Wgu C207 Data-Driven Decision Making Objective Assessment Detailed Questions And Answers 2022 2023 100% Graded A+

WGU C207 DATA-DRIVEN DECISION MAKING OBJECTIVE ASSESSMENT DETAILED QUESTIONS AND ANSWERS 2022 - 2023 100% GRADED A+WGU C207 DATA-DRIVEN DECISION MAKING OBJECTIVE ASSESSMENT DETAILED QUESTIONS AND ANSWERS 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? (correct answers)Prescriptive 2. What are two reasons for the increasing use of analytics in organizational decision-making? Choose 2 answers. (correct answers)Relatively lower cost of computer storage Higher computer processing power 3. How does probability theory inform decision-making for managers? (correct answers)By quantifying risk 4. Which type of data are the Olympic medals of gold, silver, and bronze examples of? (correct answers)Ordinal data 5. What are two aspects of data quality management? Choose 2 answers. (correct answers)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. (correct answers)Missing dataMisspelled 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? (correct answers)Systematic error 8. An advertising manager creates a research study