WGU C207 Pre-Assessment Exam With 100% Correct Answers

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 risk Which type of data are the Olympic medals of gold, silver and bronze examples of? - answerOrdinal data What are some aspects of data quality management? Choose 2 answers - answerit cleans data it reduces the amount of incomplete data which two attributes indicate potential data quality issues when evaluating a set of nominal data? - answermissing data misspelled data When conducting a study that measures an individuals weight, all scales are calibrated prior to use in measurement. Which type of error should this procedure significantly reduce? - answerSystematic Error An advertising manager creates a research study by presenting low, medium, or high frequency of the same ad in matched markets. The manager then reports on sales in each market location. What is the term for the different sales in this study? - answerThe response variable A healthcare study follows a particular sample over time to identify how the health habits of teenagers impact their likelihood of acquiring various diseases later in their life in the hope that the healthcare organization will be able to create early prevention programs. Which type of research design does this study describe - answercohort study Several missing values in a particular field in a dataset were observed. The likelihood of a record having a missing value is correlated to another variable in the dataset. Which two types of error might be introduced into the dataset if the removed record included missing values? Choose 2 answers. - answerOmission error typographical error A company is trying to increase its online sales revenue by improving its e-mail campaign for repeat customers as well as new customers. Which two variables would be used in determining a campaign to maximize revenue gain? Choose 2 answers - answerspending per purchase number of purchases per email A company that raises turkeys is hoping to increase the rate of growth of the birds while controlling the cost of feeding the birds. It has been determined that feeds containing both nutrients and protein can be used. What decision making technique is most appropriate for this company to minimize the cost of feeding the birds. - answerLinear programming Match each action with the appropriate statistical procedure Answer options may be used more than one or not at all. - answerUnderstand effective marketing to spend advertising dollars efficiently = Correlation Monitor production process= Control Charts Compare outcomes of different drug testing results= ANOVA A researcher concludes that bananas create healthy children because the researcher's notes indicate that children who eat a banana every day are healthy What misuse of statistics would this study be an example of if these children also eat a balanced diet and exercise daily? - answerconfusion of association and casualty In the month of December, there is a str