WGU C207 Data Driven Decision Making Module 5 Exam (Answered) Graded A+

WGU C207 Data Driven Decision Making Module 5 Exam (Answered) Graded A+ Results-based management does NOT need which of the following? a Statistically complex indicators b Constant monitoring c Collaboration between all participants d A common goal among everyone involved a Statistically complex indicators Results-based management uses simple indicators in order to be more flexible to the constant changes of running a business. Which one of the following is NOT an example of big data? a Department store questionnaires for online shoppers b The number of people in the entire world c Different heights of people in the state of Alabama d Spending habits of people from Beverly Hills b The number of people in the entire world The purpose of data mining is to: a determine the direction an individual or company takes. b discover outliers in the data. c decipher patterns from large databases. d establish large data as a useful tool. c decipher patterns from large databases. A ___________________ is created when a researcher combines data (e.g. prices) from multiple items without weighing any of them more significantly than the others. a simple composite index b weighted composite index c simple index number d none of the above a simple composite index A simple composite index is created when a researcher gathers data from many different sources without weighing any data more significantly than any other data. Usually, this means that there is only one good or service being measured so that all of the information is weighted equally. What is a use of an index number? a To find books in the library b To assess the quantity or price of a good over time