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WGU C207 OA Data Driven Decision Making Questions and Answers (2022/2023) (Verified Answers) GRADED A

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WGU C207 OA Data Driven Decision Making Questions and Answers (2022/2023) (Verified Answers) GRADED A+

Institution
WGU C207 OA Data Driven Decision Making
Course
WGU C207 OA Data Driven Decision Making

Content preview

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WGU C207 OA Data Driven Decision Making Questions and
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Answers (2022/2023) (Verified Answers) GRADED A+




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Analytics is a broad term that refers to a variety of tools that inform managerial decisions.




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Which term can be used to describe managerial decisions?




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a. Prescriptive


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b. Predictive




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c. Pareto chart sh
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d. Biased ✔✔a
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What are two reasons for the increasing use of analytics in organizational decision making?
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a. Relatively lower cost of computer storage
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b. Lower availability of statistical experts
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c. Higher cost of obtaining data
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d. Higher computer processing power ✔✔a, d
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In what way does probability theory inform decision-making for managers?
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a. By quantifying risk la

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b. By quantifying data
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c. By quantifying quality




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d. By quantifying costs ✔✔a




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




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a. Nominal data




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b. Ordinal data




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c. Interval data


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d. Ratio data ✔✔b




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What are two aspects of data quality management?
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a. It calculates spurious data.
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b. It reduces the amount of incomplete data.
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c. It monitors data input rates.
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d. It cleans data. ✔✔b, d
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Which two attributes indicate potential data quality issues when evaluating a set of nominal data?
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a. Outlier data la

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b. Missing data
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c. Out-of-range data




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d. Misspelled data ✔✔b, d




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When conducting a study that measures an individual's weight, all scales are calibrated prior to




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use in measurement. Which type of error should this procedure significantly reduce?




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a. Systematic error
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b. Omission error



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c. Random error
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d. Information error ✔✔a
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An advertising manager creates a research study by presenting low, medium, or high frequency
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of the same ad in matched markets. The manager then reports on sales in each market location.
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What is the term for the different sales in this study?
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a. The experimental unit
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b. The treatment
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c. The response variable
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d. The intervention ✔✔c
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Institution
WGU C207 OA Data Driven Decision Making
Course
WGU C207 OA Data Driven Decision Making

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Number of pages
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