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WGU Data Driven Decision Making - C207 Questions and Answers (100% Correct Answers) Already Graded A+

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WGU Data Driven Decision Making - C207
Questions and Answers (100% Correct
Answers) Already Graded A+
Activities (RBM stage) [ ANS: ] second step involves the process
that converts inputs to outputs (actions necessary to produces
results - training, evaluating, developing)

Alternative hypothesis [ ANS: ] The argument that either a sample
is not equal to, greater than, or less than the hypothesized null
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sample

Analysis of Variance (ANOVA) [ ANS: ] a technique used to
determine if there is a sufficient evidence from sample data of
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three or more populations to conclude that the means of the
population are not all equal

Analytics [ ANS: ] The discovery, analysis, and communication of
meaningful patterns in data.

Autocorrelation [ ANS: ] A relationship between two variables that
is inherently non-linear

Balanced Scorecard [ ANS: ] An approach using multiple
measures to evaluate performance, including financial measures,
and the non-financial measures of customers, internal business
processes, and learning and growth.

Bar chart [ ANS: ] A graph that measures the distribution of data
over discrete groups or categories.

Benchmarks [ ANS: ] Standards or points of reference for an
industry or sector that can be used for comparison and
evaluation.

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Big Data [ ANS: ] very large amounts of data; an all-encompassing
term for any collection of data sets so large and complex that it
becomes difficult to process them using traditional data
processing applications

Blind Study [ ANS: ] A study performed where the participants are
not told if they are in the treatment group or control group

body mass index (BMI) [ ANS: ] A measure, based on a person's
weight and height, that is used to classify people as underweight
or overweight.

Business process [ ANS: ] A sequence of logically related and time
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based work activities to provide a specific output for a customer.

Central Limit Theorem [ ANS: ] A theorem that states that, the
greater the sample, the closer the mean of the sample is to the
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entire population and the more the results will look like a normal
distribution

Cluster Analysis [ ANS: ] The process of arranging terms or values
based on different variables into "natural" groups

Cointegration [ ANS: ] Occurs when two time series are moving
with a common pattern due to a connection between the two
time series

Combination [ ANS: ] The number of different unordered
possibilities for a certain situation.

Complement [ ANS: ] The occurrence of an event not happening,
the opposite

Confidence interval [ ANS: ] An interval estimate used to indicate
reliability

Continuous Data [ ANS: ] Data that can lay along any point in a
range of data

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