WGU Data Driven Decision Making -
C207 Complete Solutions
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 sample
Analysis of Variance (ANOVA) Ans- a technique used to determine if there is a sufficient
evidence from sample data of 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.
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 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 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
C207 Complete Solutions
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 sample
Analysis of Variance (ANOVA) Ans- a technique used to determine if there is a sufficient
evidence from sample data of 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.
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 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 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
