WGU Data Driven Decision Making - C207 | Study Material for Exams

WGU Data Driven Decision Making - C207 | Study Material for Exams 1. Activities (RBM stage) -----Right Answer-------second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) 2. Alternative hypothesis -----Right Answer-------The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample 3. Analysis of Variance (ANOVA) -----Right Answer-------a 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 population are not all equal 4. Analytics -----Right Answer-------The discovery, analysis, and communication of meaningful patterns in data. 5. Autocorrelation -----Right Answer-------A relationship between two variables that is inherently non-linear 6. Balanced Scorecard -----Right Answer-------An approach using multiple measures to evaluate performance, including financial measures, and the non-financial measures of customers, internal business processes, and learning and growth. 7. Bar chart -----Right Answer-------A graph that measures the distribution of data over discrete groups or categories. 8. Benchmarks -----Right Answer-------Standards or points of reference for an industry or sector that can be used for comparison and evaluation. 9. Big Data -----Right Answer-------very large amounts of data; an all-encompassing term for any collection of data sets so large and complex that it becomes difficult to process them using traditional data processing applications 10.Blind Study -----Right Answer-------A study performed where the participants are not told if they are in the treatment group or control group mass index (BMI) -----Right Answer-------A measure, based on a person's weight and height, that is used to classify people as underweight or overweight. 12.Business process -----Right Answer-------A sequence of logically related and time based work activities to provide a specific output for a customer. 13.Central Limit Theorem -----Right Answer-------A theorem that states that, the greater the sample, the closer the mean of the sample is to the entire population and the more the results will look like a normal distribution 14.Cluster Analysis -----Right Answer-------The process of arranging terms or values based on different variables into "natural" groups