WGU C207 PA| 70 Questions | And Answers| with complete Solutions

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? correct answer: Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? correct answer: Relatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? correct answer: By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? correct answer: Ordinal data What are two aspects of data quality management? correct answer: It reduces the amount of incomplete data.; It cleans data. Which two attributes indicate potential data quality issues when evaluating a set of nominal data? correct answer: Missing data; 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? correct answer: systematic