WGUC207 Data-DrivenDecision-MakingOAExam

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WGUC207 Data-DrivenDecision-MakingOAExam Actual QuestionsandVerified Answers 100%Correct| AlreadyGrade 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?O Descriptive O Pareto chart O Biased O Prescriptive Ans>>O Prescriptive

• 2.What are two reasons for the increasing use of analyticsin organizational

decision making? Choose 2 answers.O Higher computer processing power O Higher cost of obtaining data O Relatively lower cost of computer storage O Lower availability of statistical experts Ans>>O Higher computer processing powerO Relatively lower cost of computer storage 1 / 7

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• How does probability theory inform decision-making for managers?

O By quantifying costs O By quantifying quality O By quantifying risk O By quantifying data Ans>>O By quantifying risk

• Which type of data are the Olympic medals of gold, silver, and bronze

examples of?O Ratio data O Interval data O Ordinal data O Nominal data Ans>>O Ordinal data

• What are two aspects of data quality management? Choose2 answers

¡ It cleans data.¡ It reduces the amount of incomplete data.¡ It calculates spurious data.¡ It monitors data input rates Ans>>.¡ It cleans data.¡ It reduces the amount of incomplete data.

• Which two attributes indicate potential data quality issues when evaluat- 2 / 7

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ing a set of nominal data? Choose 2 answers.¡ Out-of-range data ¡ Missing data ¡ Misspelled data ¡ Outlier data Ans>>¡ Missing data ¡ Misspelled data

• 7.When conducting a studythat measures an individual's weight,all scales

are calibrated prior to use in measurement.Which type of error should this procedure significantly reduce?O Systematic error O Omission error O Random error O Information error Ans>>O 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 then reports on sales in each market location.What is the term for thedifferent sales in this study?O Intervention OTreatment 3 / 7

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O Experimental Unit O ResponseVariable Ans>>O Response Variable

• 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.Which type of research design does this study describe?O Systematic study O Cohort study O Double-blind study O Experimental study Ans>>O Cohort study

• 10. Several missing values in a particular field in a dataset were observed.

The likelihood of a record 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?Choose 2 answers.O Typographical error O Random error O Systematic error O Omission error Ans>>O Systematic errorO Omission 4 / 7

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• 11. A company is trying to increase its online sales revenue by improving

its e-mail advertising campaign for repeat customers as well as new cus- tomers. Which two variables would be used in determining a campaign to maximize revenue gain?Choose 2 answers.¡ Spending per purchase ¡ Cost per e-mail ¡ Number of purchases per e-mail ¡ E-mail content Ans>>¡ Spending per purchase ¡ Number of purchases per e-mail

• 12. A company that raises turkeys is hoping to increase the rate of growth

of the turkeys while controlling the cost of feeding them. Ithas determined that feeds containing both nutrients and protein can be used.Which decision-making technique is most appropriate for this company to minimize the cost of feeding the birds?O Correlation O Linear programming O Chi-square O Z-score Ans>>O Linear programming 6 / 7

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• 13. Match each action with the appropriate statistical procedure

Answer options may be used more than once or not at all.¡ Understand effective marketing to spend advertising dollars efficiently ¡ Compare outcomes of different drug testing results ¡ Monitor production process

O ANOVA

O Control Charts O Correlation Ans>>¡ Understand effective marketing to spend advertising dollars effi-ciently O Correlation ¡ Compare outcomes of different drug testing results

O ANOVA

¡ Monitor production process O Control Charts

• 14. A researcher concludes that bananas create healthy children because

the researcher's notes indicate that children who eat a banana every day are healthy.Which misuse of statistics would this study be an example of if these children also eat a balanced diet and exercise daily?O Confusion of association and causality O Faulty operationalization O Unfounded assumptions

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