WGU C207 DATA DRIVEN DECISION MAKING
OBJECTIVE ASSESSMENT (VERIFIED
DETAILED SOLUTIONS) GRADED A
What is a description of data mining?
Answer-It
... [Show More] discovers patterns or trends in large data sets.
Which common analytic measure is used to improve
business performance?
Answer-Simple composite index
A national manufacturer is building an overseas factory to
be closer to one of its largest markets. Which analysis
technique would be appropriate when evaluating location
options under risk in order to strengthen the firm's
competitiveness in the new market?
Answer-Developing a decision tree
What is the most important analytic to determine the
success or failure of a particular year's flu vaccine?
Answer-Incidence accounting for all new cases
The management for Hospital A conducted a survey of it
patients' opinions including gathering demographic data
to determine which programs should be pursued during
the upcoming fiscal year. Upon analyzing the response on
the need for a cosmetic surgery program for the hospital,
it was found that there was an r score of0.75, and a p of
0.03 between a patient's income level and support for the
creation of a cosmetic surgery department. Which
statement provides an effective strategic decision based
on an analysis of the given information?
Answer-There is a strong positive relationship for a
cosmetic surgery program as a function of income, and
this program should be developed in high income areas.
What does Ture Score Theory state about a test without
systematic error?
Answer-The observed score is the true score plus random
error.
The average test score of students taking an exam was
70% with a standard deviation of 8.5%. Which tool should
be used to compare a student's score to the group
average? Answer-Z-score
What is true of cost-effective analysis?
Answer-It analyzes the cost of achieving a quantifiable
goal.
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 decisionmaking 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 [Show Less]