FREEMANSHARP

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to Analytics A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? Prescriptive Analytics What type of data error that occurs in measurement is constant within a data set and is sometimes caused by faulty equipment or bias? Systemati...

Define analytics Turning information into knowledge and developing fact based strategies to gain a competitive edge. Descriptive/Diagnostic analytics Encompasses the set of techniques that describes what has happened in the past. Predictive analytics Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another. Prescriptive analytics Decision models that indicate the best course of action to take...

Z-Score Data points only. Measurement of a scores relationship to the mean. A statistical measure that indicates the number of standard deviations a data point is from its mean. Variance How far a set of numbers are spread. Used for Data set. Hint Words = Risk, spread. Multiplication Rule A method for finding the probability that both of two events occur. When the probabilities of multiple events are multiplied together to determine the likelihood of all of the events happening....

Descriptive Past data only; Not predicting or optimizing Predictive Past to predict the future; Predicting, no optimizing Prescriptive Past to predict the future and optimizing Omission Missing information Out of Range Doesn't match the data or not true Reliable Constant and repeatable. A measure of the instrument Valid Measures what is intended to be measured Measurement bias Includes representative sample, random, large enough sample ...

What is the key focus on analysis? To predict trends using quantitative data. What are the four levels of measurement? 1. Nominal 2. Ordinal 3. Interval 4. Ratio Nominal data is categorical. It has no numerical value. It's not a number. Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) Ordinal data is ranked, but doesn't have a specific value. Example: -the size of pizza (small, medium, large) ...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytics c ...

WGU Data Driven Decision Making - C207

WGU C963 PACKAGE DEAL

Which election cycle event do delegates assemble at to select a presidential candidate? A nominating convention Preamble to the Constitution We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. Federalist 10 ...

What was a Federalist argument in support of the ratification of the Constitution? A strong national government is better for national defense and economic growth. Which concept was James Madison referencing when he stated, "Ambition must be made to counteract ambition" in Federalist, no. 51? Separation of powers and checks and balances What is a judicial check on the executive branch? The Supreme Court can declare actions by the executive branch unconstitutional. What ...

Natural Rights The right to life, liberty, and property; believed to be given by God; no government may take them away. State of Nature A theory on how people might have lived before societies came into existence. Due Process The requirement that government, when dealing with people, have in place a fair procedure which it equally applies to all. Social Contract An agreement between people and government in which citizens consent to be governed so long as the government ...

Social Contract An agreement between people and government in which citizens consent to being governed so long as the government protects their natural rights. Natural Rights the idea that all humans are born with rights, which include the right to life, liberty, and property State of Nature A theory on how people might have lived before societies came into existence. is a condition in which all of us live individually and solitarily, prior to the existence of society. We are physic...

Marbury v. Madison (1803) Established judicial review. The courts have the power to strike down laws that they find to violate the Constitution. Dred Scott v. Sanford (1857) The Constitution was not meant to include American citizenship for black people. Plessy v. Ferguson (1896) Separate but equal - Racial segregation laws for public facilities are Constitutional as long as the segregated facilities were equal in quality. United States v. Miller (1939) Upheld The National...

New Jersey Plan advocated for equal representation in the national legislature regardless of the size of a state's population in order to ensure that smaller states still had a voice in the government. The Virginia Plan provided for greater representation, but only for some states, while the New Jersey Plan provided for equal representation for all states. During the Constitutional Convention, how did the Virginia Plan differ from the New Jersey Plan? unicameral legislature wit...

Which constitutional amendment allows states to reserve powers? The Tenth Amendment What did the Supreme Court's ruling in Gibbons v. Ogden establish? A loose constructionist interpretation of the commerce clause What describes the importance of the Supreme Court decision in Marbury v. Madison? It established the principle of judicial review. Which amendment provided for the separate election of the president and vice president? The Twelfth Amendment In which cas...

What is it called when people make an agreement between themselves and the government? A social contract According to the social contract theory, what is the origin of society? Society is the product of human desire and effort Which of the following did John Locke view as the most important protections under the social contract? Liberty and property Which of these accurately describes John Locke's view on the state of nature? The state of nature was peaceful and consist...

Which concept is an Enlightenment idea that influenced the leaders of the American Revolution? Social Contract How does the Bill of Rights reflect the influence of the Enlightenment ideas on the Constitution? The Bill of Rights explicitly listed individual freedoms What was a major problem with the Articles of Confederation? The national government did not have the power to impose taxes What describes Clause 3 of Article IV, Section 2 in the constitution? Slave owners co...

1st Amendment (1791) Freedom of religion, assembly, press, petition, and speech 2nd Amendment (1791) Right to bear arms 3rd Amendment (1791) The right not to be forced to quarter soldiers during times of peace without consent of the owner 4th Amendment (1791) Prohibits unreasonable searches or seizures and sets out requirements for search warrants based on probable cause. 5th Amendment (1791) Right to due process, no self-incrimination, eminent domain, double jeo...

Who was responsible for drafting the Bill of Rights and submitting it to Congress? James Madison What was a Federalist argument in support of the ratification of the Constitution? A strong national government is better for national defense and economic growth What best explains why individual members of the Senate have more power than individual members of the House of Representatives? The smaller total number of Senate members compared to the number of representatives Wh...

Major contributors to social contract theory Hobbes, Locke, Reasseau Social Contract Theory We need food, clothing and shelter to survive and nothing should interfere with our ability to obtain them. We may also choose to believe in a god. The belief gives definition to our existance. Therefore it is important we define ourselves as individuals. Enlightenment Influence on Constitution Bill of Rights and the Second Amendment, Ninth Amendment Bill of Rights (Enlightenment) ...