WGU C207 DATA-DRIVEN DECISION MAKING FINAL EXAM 2024/Questions and Answers WITH CORRECT DETAILED ANSWERS/A+ GRADE
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WGU C207 DATA-DRIVEN DECISION MAKING
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WGU C207 DATA-DRIVEN DECISION MAKING
WGU C207 DATA-DRIVEN DECISION MAKING FINAL EXAM 2024/Questions and Answers WITH CORRECT DETAILED ANSWERS/A+ GRADE
Activities (RBM stage) - ANSWER-second step involves the process that converts
inputs to outputs (actions necessary to produces results - training, evaluating, developing)
Alte...
WGU C207 DATA -DRIVEN DECISION MAKING FINAL EXAM 2024/Questions and Answers WITH CORRECT DETAILED ANSWERS/A+ GRADE 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 hypothesized null sample Analysis of Variance (ANOVA) - ANSWER -a technique used to determine if there is a sufficient evidence from sample data of three or more populations to conclude that the means of the population are not all equal Analytics - ANSWER -The discovery, analysis, and communication of meaningful patterns in data. Autocorrelation - ANSWER -A relationship between two variables that is inherently non- linear Balanced Scorecard - ANSWER -An approach using multiple measures to evaluate performance, including financial measures, and the non -financial measures of customers, internal business processes, and learning and growth. Bar chart - ANSWER -A graph that measures the distribution of data over discrete groups or categories. Benchmarks - ANSWER -Standards or points of reference for an industry or sector that can be used for comparison and evaluation. Big Data - ANSWER -very large amounts of data; an all -encompassing term for any collection of data sets so large and complex that it becomes difficult to process them using traditional data processing applications Blind Study - ANSWER -A study performed where the participants are not told if they are in the treatment group or control group body mass index (BMI) - ANSWER -A measure, based on a person's weight and height, that is used to classify people as underweight or overweight. Business process - ANSWER -A sequence of logically related and time based work activities to provide a specific output for a customer. Central Limit Theorem - ANSWER -A theorem that states that, the greater the sample, the closer the mean of the sample is to the entire population and the more the results will look like a normal distribution Cluster Analysis - ANSWER -The process of arranging terms or values based on different variables into "natural" groups Cointegration - ANSWER -Occurs when two time series are moving with a common pattern due to a connection between the two time series Combination - ANSWER -The number of different unordered possibilities for a certain situation. Complement - ANSWER -The occurrence of an event not happening, the opposite Confidence interval - ANSWER -An interval estimate used to indicate reliability Continuous Data - ANSWER -Data that can lay along any point in a range of data Control chart - ANSWER -A graphic display of process data over time and against established control limits, and that has a centerline that assists in detecting a trend of plotted values toward either control limit. Control limits - ANSWER -The area composed of three standard deviations on either side of the centerline, or mean, of a normal distribution of data plotted on a control chart that reflects the expected variation in the data Criterion -reference test - ANSWER -compare an individual to certain defined standards Critical Success Factors - ANSWER -The important things an entity must do to be successful, such as quality measures, customer service, or efficiency. Cumulative Average -Time Learning Model - ANSWER -A learning curve model in which the cumulative average time per unit declines by a constant percentage each time the cumulative quantity of units produced is doubled Cumulative distributions - ANSWER -The probability that a random variable will be found
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