANSWERS✔✔ developed by Thomas Davenport and Jinho Kim
Davenport-Kim three-stage model consists of - ACCURATE
ANSWERS✔✔ Framing the problem, solving the problem and
communicating results
Davenport-Kim Three-Stage Model includes framing the problem. What
does framing the problem consist of? - ACCURATE ANSWERS✔✔
Problem recognition and review of previous findings
True or False?
The first step in the Davenport-Kim three-stage model is to frame the
problem by recognizing what the problem is and then reviewing
previous findings to begin to structure the analysis. - ACCURATE
, ANSWERS✔✔ This statement is true. Stage #1 is to frame the problem
by recognizing what the problem is and then reviewing previous
findings to begin to structure the analysis. Stage #2 is to solve the
problem. Stage #3 is the communicate your findings.
True or False?
The stage that involves the most intense statistics and data work is stage
3, communicating results. - ACCURATE ANSWERS✔✔ This statement
is false. The stage that involves the most intense statistics and data work
is stage 2, solving the problem. This step includes data modeling, data
collection, and data analysis.
continuous data - ACCURATE ANSWERS✔✔ Data that can take on
any value. There is no space between data values for a given domain.
Graphs are represented by solid lines. An example would be age.
Nominal Data - ACCURATE ANSWERS✔✔ Nominal data is a type of
discrete data. This measurement places an object into a category, rather
than attaching some quality to them. If you were to code males as 0 and
females as 1 in an analysis, this would be an example of using nominal
data.
Ordinal data - ACCURATE ANSWERS✔✔ a type of discrete data. It
places data objects into an order according to some quality. So, the
higher a data object on the scale, the more it has of a certain quality. For
example, a third-degree black belt is presumed to have more expertise in
karate than a first-degree black belt. Ordinal data allows you to place
objects in some kind of order.
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