Wgu c207 oa Study guides, Class notes & Summaries

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 Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, si...

WGU C207 OA Partial test Questions with Answers What are the two potential uses of analytics?  To turn information into insight  To develop fact-based strategies Which two tools help users to understand processes?  Control charts  Flow charts A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add 1mm to each rod. What is the resulting mistake representative of?  Systematic error Which type of result is pr...

WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest 2023 - 2024 Questions and Answers (Verified Answers) WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT Latest 2023 - 2024 Questions and Answers (Verified Answers)

WGU C207 OA DATA DRIVEN DECISION MAKING FINAL EXAM 2024/70 EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS WITH RATIONALES/ALREADY GRADED A+ 1. 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? Prescriptive Descriptive Pareto chart Biased Prescriptive analytics: can make use of current and future projected data to make suggestions and help direct your decisions. Optimization: a prescr...

Simple indexing correct answer: Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index correct answer: assign a weight to allow f...

WGU C207 OA Data Driven Decision Making Questions and Answers (2022/2023) (Verified Answers) GRADED A+

WGU C207 OA EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)A+GRADE