100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
WGU C207 Data Driven Decision Making UPDATED ACTUAL Exam Questions and CORRECT Answers $7.99   Add to cart

Exam (elaborations)

WGU C207 Data Driven Decision Making UPDATED ACTUAL Exam Questions and CORRECT Answers

 6 views  0 purchase
  • Course
  • WGU C207 Data Driven Decision Making
  • Institution
  • WGU C207 Data Driven Decision Making

WGU C207 Data Driven Decision Making UPDATED ACTUAL Exam Questions and CORRECT Answers Z-Score - CORRECT 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. Varianc...

[Show more]

Preview 2 out of 9  pages

  • October 13, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • wgu c207
  • WGU C207 Data Driven Decision Making
  • WGU C207 Data Driven Decision Making
avatar-seller
MGRADES
WGU C207 Data Driven Decision Making
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Z-Score - CORRECT 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 - CORRECT ANSWER✔✔- How far a set of numbers are spread. Used for Data
set. Hint Words = Risk, spread.


Multiplication Rule - CORRECT ANSWER✔✔- A method for finding the probability that
both of two events occur. When the probabilities of multiple events are multiplied together to
determine the likelihood of all of the events happening. Word Hint: And


Addition Rule - CORRECT ANSWER✔✔- A method for finding the probability that either
or both of two events occur. When two events, A and B, are mutually exclusive, the
probability that A or B will occur is the sum of the probability of each event. Word Hint:
Either/or.


Combination Rule - CORRECT ANSWER✔✔- How many combinations can be made.



Bayes Theorem - CORRECT ANSWER✔✔- Probability of an event , based on conditions
that might be related to the event. Conditional probability. A formula that calculates
conditional probabilities. Important for understanding how new information affects the
probabilities of outcomes. Word Hint: Given that.


Median - CORRECT ANSWER✔✔- Number halfway into the data set. Hint Word: Typical



Mode - CORRECT ANSWER✔✔- Number that occurs most often in a data set.



Mean - CORRECT ANSWER✔✔- Average. Add all numbers and divide.

, Standard Deviation - CORRECT ANSWER✔✔- How spread out the numbers are. Square
root of the variance.


Pareto Chart - CORRECT ANSWER✔✔- Contains both line and bar graphs. Ordered by
frequency of occurrence that shows how many results were generated by each identified
cause.


Cause and Effect Diagram - CORRECT ANSWER✔✔- Shows the causes of a specific
event.


Check Sheet - CORRECT ANSWER✔✔- Collect data in real time.



Control Chart - CORRECT ANSWER✔✔- Determines whether a process should undergo a
formal exam for quality.


Histogram - CORRECT ANSWER✔✔- Graph representing the distribution of numeric data.
Measures how continuous data is distributed over various ranges. Example: Displays how
many people fall in various ranges of height.


Scatter Diagram - CORRECT ANSWER✔✔- A graphic that uses dots to show relationships
or correlations between variables


Flow/Run Chart - CORRECT ANSWER✔✔- Shows the workflow process



Bar Chart - CORRECT ANSWER✔✔- Graph of schedule-related info. Example: Measures
how many people are from each state.


Box - Plot - CORRECT ANSWER✔✔- Used while studying the composition of a data set to
examine the distribution (non - parametric data) uses median and percentiles rather than
averages. (Look for Spread and Median.)


Dependent Variable - CORRECT ANSWER✔✔- Dependent upon the Independent variable

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart