C207 module 1 - Study guides, Class notes & Summaries

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - ANSWER b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytic...

C207 Module 1 EXAM WITH VERIFIED QUESTIONS AND ANSWERS Module 1 Quiz 6 of 14 points 1. For companies to attract and retain their best customers they need a 1/1 complete portrait of who they are. To develop this portrait companies turn to… Statistics Analytics Management Science Histograms 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? 1/1 Descriptive Analytics ...

Analytics - Answer is the discovery, analysis and communication of meaningful patterns in data Information Bias - Answer is a prejudice in data that results when either the respondent or the interviewer have and agenda that affects responses Ordinal Data - Answer places data into categories that are ordered by a predetermined criteria Omission Error - Distorted results - Answer occurs when something (for example data or survey response) is missing Interval Data - Answer is ...

WGU C207 Module 1 Quiz

WGU C207 Module 1 Quiz

WGU C207 Data Driven Decision Making Module 1- 6 Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model? - ANSWER Davenport-Kim three-stage model In which stage of the Davenport-Kim model is problem recognition? - ANSWER Framing the problem In which stage of the Davenport-Kim model is data collection? - ANSWER S...

C207 Module 1 EXAM WITH VERIFIED QUESTIONS AND ANSWERS Module 1 Quiz 6 of 14 points 1. For companies to attract and retain their best customers they need a 1/1 complete portrait of who they are. To develop this portrait companies turn to… Statistics Analytics Management Science Histograms 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? 1/1 Descriptive Analytics ...

C207 Module 1 EXAM WITH VERIFIED QUESTIONS AND ANSWERS Module 1 Quiz 6 of 14 points 1. For companies to attract and retain their best customers they need a 1/1 complete portrait of who they are. To develop this portrait companies turn to… Statistics Analytics Management Science Histograms 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? 1/1 Descriptive Analytics ...

WGU C207 Data Driven Decision Making Module 1 Quantitative analysis is another name for what? a) algebra b) mathematics c) statistics d) probability - ANSWER c) statistics If a dataset is presented on a scale of hours per week, which scale of measurement is being used? a) nominal b) ordinal c) interval d) ratio - ANSWER d) ratio ...

C207 Module 1 EXAM WITH VERIFIED QUESTIONS AND ANSWERS Module 1 Quiz 6 of 14 points 1. For companies to attract and retain their best customers they need a 1/1 complete portrait of who they are. To develop this portrait companies turn to… Statistics Analytics Management Science Histograms 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? 1/1 Descriptive Analytics ...