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WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest Questions and Answers (Verified Answers)

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WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest Questions and Answers (Verified 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? - ANSWER-Prescriptive What are two reasons for increasing the use of analytics in organizational decision making? - ANSWER-1. Relatively lower cost of computer storage 2. Higher computer processing power How does probability theory inform decision making for managers? - ANSWER-By quantifying risk

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