C207 oa - Study guides, Class notes & Summaries

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Rated A+. Which term can be used to describe managerial decisions Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze example...

WGU C207 OA Exam With 100% Correct Answers 2024

C207 OA WGU Questions with 100% Correct Answers Simple indexing -Answer-Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index -Answer-assig...

WGU C207 OA Partial test Questions with Answers What are the two potential uses of analytics?  To turn information into insight  To develop fact-based strategies Which two tools help users to understand processes?  Control charts  Flow charts A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add 1mm to each rod. What is the resulting mistake representative of?  Systematic error Which type of result is pr...

C207 OA QUESTIONS WITH CORRECT ANSWERS Simple indexing CORRECT ANSWER Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index CORRE...

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 Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, si...

C207 OA Test | Questions and Correct Answers | Latest Update 2024/2025 Simple indexing - Answer -Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. W...

WGU C207 OA Questions with Answers Graded A 2023 Prescriptive - 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 Relatively lower cost of computer storage Higher computer processing power - What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers By quantifying risk - In what way does probability theory inform decision-making f...

C207 OA WGU Questions with 100% Correct Answers Simple indexing -Answer-Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index -Answer-assig...

WGU C207 OA 2024- Questions & Detailed Solutions