Choice Version Data-Driven Decision
Making (PVPC) Question and answers
rated A+ 2025/2026
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 organizational decision making?
a. Relatively lower cost of computer storage
b. Lower availability of statistical experts
c. Higher cost of obtaining data
d. Higher computer processing power - correct answer ✔a, d
In what way does probability theory inform decision-making for managers?
a. By quantifying risk
b. By quantifying data
c. By quantifying quality
d. By quantifying costs - correct answer ✔a
,Which type of data are the Olympic medals of gold, silver, and bronze examples of?
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data - correct answer ✔b
What are two aspects of data quality management?
a. It calculates spurious data.
b. It reduces the amount of incomplete data.
c. It monitors data input rates.
d. It cleans data. - correct answer ✔b, d
Which two attributes indicate potential data quality issues when evaluating a set of nominal data?
a. Outlier data
b. Missing data
c. Out-of-range data
d. Misspelled data - correct answer ✔b, d
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?
a. Systematic error
b. Omission error
c. Random error
d. Information error - correct answer ✔a
, 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?
a. The experimental unit
b. The treatment
c. The response variable
d. The intervention - correct answer ✔c
A 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 in the hope that the healthcare
organization will be able to create early prevention programs. Which type of research design does this
study describe?
a. Double blind study
b. Systematic study
c. Cohort study
d. Experimental study - correct answer ✔c
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?
a. Systematic error
b. Omission error
c. Random error
d. Typographical error - correct answer ✔a, b
A company is trying to increase its online sales revenue by improving its e-mail advertising campaign for
repeat customers as well as new customers. Which two variables would be used in determining a
campaign to maximize revenue gain?
a. Number of purchases per e-mail