WGU Data Driven Decision Making - C207

Activities (RBM stage) - Answer second step involves the process that converts inputs to outputs (actions necessary to produces results - training, evaluating, developing) Alternative hypothesis - Answer The argument that either a sample is not equal to, greater than, or less than the hypothesized null sample Analysis of Variance (ANOVA) - Answer 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 - Answer The discovery, analysis, and communication of meaningful patterns in data. Autocorrelation - Answer A relationship between two variables that is inherently non-linear Balanced Scorecard - Answer 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 - Answer A graph that measures the distribution of data over discrete groups or categories. Benchmarks - Answer Standards or points of reference for an industry or sector that can be used for comparison and evaluation. Big Data - Answer 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 - Answer A study performed where the participants are not told if they are in the treatment group or control group body mass index (BMI) - Answer A measure, based on a person's weight and height, that is used to classify people as underweight or overweight. Business process - Answer A sequence of logically related and time based work activities to provide a specific output for a customer. Central Limit Theorem - Answer 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 - Answer The process of arranging terms or values based on different variables into "natural" groups Cointegration - Answer Occurs when two time series are moving with a common pattern due to a connection between the two time series Combination - Answer The number of different unordered possibilities for a certain situation.