WGU C207 Data Driven Decision Making (WGUC207)

Results-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance life-cycle approach CORRECT ANSWERS: dynamic, iterative process of incorporating changes in a project (or organization) over time by responding to feedback and adding new technology and new capabilities Input CORRECT ANSWERS: The first step of RBM is to define the resources, human or financial, used by the RBM system. This could include the people who are doin...

Activities (RBM stage) CORRECT ANSWERS: second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis CORRECT ANSWERS: The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) CORRECT ANSWERS: a technique used to determine if there is a sufficient evidence from sample data of three or more populations to concl...

Results-based management (RBM)* CORRECT ANSWERS: management strategy that uses results as the central measurement of performance Assess: What is the current situation? Think: What caused it? Who is involved? Envision: What are we going to achieve? Plan: How are we going to do it? With whom? When? With what resources? Do: Get it done. How is it going? Do we need to adapt? Review: What went well/badly? What can we learn for next time? life-cycle approach CORRECT ANSWERS: dynamic, iterati...

α CORRECT ANSWERS: The lower case Greek letter "alpha" β CORRECT ANSWERS: The lower case Greek letter "beta" δ CORRECT ANSWERS: The lower case Greek letter "delta" γ CORRECT ANSWERS: The lower case Greek letter "gamma" θ CORRECT ANSWERS: The lower case Greek letter "theta" addition CORRECT ANSWERS: In sculpture, the process of adding or combining material. algebraic equation CORRECT ANSWERS: Any equation that contains variables, constants, or mathematical ...

Affinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it compares the variation within a sample to the variation between samples to see if any differences are the result of some contributing factor or if the differences occur by chance alone. Attribute ...

Option ranking CORRECT ANSWERS: An indicator that explains how well an option will satisfy a criterion in a prioritization matrix. Pareto Chart [Tool] CORRECT ANSWERS: A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause. Plan-Do-Check-Act Cycle CORRECT ANSWERS: A four-step method that practitioners use to create plans to solve a problem (Plan), run an experiment to see if the plan will work (Do), check the experiment resul...

Descriptive CORRECT ANSWERS: Past data only; Not predicting or optimizing Predictive CORRECT ANSWERS: Past to predict the future; Predicting, no optimizing Prescriptive CORRECT ANSWERS: Past to predict the future and optimizing Omission CORRECT ANSWERS: Missing information Out of Range CORRECT ANSWERS: Doesn't match the data or not true Reliable CORRECT ANSWERS: Constant and repeatable. A measure of the instrument Valid CORRECT ANSWERS: Measures what is intended to be m...

Affinity diagram CORRECT ANSWERS: A tool that helps teams sort verbal data or ideas into categories for further investigation or evaluation. Analysis of Variance (ANOVA) CORRECT ANSWERS: A statistical method that helps identify the sources of variability by comparing their means or averages; it compares the variation within a sample to the variation between samples to see if any differences are the result of some contributing factor or if the differences occur by chance alone. Attribute ...

Data Management CORRECT ANSWERS: The management, including cleaning and storage, of collected data Regression Analysis CORRECT ANSWERS: A statistical analysis tool that quantifies the relationship between a dependent variable and one or more independent variables Dependent Variable CORRECT ANSWERS: The variable whose value depends on one or more variables in the equation; typically the cost or activity to be predicted Independent Variable CORRECT ANSWERS: The variable presumed to in...

Z-Score CORRECT ANSWERS: 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 CORRECT ANSWERS: How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule CORRECT ANSWERS: A method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the...