WGU C207 - Data-Driven Decision Making - PreAssessment Questions and answers
WGU C207 - Data-Driven Decision Making - PreAssessment Questions and answers Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? 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 examples of? Ordinal data What are some of the aspects of data quality management? It cleans data It reduces the amount of incomplete data. Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Missing data Misspelled data
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