1
WGU C207 DATA-DRIVEN DECISION MAKING
OBJECTIVE ASSESSMENT|LATEST QUESTIONS WITH
VERIFIED & DETAILED ANSWERS | A+ GRADED
Activities (RBM stage) - (answers)second step involves the process that converts
inputs to outputs (actions necessary to produces results - training, evaluating,
developing)
Alternative hypothesis - (answers)The argument that either a sample is not equal
to, greater than, or less than the hypothesized null sample
Analysis of Variance (ANOVA) - (answers)a technique used to determine if there is
a sufficient evidence from sample data of three or more populations to conclude
that the means of the population are not all equal
Analytics - (answers)The discovery, analysis, and communication of meaningful
patterns in data.
Autocorrelation - (answers)A relationship between two variables that is inherently
non-linear
Balanced Scorecard - (answers)An approach using multiple measures to evaluate
performance, including financial measures, and the non-financial measures of
customers, internal business processes, and learning and growth.
Bar chart - (answers)A graph that measures the distribution of data over discrete
groups or categories.
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Benchmarks - (answers)Standards or points of reference for an industry or sector
that can be used for comparison and evaluation.
Big Data - (answers)very large amounts of data; an all-encompassing term for any
collection of data sets so large and complex that it becomes difficult to process
them using traditional data processing applications
Blind Study - (answers)A study performed where the participants are not told if
they are in the treatment group or control group
body mass index (BMI) - (answers)A measure, based on a person's weight and
height, that is used to classify people as underweight or overweight.
Business process - (answers)A sequence of logically related and time based work
activities to provide a specific output for a customer.
Central Limit Theorem - (answers)A theorem that states that, the greater the
sample, the closer the mean of the sample is to the entire population and the
more the results will look like a normal distribution
Cluster Analysis - (answers)The process of arranging terms or values based on
different variables into "natural" groups
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Cointegration - (answers)Occurs when two time series are moving with a common
pattern due to a connection between the two time series
Combination - (answers)The number of different unordered possibilities for a
certain situation.
Complement - (answers)The occurrence of an event not happening, the opposite
Confidence interval - (answers)An interval estimate used to indicate reliability
Continuous Data - (answers)Data that can lay along any point in a range of data
Control chart - (answers)A graphic display of process data over time and against
established control limits, and that has a centerline that assists in detecting a
trend of plotted values toward either control limit.
Control limits - (answers)The area composed of three standard deviations on
either side of the centerline, or mean, of a normal distribution of data plotted on
a control chart that reflects the expected variation in the data
Criterion-reference test - (answers)compare an individual to certain defined
standards
WGU C207 DATA-DRIVEN DECISION MAKING
OBJECTIVE ASSESSMENT|LATEST QUESTIONS WITH
VERIFIED & DETAILED ANSWERS | A+ GRADED
Activities (RBM stage) - (answers)second step involves the process that converts
inputs to outputs (actions necessary to produces results - training, evaluating,
developing)
Alternative hypothesis - (answers)The argument that either a sample is not equal
to, greater than, or less than the hypothesized null sample
Analysis of Variance (ANOVA) - (answers)a technique used to determine if there is
a sufficient evidence from sample data of three or more populations to conclude
that the means of the population are not all equal
Analytics - (answers)The discovery, analysis, and communication of meaningful
patterns in data.
Autocorrelation - (answers)A relationship between two variables that is inherently
non-linear
Balanced Scorecard - (answers)An approach using multiple measures to evaluate
performance, including financial measures, and the non-financial measures of
customers, internal business processes, and learning and growth.
Bar chart - (answers)A graph that measures the distribution of data over discrete
groups or categories.
, 2
Benchmarks - (answers)Standards or points of reference for an industry or sector
that can be used for comparison and evaluation.
Big Data - (answers)very large amounts of data; an all-encompassing term for any
collection of data sets so large and complex that it becomes difficult to process
them using traditional data processing applications
Blind Study - (answers)A study performed where the participants are not told if
they are in the treatment group or control group
body mass index (BMI) - (answers)A measure, based on a person's weight and
height, that is used to classify people as underweight or overweight.
Business process - (answers)A sequence of logically related and time based work
activities to provide a specific output for a customer.
Central Limit Theorem - (answers)A theorem that states that, the greater the
sample, the closer the mean of the sample is to the entire population and the
more the results will look like a normal distribution
Cluster Analysis - (answers)The process of arranging terms or values based on
different variables into "natural" groups
, 3
Cointegration - (answers)Occurs when two time series are moving with a common
pattern due to a connection between the two time series
Combination - (answers)The number of different unordered possibilities for a
certain situation.
Complement - (answers)The occurrence of an event not happening, the opposite
Confidence interval - (answers)An interval estimate used to indicate reliability
Continuous Data - (answers)Data that can lay along any point in a range of data
Control chart - (answers)A graphic display of process data over time and against
established control limits, and that has a centerline that assists in detecting a
trend of plotted values toward either control limit.
Control limits - (answers)The area composed of three standard deviations on
either side of the centerline, or mean, of a normal distribution of data plotted on
a control chart that reflects the expected variation in the data
Criterion-reference test - (answers)compare an individual to certain defined
standards
