WGU C207 Pre Assessment Study Guide Exam With 100% Correct Answers

WGU C207 Pre Assessment Study Guide Exam With 100% Correct Answers Which term can be used to describe managerial decisions? - answerPrescriptive 2 reasons for the increase in use of analytics in organizational decision making? - answer1. Relatively low cost of computer storage 2. 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? - answer1. it reduces the amount of incomplete data 2. it cleans data 2 attributes of data quality issues when evaluating sets of nominal data? - answer1. missing data 2. misspelled data All scales are calibrated prior to use in measurement. Which type of error should this reduce? - answerSystemic 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 sample over time to identify how health habits of teenagers impact their likelihood of acquiring disease later in life. Which type of research design does this study describe? - answerCohort study (a cohort study studies a group of people with a defining characteristic, typically with a common event in a period, such as birth or graduation) The likelihood of a record having a missing value is correlated to another variable in the dataset. Which two types of errors might be introduced into the dataset if the removed record included missing values? - answer1. Systematic Error 2. Omission error Which two variables would be used in determining a campaign to maximize revenue gain from email advertising? - answer1. Number of purchases per email 2. Spending per purchase A company that raises turkeys is hoping to increase their rate of growth while controlling cost of feed. Which decision-making technique is most appropriate to minimize cost of feeding birds? - answerLinear programming