VPC2Data-Driven Decision MakingC207 Questions and Answers
Two project teams are assigned to upgrade an on-premise data warehouse to a cloud-based data lake in 13 months. The infrastructure team has five team members, while the enterprise analytics team has three team members. The enterprise analytics team cannot move into production until the infrastructure team has completed the migration.
What should be used to find the probability that the project will be completed on time?
A professional services firm is undergoing a business process improvement exercise to improve productivity, staff morale, and client satisfaction while also thinking about the overall long-term financial performance of the company.
Which performance tool would best meet this firm's objectives?
Which two statements describe Ishikawa’s seven basic tools of quality?
Choose 2 answers.
What are two benefits of good data quality management in improving business decision-making?
Choose 2 answers.
What is the basic difference between evaluating costs and benefits in the public and private sectors?
A patient satisfaction survey was conducted at Family Practice A. The average rating of online telemedicine visits was 4.5 out of 5, while in-person visits received a 3.0 out of 5.
Which samples should be used to compare the ratings?
Which type of study is also known as a quasi-experimental study?
Why are sample sizes important for ensuring statistical significance?
Which type of analytics classification uses experimental design and optimization to suggest a course of action?
What is a basic assumption of a z-score?
A retail manager collected the following sales-receipt totals from the store’s cashiers:
$25, $22, $48, $42, $32, $28, $24, $54, $34, $41, $48
What is the median of this sales-receipt data?
How should a marketing consulting firm perform a cluster analysis for a new granola bar?
Which tool should be used to closely monitor inputs and outputs?
A boutique specializing in gifts reviews its sales data over the last year. It observes a slow decline in revenue in the first quarter, a growth in revenue in the second quarter, a slight decline in revenue in the third quarter, and a rapid increase in revenue in the fourth quarter.
Which data pattern type can the sales data be assessed against?
A financial analyst theorizes that commute times increase as the percentage of land availability for homes in a city decreases. To test this hypothesis, the analyst uses a regression analysis to explore how land availability predicts commute time.
What does land availability represent in this regression?
A healthcare organization implements a campaign to improve patient satisfaction during recent stays. The average patient satisfaction before the campaign is M = 4.20, SD = 3.0. Six months after the new campaign, the average patient satisfaction is M = 1.5, SD = 2.0.
Which action should the hospital management team take?
Amusement Park W is in California. Amusement Park X is in Texas. A survey asks 1,000 people living in California if they prefer Amusement Park W or X.
Which problem exists with this survey?
Which analytic used in healthcare is calculated as a proportion of new cases compared to person-time units?
For which situation could a scatter diagram be used?
A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?
A researcher seeks to pass a bond issue and asks a sample of respondents who have a bachelor’s degree if they are voting in favor of the bond because it would be beneficial to the county.
Which type of error does this represent?