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Data Driven Decision Making C207 Preassessment (Answered) Graded A+

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An organization develops a new strategic plan and seeks ways to measure its performance over a specific period of time. Which system enables the organization to measure performance based upon established global standards? ISO 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? Predictive What are two reasons for the increasing use of analytics in organizational decision making? Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? quantifying risk Which type of data are the Olympic medals of gold, silver and bronze examples of?

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Data Driven Decision Making C207
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