C207 Data-Driven Decision Making PRE-ASSESSMENT: DATA-DRIVEN DECISION MAKING PVPC Attempt #1 WGU

C207 Data-Driven Decision Making PRE-ASSESSMENT: DATA-DRIVEN DECISION
MAKING PVPC Attempt #1 WGU



Attempt #1
Status:
Passed



1.
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?


YOUR
ANSWE CORRECT
R ANSWER



Prescriptive

Descriptiv

e Pareto

chart

Biased




2.
What are two reasons for the increasing use of analytics in organizational decision-

making? Choose 2 answers.


YOUR
ANSWE CORRECT
R ANSWER



Relatively lower cost of computer storage

Lower availability of statistical

experts Higher cost of obtaining

data

Higher computer processing power

,3.
How does probability theory inform decision-making for managers?


YOUR
CORRECT
ANSWE
ANSWER
R

, YOUR
ANSWE CORRECT
R ANSWER


By quantifying risk

By quantifying

data By

quantifying quality

By quantifying

costs




4.
Which type of data are the Olympic medals of gold, silver, and bronze examples of?


YOUR
CORRECT
ANSWE
ANSWER
R


Nominal data

Ordinal data

Interval

data Ratio

data




5.
What are two aspects of data quality management?

Choose 2 answers.



YOUR CORRECT
ANSWE ANSWER
R

It calculates spurious data.

It reduces the amount of incomplete data.

, It monitors data input rates.

It cleans data.