WGU C207 - Data-Driven Decision Making - Pre-Assessment
Analytics is a broad term that refers to a variety of tools that inform managerial decisions. - correct answer Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? - correct answer Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? - correct answer By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? - correct answer Ordinal data
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- February 9, 2024
- Number of pages
- 10
- Written in
- 2023/2024
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Subjects
- ethical considerations
- data governance
- decision making
- data interpretation
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wgu c207 data driven decision making
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