Wgu c207 stuvia - Study guides, Class notes & Summaries

WGU C207 OA 2018 with 100% Correct Questions and Answers Prescriptive - ANSWER 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 - ANSWER What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers By quantifying risk - ANSWER In what way does probability ...

WGU C207 Module 3 Quiz 2023 100% Accurate!! Linear programming - ANSWER A craftsman builds two kinds of birdhouses. One for bluebirds and one for cardinals. He knows the amount of labor and the units of lumber that are needed for each birdhouse. The craftsman has available 60 hours of labor and 120 units of lumber. Which technique should the craftsman use to minimize cost? cross over - ANSWER Ski Boards, Inc. wants to enter the market quickly with a new finish on its ski boards. It has thr...

Z-Score - ANSWERData 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 - ANSWERHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule - ANSWERA 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 even...

Activities (RBM stage) - ANSWERsecond step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - ANSWERThe argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) - ANSWERa 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 popu...

Quiz 1) 1. 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 - ANSWERB (Quiz 1) 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? A) Descriptive Analytics B) Predictive Analytics C) Prescriptive Analytics D) D...

(Quiz 1) 1. 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 - ANSWERB (Quiz 1) 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? A) Descriptive Analytics B) Predictive Analytics C) Prescriptive Analytics D) ...

Quiz 1) 1. 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 - ANSWERB (Quiz 1) 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? A) Descriptive Analytics B) Predictive Analytics C) Prescriptive Analytics D) D...

Activities (RBM stage) - ANSWERsecond step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - ANSWERThe argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) - ANSWERa 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 popu...

Z-Score - ANSWERData 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 - ANSWERHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule - ANSWERA 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 even...