WGU C207 Data Driven Decision Making Module 1 Exam (Answered)

WGU C207 Data Driven Decision Making Module 1 Exam (Answered) Quantitative analysis is another name for what? statistics If a dataset is presented on a scale of hours per week, which measurement scale is used? ratio The use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and add value is called ________. Analytics Analytics makes use of all these things to drive decision-making and add value. First, second, third, fourth... What kind of data does this represent? Ordinal data Ordinal data places data objects into an ordered list according to some quality. This kind of data is also called categorical data. Nominal data Nominal data is used to put data into categories, which is why it is also known as categorical data. Assume you are measuring the various lengths of used pencils, and you collect the following data points (in inches): 1.37, 2.65, 2.78, 3.46, 3.91. What kind of data are these data points? continuous data In a set of continuous data, a point can lay along with any point in a range of data. A data point that can only take on whole values and has boundaries is called what? discrete Discrete data points are always whole integers. If a measure is consistent and repeatable it is said to be __________. reliable A measure must be repeatable in multiple locations under diverse conditions to be considered reliable. A small group from which you make an inference about an entire population is called a __________. sample If chosen properly, a sample can make predictions about an entire population. Cleaning and organizing data that has been collected is known as __________. data management Managing your data is as important as your analysis. The first step in the Davenport-Kim three-stage model is to frame the problem by recognizing what the problem is and then reviewing previous findings to begin to structure the analysis. (t/f) (True) Stage # 1 is to frame the