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WGU C207 Data-Driven Decision Making Questions and Answers (2024 / 2025) (Verified Answers)PDF
Examen • 67
páginas
• 2024
1.	Define analytics

ANS Turning information into knowledge and developing fact based strategies to gain a competitive edge.

2.	Descriptive/Diagnostic analytics

ANS Encompasses the set of techniques that de- scribes what has happened in the past.

3.	Predictive analytics

ANS Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another.

4.	Prescriptive analytics

ANS Decision models that indicate the best course of ...
WGU C207 Data-Driven Decision Making Questions and Answers (2024 / 2025) (Verified Answers)PDF
Última actualización de este documento:
hace
1.	Define analytics

ANS Turning information into knowledge and developing fact based strategies to gain a competitive edge.

2.	Descriptive/Diagnostic analytics

ANS Encompasses the set of techniques that de- scribes what has happened in the past.

3.	Predictive analytics

ANS Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another.

4.	Prescriptive analytics

ANS Decision models that indicate the best course of ...
WGU C207 Modules 1 – 6 Exam Prep Questions And Answers (Answered)



Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model?

Davenport-Kim three-stage model

In which stage of the Davenport-Kim model is problem recognition?

Framing the problem

In which stage of the Davenport-Kim model is data collection?

Solving the problem

What is a key reason we study statistics?

To make informed decisions

Visually presenting the data assists in which ...
WGU C207 Modules 1 – 6 Exam Prep Questions And Answers (Answered)
Última actualización de este documento:
hace
WGU C207 Modules 1 – 6 Exam Prep Questions And Answers (Answered)



Frame the Problem, Solving the Problem and Communicating Results are part of which decision making model?

Davenport-Kim three-stage model

In which stage of the Davenport-Kim model is problem recognition?

Framing the problem

In which stage of the Davenport-Kim model is data collection?

Solving the problem

What is a key reason we study statistics?

To make informed decisions

Visually presenting the data assists in which ...
WGU C207 Pre-Assessment Multi Choice Version Data-Driven Decision Making (PVPC) (Answered 2022/2023)
Examen • 15
páginas
• 2024
WGU C207 Pre-Assessment Multi Choice Version Data-Driven Decision Making (PVPC) (Answered 2022/2023)





Analytics is a broad term that refers to a variety of tools that inform managerial decisions.



Which term can be used to describe managerial decisions?

a. Prescriptive

b. Predictive

c. Pareto chart

d. Biased

a



What are two reasons for the increasing use of analytics in organizational decision making?

a. Relatively lower cost of computer storage

b. Lower availability of statistica...
WGU C207 Pre-Assessment Multi Choice Version Data-Driven Decision Making (PVPC) (Answered 2022/2023)
Última actualización de este documento:
hace
WGU C207 Pre-Assessment Multi Choice Version Data-Driven Decision Making (PVPC) (Answered 2022/2023)





Analytics is a broad term that refers to a variety of tools that inform managerial decisions.



Which term can be used to describe managerial decisions?

a. Prescriptive

b. Predictive

c. Pareto chart

d. Biased

a



What are two reasons for the increasing use of analytics in organizational decision making?

a. Relatively lower cost of computer storage

b. Lower availability of statistica...
WGU C207 Data Driven Decision Making Exam With 100% Correct Answers
Examen • 6
páginas
• 2024
Disponible en paquete
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 a...
WGU C207 Data Driven Decision Making Exam With 100% Correct Answers
Última actualización de este documento:
hace
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 a...
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WGU C207 Module Quizzes Multi Choice Version Data-Driven Decision Making Exam Questions and Answers 100% Solved 2024
Examen • 19
páginas
• 2024
Disponible en paquete
WGU C207 Module Quizzes Multi Choice

Version Data-Driven Decision Making Exam

Questions and Answers 100% Solved 2024

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 - answerb

A manufacturer wants to maximize their factory output while specifically minimizing labor

costs. What type of analytics might they employ to achieve t...
WGU C207 Module Quizzes Multi Choice Version Data-Driven Decision Making Exam Questions and Answers 100% Solved 2024
Última actualización de este documento:
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WGU C207 Module Quizzes Multi Choice

Version Data-Driven Decision Making Exam

Questions and Answers 100% Solved 2024

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 - answerb

A manufacturer wants to maximize their factory output while specifically minimizing labor

costs. What type of analytics might they employ to achieve t...
WGU C207 AO Exam Questions And Answers With 100% Correct Answers
Examen • 10
páginas
• 2024
Disponible en paquete
WGU C207 AO Exam Questions And

Answers With 100% Correct Answers

Prescriptive - answerAnalytics is a broad term that refers to a variety of tools that inform

managerial decisions.

Which term can be used to describe managerial decisions

Relatively lower cost of computer storage

Higher computer processing power - answerWhat are two reasons for the increasing use of

analytics in organizational decision making?

Choose 2 answers

By quantifying risk - answerIn what way does probability theory...
WGU C207 AO Exam Questions And Answers With 100% Correct Answers
Última actualización de este documento:
hace
WGU C207 AO Exam Questions And

Answers With 100% Correct Answers

Prescriptive - answerAnalytics is a broad term that refers to a variety of tools that inform

managerial decisions.

Which term can be used to describe managerial decisions

Relatively lower cost of computer storage

Higher computer processing power - answerWhat are two reasons for the increasing use of

analytics in organizational decision making?

Choose 2 answers

By quantifying risk - answerIn what way does probability theory...
WGU C207 Exam Questions And Answers With 100% Correct Answers
Examen • 5
páginas
• 2024
Disponible en paquete
WGU C207 Exam Questions And Answers

With 100% Correct Answers

There are two types of statistics (Analytics) - answerdescriptive and inferential

Descriptive statistics are used to ______ - answerInform / Explanatory

Inferential statistics are used to ______ - answerPredict / Trend

Name the 4 levels of measurement - answer(NOIR) Nominal, Ordinal, Interval, Ratio

Continuous data with unique zero point - answerratio

Orders data at equal distance apart - answerinterval

Place qualitative objec...
WGU C207 Exam Questions And Answers With 100% Correct Answers
Última actualización de este documento:
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WGU C207 Exam Questions And Answers

With 100% Correct Answers

There are two types of statistics (Analytics) - answerdescriptive and inferential

Descriptive statistics are used to ______ - answerInform / Explanatory

Inferential statistics are used to ______ - answerPredict / Trend

Name the 4 levels of measurement - answer(NOIR) Nominal, Ordinal, Interval, Ratio

Continuous data with unique zero point - answerratio

Orders data at equal distance apart - answerinterval

Place qualitative objec...
WGU C207 Pre Assessment Study Guide Exam With 100% Correct Answers
Examen • 4
páginas
• 2024
Disponible en paquete
WGU C207 Pre Assessment Study Guide

Exam With 100% Correct Answers

Which term can be used to describe managerial decisions? - answerPrescriptive

2 reasons for the increase in use of analytics in organizational decision making? - answer1.

Relatively low cost of computer storage

2. Higher computer processing power

How does probability theory inform decision-making for managers? - answerBy quantifying

risk

Which type of data are the Olympic medals of gold, silver, and bronze examples of? -
...
WGU C207 Pre Assessment Study Guide Exam With 100% Correct Answers
Última actualización de este documento:
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WGU C207 Pre Assessment Study Guide

Exam With 100% Correct Answers

Which term can be used to describe managerial decisions? - answerPrescriptive

2 reasons for the increase in use of analytics in organizational decision making? - answer1.

Relatively low cost of computer storage

2. Higher computer processing power

How does probability theory inform decision-making for managers? - answerBy quantifying

risk

Which type of data are the Olympic medals of gold, silver, and bronze examples of? -
...
WGU C207 Pre-Assessment Exam With 100% Correct Answers
Examen • 8
páginas
• 2024
Disponible en paquete
WGU C207 Pre-Assessment Exam With

100% Correct Answers

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which

term can be used to describe managerial decisions? - answerPredictive

What are two reasons for the increasing use of analytics in organizational decision making? -

answerRelatively lower cost of computer storage

Higher computer processing power

In what way does probability theory inform decision-making for managers? -

answerquantifying...
WGU C207 Pre-Assessment Exam With 100% Correct Answers
Última actualización de este documento:
hace
WGU C207 Pre-Assessment Exam With

100% Correct Answers

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which

term can be used to describe managerial decisions? - answerPredictive

What are two reasons for the increasing use of analytics in organizational decision making? -

answerRelatively lower cost of computer storage

Higher computer processing power

In what way does probability theory inform decision-making for managers? -

answerquantifying...
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