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WGU C207 Data Driven Decision Making Exam Questions and Answers 2027

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WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027WGU C207 Data Driven Decision Making Exam Questions and Answers 2027

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WGU C207 Data Driven Decision Making
Exam Questions and Answers 2027
Activities (RBM stage) - Correct Answer-second step involves the process that converts
inputs to outputs (actions necessary to produces results - training, evaluating,
developing)

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

Analysis of Variance (ANOVA) - Correct 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. A statistical method that helps identify the
sources of variability by comparing
their means or averages; it compares the variation within a sample to the variation
between samples to see if any differences are the result of some contributing factor or if
the differences occur by chance alone.

Analytics - Correct Answer-The discovery, analysis, and communication of meaningful
patterns in data.

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

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

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

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

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

,Business process - Correct Answer-A sequence of logically related and time based
work activities to provide a specific output for a customer.

Central Limit Theorem - Correct 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 - Correct Answer-The process of arranging terms or values based on
different variables into "natural" groups

Cointegration - Correct Answer-Occurs when two time series are moving with a
common pattern due to a connection between the two time series

Combination - Correct Answer-The number of different unordered possibilities for a
certain situation.

Complement - Correct Answer-The occurrence of an event not happening, the opposite

Confidence interval - Correct Answer-An interval estimate used to indicate reliability

Continuous Data - Correct Answer-Data that can lay along any point in a range of data

Control chart - Correct Answer-A graphic display of process data over time and against
established control limits, and that has a centerline that assists in detecting a trend of
plotted values toward either control limit. A modified run chart that also provides upper
and/or lower limits that a process should not exceed.

Control limits - Correct Answer-The area composed of three standard deviations on
either side of the centerline, or mean, of a normal distribution of data plotted on a
control chart that reflects the expected variation in the data. See also specification
limits.

Criterion-reference test - Correct Answer-compare an individual to certain defined
standards

Cumulative Average-Time Learning Model - Correct Answer-A learning curve model in
which the cumulative average time per unit declines by a constant percentage each
time the cumulative quantity of units produced is doubled

Cumulative distributions - Correct Answer-The probability that a random variable will be
found at a value less than or equal to a given number

Customer satisfaction - Correct Answer-A measure of the extent to which customers are
satisfied with the products and related services they received from a supplier.

, Cycle time - Correct Answer-The total elapsed time to move a unit of work from the
beginning to the end of a physical process, as defined by the producer and the
customer.

Data Management - Correct Answer-The management, including cleaning and storage,
of collected data.

Data Mining - Correct Answer-the process of discovering patterns in large data sets;
performed on big data to decipher patterns from these large databases

Data Set - Correct Answer-A collection of related data records on a storage device.

Davenport Kim Three Stage Model - Correct Answer-A decision making model
developed by Thomas Davenport and Jinho Kim that consists of three stages: framing
the problem, solving the problem, and communicating results

Dependent Variable - Correct Answer-The variable whose value depends on one or
more variables in the equation; typically the cost or activity to be predicted

Detractor - Correct Answer-A category of customer used in the calculation of the Net
Promoter Score that indicates an unhappy customer.

Discrete Data - Correct Answer-Data that can only take on whole values and has clear
boundaries

Double Blind Study - Correct Answer-A study performed where neither the treatment
allocator nor the participant knows which group the participant is in

Epidemiology - Correct Answer-study of the incidence, distribution and possible control
of diseases and other factors relating to health

Event - Correct Answer-An outcome that occurs

Experience Curve - Correct 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 - Correct Answer-A regression in which the variances in y for the
values of x are not equal

Histogram - Correct Answer-A graph that displays continuous data. This type of graph
has vertical bars that show the counts or numbers in each range of data. A vertical bar
chart that shows the distribution of data across groups or categories.

Homoscedasticity - Correct Answer-A regression in which the variances in y for the
values of x are equal or close to equal

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