WGU C207 DATA-DRIVEN DECISION MAKING PA test with answers
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
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- Uploaded on
- February 9, 2024
- Number of pages
- 9
- Written in
- 2023/2024
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- Exam (elaborations)
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- Questions & answers
Subjects
- ethical considerations
- data governance
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wgu c207 data driven decision making
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