C207 Pre-Assessment Questions With Complete Solutions
1. 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? O Descriptive O Pareto chart O Biased O Prescriptive correct answer: O Prescriptive 2. What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers. O Higher computer processing power O Higher cost of obtaining data O Relatively lower cost of computer storage O Lower availability of statistical experts correct answer: O Higher computer processing power O Relatively lower cost of computer storage 3. How does probability theory inform decision-making for managers? O By quantifying costs O By quantifying quality O By quantifying risk O By quantifying data correct answer: O By quantifying risk 4. Which type of data are the Olympic medals of gold, silver, and bronze examples of? O Ratio data
Written for
- Institution
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Western Governors University
- Course
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WGU C207
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- Uploaded on
- July 31, 2023
- Number of pages
- 24
- Written in
- 2022/2023
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- Exam (elaborations)
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- Questions & answers
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c207 pre assessment questions with complete soluti
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