WGU C207: Data Driven Decision Making Exam Solved 100% Correct!!

Analytics is a board term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? - Prescriptive What are two reasons for increasing use of analytics in organizational decision-making? Choose 2 Answers - Relatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? - Ordinal data What are two aspects of data quality management? Choose 2 answers - It reduces the amount of incomplete data It cleans data Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Choose 2 answers - Missing data Misspelled data 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? - Systematic error 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? - Response variable 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. The healthcare organization hopesthis data will allow them to create early prevention programs. Which type of research design does this study describe? - Cohort study