WGU C207

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 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 Exam With 100% Correct Answers 2024/2025 What is the key focus on analysis? - answerTo predict trends using quantitative data. What are the four levels of measurement? - answer1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data - answeris categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordinal data - answeris ranked, but doesn't have a sp...

WGU C207 Exam With 100% Correct Answers 2024/2025 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 objects in some k...

WGU C207 PA Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage; Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying risk ...

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 Now that we've been open for 15 weeks, we want to compare the average weekly sales on Saturday to the average weekly sales on Sunday. Which is the appropriate statistical test? - answert-test We perform a t-test and our p-value is less than 0.05. Should we reject the null? - answerYes. We have a significant difference between the groups. Which statistical test can we use to test a correlation between customers per day and sales per ...

WGU C207 STUDY GUIDE MODULE 3 & 4 Exam With 100% Correct Answers 2024/2025 trend - answeris a general direction in which something is developing or changing analysis of variance (ANOVA) - answerverifies if multiple populations of data are the same or at least one is different than the others. cyclicality - answerdescribes results that go up and down periodically, but don't necessarily follow the calendar homoscedasticity - answerassumes that the variance of a dependent variable is consi...

WGU C207 STUDY GUIDE MODULE 1 & 2 Exam With 100% Correct Answers 2024/2025 Analytics - answeris the discovery, analysis and communication of meaningful patterns in data information bias - answeris a prejudice in data that results when either the respondent or the interviewer have & agenda that affects responses ordinal data - answerplaces data into categories that are ordered by a predetermined criteria interval data - answeris numerical data that is ordered, is equal distance apart & do...

WGU C207 Quiz Exam With 100% Correct Answers 2024/2025 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? - answerPrescriptive What are two reasons for the increasing use of analytics in organizational decision-making? - answerRelatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? - answerBy quantifying ri...

WGU C207 Data Driven Decision Making Quiz Exam With 100% Correct Answers 2024/2025 Activities (RBM stage) - answersecond step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - answerThe argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) - answera technique used to determine if there is a sufficient evidence...