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WGU DATA DRIVEN DECISION MAKING - C207 QUESTIONS AND ANSWERS 100% CORRECT!!

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Experience Curve - ANSWER A curve that shows the decline in cost per unit in various business functions of the value chain as the amount of these activities increases Heteroscedasticity - ANSWER A regression in which the variances in y for the values of x are not equal Business process - ANSWER A sequence of logically related and time based work activities to provide a specific output for a customer. Central Limit Theorem - ANSWER 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 - ANSWER The process of arranging terms or values based on different variables into "natural" groups Cointegration - ANSWER Occurs when two time series are moving with a common pattern due to a connection between the two time series Incidence - ANSWER measures the number of new cases that arise in a population over the course of a designated time period

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WGU DATA DRIVEN DECISION MAKING - C207
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WGU DATA DRIVEN DECISION MAKING - C207

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WGU DATA DRIVEN DECISION MAKING -
C207 QUESTIONS AND ANSWERS 100%
CORRECT!!

, Activities (RBM stage) - ANSWER second step involves the process that converts
inputs to outputs (actions necessary to produces results - training, evaluating,
developing)

Alternative hypothesis - ANSWER The argument that either a sample is not equal to,
greater than, or less than the hypothesized null sample

Analysis of Variance (ANOVA) - ANSWER 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 - ANSWER The discovery, analysis, and communication of meaningful
patterns in data.

Autocorrelation - ANSWER A relationship between two variables that is inherently non-
linear

Balanced Scorecard - ANSWER 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 - ANSWER A graph that measures the distribution of data over discrete
groups or categories.

Benchmarks - ANSWER Standards or points of reference for an industry or sector that
can be used for comparison and evaluation.

Big Data - ANSWER 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 - ANSWER A study performed where the participants are not told if they are
in the treatment group or control group

body mass index (BMI) - ANSWER A measure, based on a person's weight and height,
that is used to classify people as underweight or overweight.

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Institution
WGU DATA DRIVEN DECISION MAKING - C207
Course
WGU DATA DRIVEN DECISION MAKING - C207

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