WGU C207 Quiz Exam With 100% Correct Answers 2024/2025

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? - answerOrdinal data What are two aspects of data quality management? - answerIt reduces the amount of incomplete data. It cleans data. Which two attributes indicate potential data quality issues when evaluating a set of nominal data? - answerMissing 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? - answerSystematic error 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? - answerResponse 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? - answerCohort 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? - answerSystematic error Omission Error A company is trying to increase its online sales revenue by improving its email advertising campaign for repeat customers as well as new customers. Which two variables would be used in determining a campaign to maximize revenue gain? - answerNumber of purchases per email. Spending per purchase, A company that raises turkeys is hoping to increase the rate of growth of the turkeys while controlling the cost of feeding them. It has determined that feeds containing both nutrients and protein can be used. Which decision-making technique is most appropriate for this company to minimize the cost of feeding the birds? - answerLinear Pr