Wgu c207 exam questions - Study guides, Class notes & Summaries

WGU C207 Exam Questions with Answers 2024/2025 Latest Update What is the key focus on analysis? - answerTo predict trends using quantitative data. What are the four levels of measurement? - answer1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data - answeris categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordinal data - answeris ranked, but doesn'...

WGU C207 Pre- Assessment Data-Driven Decision-Making Exam (Latest 2023/ 2024 Update) Questions and Verified Answers- 100% Correct Q: A hardware store has found that there is a 0.25 probability that a customer buys an electrical product, a 0.45 probability that a customer buys a plumbing product, and a 0.10 probability that a customer buys an electrical product if they purchase a plumbing product Which statistical rule can be used to determine the probability that a customer buys a plumbin...

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WGU C207 Exam Questions and Answers with Complete Solutions

WGU C207 Exam Questions With Complete Answers

WGU C207 Exam Questions and Answers 100% Pass!! here are two types of statistics (Analytics) -Answer-descriptive and inferential Descriptive statistics are used to ______ -Answer-Inform / Explanatory Inferential statistics are used to ______ -Answer-Predict / Trend Name the 4 levels of measurement -Answer-(NOIR) Nominal, Ordinal, Interval, Ratio Continuous data with unique zero point -Answer-ratio Orders data at equal distance apart -Answer-interval Place qualitative objects in some kind...

WGU C207 Exam Questions with Complete Solutions What is the key focus on analysis? - ANSWER To predict trends using quantitative data. What are the four levels of measurement? - ANSWER 1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data - ANSWER is categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordin...

WGU C207 Exam Questions And Answers All Verified 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? - ANS Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - ANS Relatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? - ANS By quantifying ris...

WGU C207 Exam Questions and Answers 100% Verified and Updated 2024 There are two types of statistics (Analytics) -Answer-descriptive and inferential Descriptive statistics are used to ______ -Answer-Inform / Explanatory Inferential statistics are used to ______ -Answer-Predict / Trend Name the 4 levels of measurement -Answer-(NOIR) Nominal, Ordinal, Interval, Ratio Continuous data with unique zero point -Answer-ratio Orders data at equal distance apart -Answer-interval Place qualitative ...