WGU C207 DATA-DRIVEN DECISION MAKING OBJECTIVE ASSESSMENT . QUESTIONS WITH CORRECT AND VERIFIED & DETAILED ANSWERS. A+ GRADED.

WGU C207 DATA-DRIVEN DECISION MAKING OBJECTIVE ASSESSMENT . QUESTIONS WITH CORRECT AND VERIFIED & DETAILED ANSWERS. A+ GRADED.   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? (ACCURATE ANS)Prescriptive 2. What are two reasons for the increasing use of analytics in organizational decision-making? Choose 2 answers. (ACCURATE ANS)Relatively lower cost of computer storage Higher computer processing power 3. How does probability theory inform decision-making for managers? (ACCURATE ANS)By quantifying risk 4. Which type of data are the Olympic medals of gold, silver, and bronze examples of? (ACCURATE ANS)Ordinal data 5. What are two aspects of data quality management? Choose 2 answers. (ACCURATE ANS)It reduces the amount of incomplete data. It cleans data. 6. Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Choose 2 answers. (ACCURATE ANS)Missing data Misspelled data 7. 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? (ACCURATE ANS)Systematic error 8. 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? (ACCURATE ANS)Response variable 9. 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. The healthcare organization hopes this data will allow them to create early prevention programs.