WGU C207 DATA-DRIVEN DECISION MAKING 2024 ENAM BUNDLE

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - correct answer b A manufacturer wants to maximize their factory output whi...

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? a. Prescriptive b. Predictive c. Pareto chart d. Biased - correct answer a What are two reasons for the increasing use of analytics in org...

Descriptive - correct answer Past data only; Not predicting or optimizing Predictive - correct answer Past to predict the future; Predicting, no optimizing Prescriptive - correct answer Past to predict the future and optimizing Omission - correct answer Missing information Out of Range -...

Z-Score - correct answer Data points only. Measurement of a scores relationship to the mean. A statistical measure that indicates the number of standard deviations a data point is from its mean. Variance - correct answer How far a set of numbers are spread. Used for Data set. Hint Words = Risk, s...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to - correct answer Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics mig...

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? - correct answer Prescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - correct answer Relative...

WGU C207 PA test with 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? - correct answer Prescriptive What are two reasons for the increasing use of analytics in organizational decision-...

Descriptive and Inferential - correct answer There are two types of statistics (Analytics) Inform / Explanatory - correct answer Descriptive statistics are used to ______ Predict / Trend - correct answer Inferential statistics are used to ______ (NOIR) Nominal, Ordinal, Interval Ratio - cor...

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. - correct answer Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? - correct answer Relatively lower cost of computer storage Higher computer proce...

Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not ________ data, but temperature is _________ data. - correct answer Discr...

Which of the following is NOT an application of statistics in business? a Determine the internet advertiser that will reach the most people from extensive page view data. b Determine a target market based on information on household incomes throughout the country. c Predict trends in certain in...

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? - correct answer Predictive What are two reasons for the increasing use of analytics in organizational decision making? - correct answer Relativel...

life-cycle approach - correct answer dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new technology and new capabilities Input - correct answer The first step of RBM is to define the resources, human or financial, u...

α The lower case Greek letter "alpha" β The lower case Greek letter "beta" δ The lower case Greek letter "delta" γ The lower case Greek letter "gamma" θ The lower case Greek letter "theta" addition In sculpture, the process of adding or combining material. algebraic equati...