WGU C207 Data Driven Decision Making OBJECTIVE ASSESSMENT
Analytics is a broad term that refers to a variety of tools that inform
managerial decisions.-ANSWER--Prescriptive
What are two reasons for the increasing use of analytics in
organizational decision making?-ANSWER--Relatively lower cost of
computer storage
Higher computer processing power
In what way does probability theory inform decision-making for
managers?-ANSWER--By quantifying risk
Which type of data are the Olympic medals of gold, silver, and bronze
examples of? -ANSWER--Ordinal data
What are some of the aspects of data quality management?-ANSWER-
-It cleans data
It reduces the amount of incomplete data.
Which two attributes indicate potential data quality issues when
evaluating a set of nominal data?-ANSWER--Missing data
Misspelled data
, 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?-ANSWER--Systematic error
An advertising manager creates a research study by presenting low,medium,
or high frequency of the same ad in matched markets. The manager reports on
sales in each market location. What is the term for the different sales in this
study? - ANSWER--The response variable
A healthcare study follows a particular sample over time to identify how the
health habits of teenagers impart 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?-ANSWER--Cohort Study
Several missing values in a particular field in a dataset were observed.The
likelihood of a records 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?-ANSWER--Omission Error
Systematic Error
Analytics is a broad term that refers to a variety of tools that inform
managerial decisions.-ANSWER--Prescriptive
What are two reasons for the increasing use of analytics in
organizational decision making?-ANSWER--Relatively lower cost of
computer storage
Higher computer processing power
In what way does probability theory inform decision-making for
managers?-ANSWER--By quantifying risk
Which type of data are the Olympic medals of gold, silver, and bronze
examples of? -ANSWER--Ordinal data
What are some of the aspects of data quality management?-ANSWER-
-It cleans data
It reduces the amount of incomplete data.
Which two attributes indicate potential data quality issues when
evaluating a set of nominal data?-ANSWER--Missing data
Misspelled data
, 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?-ANSWER--Systematic error
An advertising manager creates a research study by presenting low,medium,
or high frequency of the same ad in matched markets. The manager reports on
sales in each market location. What is the term for the different sales in this
study? - ANSWER--The response variable
A healthcare study follows a particular sample over time to identify how the
health habits of teenagers impart 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?-ANSWER--Cohort Study
Several missing values in a particular field in a dataset were observed.The
likelihood of a records 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?-ANSWER--Omission Error
Systematic Error
