WGU Data Driven Decision Making - C207 (with complete solutions)

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 conclude that the means of the population are not all equal Analytics correct answers The discovery, analysis, and communication of meaningful patterns in data. Autocorrelation correct answers A relationship between two variables that is inherently non-linear Balanced Scorecard correct answers 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 correct answers A graph that measures the distribution of data over discrete groups or categories. Benchmarks correct answers Standards or points of reference for an industry or sector that can be used for comparison and evaluation. Big Data correct answers 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 correct answers A study performed where the participants are not told if they are in the treatment group or control group body mass index (BMI) correct answers A measure, based on a person's weight and height, that is used to classify people as underweight or overweight. Business process correct answers A sequence of logically related and time based work activities to provide a specific output for a customer. Central Limit Theorem correct answers 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