WGU C207 OA Data-Driven Decision Making 2018 UPDATED Exam Questions and Answers (2022/2023) (Verified Answers)

WGU C207 OA Data-Driven Decision Making 2018 UPDATED Exam Questions and Answers (2022/2023) (Verified Answers) Prescriptive - Answer 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 Relatively lower cost of computer storage Higher computer processing power - Answer What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers By quantifying risk - Answer In what way does probability theory inform decision-making for managers? Ordinal data - Answer Which type of data are the Olympic medals of gold, silver, and bronze examples of? It reduces the amount of incomplete data. It cleans data. - Answer What are some of the aspects of data quality management? Choose 2 answers Missing data Misspelled data - Answer Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Choose 2 answers Systematic error - Answer When conducting a study that measures an individual's weight, all scales are calibrated prior to use in measuremen