WGU C207 Data Driven Decision Making (WGUC207)

WGU C207 PreAssessmet Exam Questions With Answers Latest 2023/2024 (GRADED).

Multiplication Rule - correct 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 Addition Rule - correct 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 H...

An educator collects eighth grade math scores from a local school and used this data to recommend curriculum changes for grades 8 - 12. What misuse of statistics may the educator have used in making this recommendation? (correct answers)Not a representative sample An economist wishes to study the distribution of household income in a Midwestern city. He randomly selects a sample from 12 households. He notices two large incomes in his sample. Which measure best represents the middle of the i...

Which term can be used to describe managerial decisions Relatively lower cost of computer storage Higher computer processing power - Answer What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers By quantifying risk - Answer In what way does probability theory inform decision-making for managers? Ordinal data - Answer Which type of data are the Olympic medals of gold, silver, and bronze examples of? It reduces the amount of incomplete...

W.G.U C207 Data Driven Decision Making Exam Review

W.G.U C207 Data Driven Decision Making Express Cohort

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. Variance - answer How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. 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 e...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - answer b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytic...