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
Which type of data are the Olympic medals of gold, silver, and bronze example of? -
ANSWER-Ordinal (categorial)
What are two aspects of data quality management? - ANSWER-1. It reduces the amount of
incomplete data
2. It cleans data
Which two attributes indicate potential data quality issues when evaluating a set of nominal
data? - ANSWER-1. Missing Data
2. Misspelled data
When conducting a study that measures an individual's weight, all scales are calibrated prior to
use in measurement.
Which type of error should this procedure significantly reduce? - ANSWER-Systematic error
An advertising manager creates a research study by presenting low, medium or high frequency
of the same ad in matched markets. The manager then reports on sales in each market
location.
What is the term for the different sales in this study? - ANSWER-Response variable
, Healthcare study follows a particular sample over time to identify how the health habits of
teenagers impact their likelihood of acquiring various diseases later in their life. The healthcare
org hopes the data will allow them to create early prevention programs.
Which type of research design does this study describe? - ANSWER-Cohort study
Several missing values in a particular field in a dataset were observed. The likelihood of a
record having a missing value is correlated to another variable in the dataset.
Which two types of error might be introduced into the dataset if the removed record included
missing values? - ANSWER-Systematic error
Omission error
A company is trying to increase online sales revenue by improving its email advertising
campaign for repeat customers as well as new customers.
Which two variables would be used in determining a campaign to maximize revenue gain? -
ANSWER-Number of purchases per email
Spending per purchase
A company that raises turkeys hopes to increase the rate of growth while controlling the cost of
feeding them. It has determined that feeds containing both nutrients and proteins can be used.
Which decision-making technique is most appropriate to minimize the cost of feeding the birds?
- ANSWER-Linear programming
Comparing outcomes of different drug testing results - ANSWER-ANOVA
Understand effective marketing to spend advertising dollars efficiently - ANSWER-Correlation
Monitor production process - ANSWER-Control charts
A researcher concludes that bananas create healthy children because the researcher's notes
indicate that children who eat a banana every day are healthy.
Which misuse of statistics would this study be an example of if these children also eat a
balanced diet and exercise daily? - ANSWER-Confusion of association and causality
In the month of December, there is a strong positive correlation between airline ticket sales and
retail sales.
Which question should the researcher consider before concluding that the correlation statistic
implies that airline sales drive retail sales? - ANSWER-Does a causal relationship truly exist?
A medical care provider determines the probability that a patient needs treatment for a broken
bone, the probability that a patient needs treatment for a concussion, and the probability that a
patient needs treatment for both a broken bone and a concussion.
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
Which type of data are the Olympic medals of gold, silver, and bronze example of? -
ANSWER-Ordinal (categorial)
What are two aspects of data quality management? - ANSWER-1. It reduces the amount of
incomplete data
2. It cleans data
Which two attributes indicate potential data quality issues when evaluating a set of nominal
data? - ANSWER-1. Missing Data
2. Misspelled data
When conducting a study that measures an individual's weight, all scales are calibrated prior to
use in measurement.
Which type of error should this procedure significantly reduce? - ANSWER-Systematic error
An advertising manager creates a research study by presenting low, medium or high frequency
of the same ad in matched markets. The manager then reports on sales in each market
location.
What is the term for the different sales in this study? - ANSWER-Response variable
, Healthcare study follows a particular sample over time to identify how the health habits of
teenagers impact their likelihood of acquiring various diseases later in their life. The healthcare
org hopes the data will allow them to create early prevention programs.
Which type of research design does this study describe? - ANSWER-Cohort study
Several missing values in a particular field in a dataset were observed. The likelihood of a
record having a missing value is correlated to another variable in the dataset.
Which two types of error might be introduced into the dataset if the removed record included
missing values? - ANSWER-Systematic error
Omission error
A company is trying to increase online sales revenue by improving its email advertising
campaign for repeat customers as well as new customers.
Which two variables would be used in determining a campaign to maximize revenue gain? -
ANSWER-Number of purchases per email
Spending per purchase
A company that raises turkeys hopes to increase the rate of growth while controlling the cost of
feeding them. It has determined that feeds containing both nutrients and proteins can be used.
Which decision-making technique is most appropriate to minimize the cost of feeding the birds?
- ANSWER-Linear programming
Comparing outcomes of different drug testing results - ANSWER-ANOVA
Understand effective marketing to spend advertising dollars efficiently - ANSWER-Correlation
Monitor production process - ANSWER-Control charts
A researcher concludes that bananas create healthy children because the researcher's notes
indicate that children who eat a banana every day are healthy.
Which misuse of statistics would this study be an example of if these children also eat a
balanced diet and exercise daily? - ANSWER-Confusion of association and causality
In the month of December, there is a strong positive correlation between airline ticket sales and
retail sales.
Which question should the researcher consider before concluding that the correlation statistic
implies that airline sales drive retail sales? - ANSWER-Does a causal relationship truly exist?
A medical care provider determines the probability that a patient needs treatment for a broken
bone, the probability that a patient needs treatment for a concussion, and the probability that a
patient needs treatment for both a broken bone and a concussion.
