WGU C207 Data Driven Decision Making Exam With 100% Correct Answers

WGU C207 Data Driven Decision Making Exam With 100% Correct Answers Z-Score - answerData points only. Measurement of a scores relationship to the mean. A statistical measure that indicates the number of standard deviations a data point is from its mean. Variance - answerHow far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule - answerA method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the likelihood of all of the events happening. Word Hint: And Addition Rule - answerA method for finding the probability that either or both of two events occur. When two events, A and B, are mutually exclusive, the probability that A or B will occur is the sum of the probability of each event. Word Hint: Either/or. Combination Rule - answerHow many combinations can be made. Bayes Theorem - answerProbability of an event , based on conditions that might be related to the event. Conditional probability. A formula that calculates conditional probabilities. Important for understanding how new information affects the probabilities of outcomes. Word Hint: Given that. Median - answerNumber halfway into the data set. Hint Word: Typical Mode - answerNumber that occurs most often in a data set. Mean - answerAverage. Add all numbers and divide. Standard Deviation - answerHow spread out the numbers are. Square root of the variance. Pareto Chart - answerContains both line and bar graphs. Ordered by frequency of occurrence that shows how many results were generated by each identified cause. Cause and Effect Diagram - answerShows the causes of a specific event. Check Sheet - answerCollect data in real time. Control Chart - answerDetermin