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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Data Fundamentals and Business Analytics | - Descriptive statistics (mean, median, variance, standard deviation) - Data types and data collection methods |
| Topic 2: Decision Making Models | - Decision trees and expected value analysis - Risk and uncertainty in decision-making |
| Topic 3: Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Topic 4: Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
| Topic 5: Regression and Correlation Analysis | - Linear regression modeling - Interpreting correlation and causation |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
What are two benefits of good data quality management in improving business decision-making?
Choose 2 answers.
- A. It begins the statistical process faster.
- B. It mitigates undetected errors from the data-entry process.
- C. It guarantees that a sample will be statistically significant.
- D. It ensures there are no missing data points.
Correct Answer: B,D 🗳️
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Which input could be used to create and evaluate a process that would improve an organization's performance?
- A. Data gathered from a customer survey
- B. Rules and regulations imposed on the banking industry
- C. Information from an employee handbook
- D. Suggestions from a close competitor
Correct Answer: A 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
Research data indicate 95% confidence in a study in which subjects who were shown a product advertisement exhibited brand awareness compared to a control group who did not see the advertisement.
What can be concluded from this study?
- A. Five percent of the subjects did not like the advertisement.
- B. The advertisement was effective in increasing sales.
- C. The advertisement was effective in building brand awareness.
- D. Ninety-five percent of the subjects liked the brand.
Correct Answer: C 🗳️
What is the primary goal of Six Sigma?
- A. Fostering a commitment to continuous improvement
- B. Furthering a commitment to the SIPOC process
- C. Demonstrating strong management leadership
- D. Providing collaborative planning, forecasting, and replenishment
Correct Answer: A 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
A company runs a regression analysis to identify the impact of volume on demand, which can be shown as an equation y = 50x + 10. Which volume is needed to produce a demand of 10,510?
- A. 525
- B. 525,610
- C. 208
- D. 210
Correct Answer: D 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
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