WGU C207 DATA-DRIVEN DECISION-
MAKING FINAL LATEST EXAM
WITH ACTUAL QUESTIONS AND
WELL ELABORATED RATIONALES
Question-Multiplication Rule - Answer-A 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
Question-Addition Rule - Answer-A 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.
Question-Combination Rule - Answer-How many combinations can be made.
Question-Bayes Theorem - Answer-Probability 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.
Question-Z-Score - Answer-Data 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.
Question-Variance - Answer-How far a set of numbers are spread. Used for Data set. Hint Words
= Risk, spread.
,Question-Median - Answer-Number halfway into the data set. Hint Word: Typical
Question-Mode - Answer-Number that occurs most often in a data set.
Question-Mean - Answer-Average. Add all numbers and divide.
Question-Standard Deviation - Answer-How spread out the numbers are. Square root of the
variance.
Question-Pareto Chart - Answer-Contains both line and bar graphs. Ordered by frequency of
occurrence that shows how many results were generated by each identified cause.
Question-Cause and Effect Diagram - Answer-Shows the causes of a specific event.
Question-Check Sheet - Answer-Collect data in real time.
Question-Control Chart - Answer-Determines whether a process should undergo a formal exam
for quality.
Question-Histogram - Answer-Graph representing the distribution of numeric data. Measures
how continuous data is distributed over various ranges. Example: Displays how many people fall
in various ranges of height.
,Question-Scatter Diagram - Answer-A graphic that uses dots to show relationships or
correlations between variables
Question-Flow/Run Chart - Answer-Shows the workflow process
Question-Bar Chart - Answer-Graph of schedule-related info. Example: Measures how many
people are from each state.
Question-Box - Plot - Answer-Used while studying the composition of a data set to examine the
distribution (non - parametric data) uses median and percentiles rather than averages. (Look for
Spread and Median.)
Question-Dependent Variable - Answer-Dependent upon the Independent variable
Question-Independent Variable - Answer-Variable the drives the dependent variable
Question-Range - Answer-Difference between the lowest and highest number in a data set.
Example: 4,6,9,3,7 Range = 9-3 =6
Question-T-Statistic - Answer-Statistic (derived from a sample) used in hypothesis testing.
Determines if 2 sample means are significantly different from each other.
Question-Central Limit Theorem - Answer-Distribution of average of a large number of
independent, identical, variables will be approximately normal. OR the idea that if a large
, enough number of samples is taken, the means of those samples will be normally distributed
around the population mean.
Question-F-Statistic - Answer-Value you get when you run an ANOVA test or a regression
analysis to find out if the means between two populations are significantly different.
Question-ANOVA - Answer-(Analysis of Variance) - Collection of statistical models used to
analyze the differences among group means, (Three or more groups) Compares samples over
different times. Uses same software as regression, but takes multiple sets of data and tries to find
the difference between the groups. At least three groups of data and sees if there is any statistical
value. Used to determine if there is a significant difference among three or more means.
Question-Linear Regression - Answer-Describes data and explains the relationship between one
dependent variable and one more independent variables. Predictive analysis. Linear relationship
between two variables can be measured by its strength
Question-Strong Linear - Answer-Bunch around a straight line
Question-Weak Linear - Answer-Scattered
Question-Negative Linear - Answer-When one values decreases as the other increases
Question-Positive - Answer-When both values increase together.
Question-Correlation Coefficient - Answer-The strength of a linear relationship.
MAKING FINAL LATEST EXAM
WITH ACTUAL QUESTIONS AND
WELL ELABORATED RATIONALES
Question-Multiplication Rule - Answer-A 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
Question-Addition Rule - Answer-A 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.
Question-Combination Rule - Answer-How many combinations can be made.
Question-Bayes Theorem - Answer-Probability 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.
Question-Z-Score - Answer-Data 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.
Question-Variance - Answer-How far a set of numbers are spread. Used for Data set. Hint Words
= Risk, spread.
,Question-Median - Answer-Number halfway into the data set. Hint Word: Typical
Question-Mode - Answer-Number that occurs most often in a data set.
Question-Mean - Answer-Average. Add all numbers and divide.
Question-Standard Deviation - Answer-How spread out the numbers are. Square root of the
variance.
Question-Pareto Chart - Answer-Contains both line and bar graphs. Ordered by frequency of
occurrence that shows how many results were generated by each identified cause.
Question-Cause and Effect Diagram - Answer-Shows the causes of a specific event.
Question-Check Sheet - Answer-Collect data in real time.
Question-Control Chart - Answer-Determines whether a process should undergo a formal exam
for quality.
Question-Histogram - Answer-Graph representing the distribution of numeric data. Measures
how continuous data is distributed over various ranges. Example: Displays how many people fall
in various ranges of height.
,Question-Scatter Diagram - Answer-A graphic that uses dots to show relationships or
correlations between variables
Question-Flow/Run Chart - Answer-Shows the workflow process
Question-Bar Chart - Answer-Graph of schedule-related info. Example: Measures how many
people are from each state.
Question-Box - Plot - Answer-Used while studying the composition of a data set to examine the
distribution (non - parametric data) uses median and percentiles rather than averages. (Look for
Spread and Median.)
Question-Dependent Variable - Answer-Dependent upon the Independent variable
Question-Independent Variable - Answer-Variable the drives the dependent variable
Question-Range - Answer-Difference between the lowest and highest number in a data set.
Example: 4,6,9,3,7 Range = 9-3 =6
Question-T-Statistic - Answer-Statistic (derived from a sample) used in hypothesis testing.
Determines if 2 sample means are significantly different from each other.
Question-Central Limit Theorem - Answer-Distribution of average of a large number of
independent, identical, variables will be approximately normal. OR the idea that if a large
, enough number of samples is taken, the means of those samples will be normally distributed
around the population mean.
Question-F-Statistic - Answer-Value you get when you run an ANOVA test or a regression
analysis to find out if the means between two populations are significantly different.
Question-ANOVA - Answer-(Analysis of Variance) - Collection of statistical models used to
analyze the differences among group means, (Three or more groups) Compares samples over
different times. Uses same software as regression, but takes multiple sets of data and tries to find
the difference between the groups. At least three groups of data and sees if there is any statistical
value. Used to determine if there is a significant difference among three or more means.
Question-Linear Regression - Answer-Describes data and explains the relationship between one
dependent variable and one more independent variables. Predictive analysis. Linear relationship
between two variables can be measured by its strength
Question-Strong Linear - Answer-Bunch around a straight line
Question-Weak Linear - Answer-Scattered
Question-Negative Linear - Answer-When one values decreases as the other increases
Question-Positive - Answer-When both values increase together.
Question-Correlation Coefficient - Answer-The strength of a linear relationship.
