WGU C207 Data-Driven
Decision Making Final Exam
Questions Verified Answers Rationales
Statistics and Data Analysis Study
Guide A+
,>>>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?
a. Prescriptive
b. Predictive
c. Pareto chart
d. Biased
- correct answer -
a
>>>What are two reasons for the increasing use of analytics in organizational
decision making?
a. Relatively lower cost of computer storage
b. Lower availability of statistical experts
c. Higher cost of obtaining data
d. Higher computer processing power
- correct answer -
a, d
>>>In what way does probability theory inform decision-making for managers?
a. By quantifying risk
b. By quantifying data
c. By quantifying quality
,d. By quantifying costs
- correct answer -
a
>>>Which type of data are the Olympic medals of gold, silver, and bronze
examples of?
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data
- correct answer -
b
>>>What are two aspects of data quality management?
a. It calculates spurious data.
b. It reduces the amount of incomplete data.
c. It monitors data input rates.
d. It cleans data.
- correct answer -
b, d
>>>Which two attributes indicate potential data quality issues when evaluating
a set of nominal data?
a. Outlier data
b. Missing data
, c. Out-of-range data
d. Misspelled data
- correct answer -
b, d
>>>When conducting a study that measures an individual's weight, all scales
are calibrated prior to use in measurement. Which type of error should this
procedure significantly reduce?
a. Systematic error
b. Omission error
c. Random error
d. Information error
- correct answer -
a
>>>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?
a. The experimental unit
b. The treatment
c. The response variable
d. The intervention
- correct answer -
c
Decision Making Final Exam
Questions Verified Answers Rationales
Statistics and Data Analysis Study
Guide A+
,>>>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?
a. Prescriptive
b. Predictive
c. Pareto chart
d. Biased
- correct answer -
a
>>>What are two reasons for the increasing use of analytics in organizational
decision making?
a. Relatively lower cost of computer storage
b. Lower availability of statistical experts
c. Higher cost of obtaining data
d. Higher computer processing power
- correct answer -
a, d
>>>In what way does probability theory inform decision-making for managers?
a. By quantifying risk
b. By quantifying data
c. By quantifying quality
,d. By quantifying costs
- correct answer -
a
>>>Which type of data are the Olympic medals of gold, silver, and bronze
examples of?
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data
- correct answer -
b
>>>What are two aspects of data quality management?
a. It calculates spurious data.
b. It reduces the amount of incomplete data.
c. It monitors data input rates.
d. It cleans data.
- correct answer -
b, d
>>>Which two attributes indicate potential data quality issues when evaluating
a set of nominal data?
a. Outlier data
b. Missing data
, c. Out-of-range data
d. Misspelled data
- correct answer -
b, d
>>>When conducting a study that measures an individual's weight, all scales
are calibrated prior to use in measurement. Which type of error should this
procedure significantly reduce?
a. Systematic error
b. Omission error
c. Random error
d. Information error
- correct answer -
a
>>>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?
a. The experimental unit
b. The treatment
c. The response variable
d. The intervention
- correct answer -
c
