C207 DATA DRIVEN DECISION MAKING TEST MODULE 1-6
COMPLETE ACCURATE EXAM ACTUAL QUESTIONS AND CORRECT
DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS)
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An advertising manager creates a research study by presenting low,
medium, or high frequency of the same ad in matched markets. The
manager then reports on sales in each market location. What is the term
for the different sales in this study? Module 1
Answer- Response variable
A healthcare study follows a particular sample over time to identify how
the health habits of teenagers impact their likelihood of acquiring
various diseases later in their life. The healthcare organization hopes this
data will allow them to create early prevention programs. Which type of
research design does this study describe? Module 1
Answer- Cohort study
Several missing values in a particular field in a dataset were observed.
The likelihood of a record having a missing value is correlated to
another variable in the dataset. Which two types of error might be
,introduced into the dataset if the removed record included missing
values? Choose 2 answers. Module 1
Answer- 1. Systematic error 2. Omission error
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? MODULE 1
Answer- Prescriptive
What are two reasons for the increasing use of analytics in
organizational decision-making? Choose 2 answers. Module 1
Answer- 1. Relatively lower cost of computer storage 2. Higher
Computer Processing Power
How does probability theory inform decision-making for managers?
Module 1
Answer- By quantifying risk
, Which type of data are the Olympic medals of gold, silver, and bronze
examples of? Module 1
Answer- Ordinal data
What are two aspects of data quality management? Choose 2 answers.
Module 1
Answer- 1. It reduces the amount of incomplete data. 2. It cleans data.
Which two attributes indicate potential data quality issues when
evaluating a set of nominal data? Choose 2 answers. Module 1
Answer- 1. Missing data 2. Misspelled data
When conducting a study that measures an individual’s weight, all scales
are calibrated prior to use in measurement. Which type of error should
this procedure significantly reduce? Module 1
Answer- Systematic error