VPC2 Data-Driven Decision Making C207 Questions and Answers
A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
What is a disadvantage of using a balanced scorecard?
A company’s marketing team tells an analyst that fewer customers are opening emails in the recent email campaign. The analyst interviews a few marketing coordinators and discovers changes were made to the email subject line between the earlier successful email campaign and the recent one. The analyst then uses a statistical technique to compare the email open rates for each campaign. Which step does the comparison of the email open rate represent in the plan-do-check-act cycle?
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?
What is an advantage of a balanced scorecard?
For which situation could a scatter diagram be used?
What are random errors caused by?
How do a run chart and a control chart differ?
Which step in the plan-do-check-act cycle is described as analyzing the results of an experiment and deciding whether those results can be improved?
Which tool should be used to closely monitor inputs and outputs?
What is a basic assumption of a z-score?
Which tool sorts data into categories to help teams identify the most significant factors that contribute the most to problems?
A bakery owner would like to know how many cakes to sell for monthly profit to equal zero. Which analysis method should the owner perform?
Which two statements describe Ishikawa’s seven basic tools of quality?
Choose 2 answers.
What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.
Which term describes a response that appears the greatest number of times compared to other responses in a survey?
A county government must increase trust among voters that their tallying machines are accurately calibrated to count their votes. Each department is tasked with creating an online marketing campaign; however, the budget for these campaigns is limited.
How can the county apply data analytic approaches to allocate funds to each department?
Which input could be used to create and evaluate a process that would improve an organization’s performance?
Which statement is an accurate reflection of an analytical decision made by a for-profit organization?
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?
Why would a human resources department use both mean and median when doing a salary evaluation of a department?
An electronics retailer was presented with in-store signage in two formats. Each branch of the store used the signage that matched its location. An analysis was performed to compare means on sales. Which type of variable do the sales represent?
A hospital hires a third-party company to train its surgery team on the latest techniques and assess the team’s current procedures in the operating room.
Which results-based management (RBM) stage is represented in this scenario?
A company runs a regression analysis to determine sales based on advertising expenditures, which can be shown in a linear equation as y = 2x + 25,000. The company plans to spend $20,000 on advertising.
Which sales figure should the company expect to generate based on the given equation?
Which use of statistics would apply to employees?
What was the cumulative incidence rate during Year 2 at the university?
How should Ishikawa’s seven basic tools of quality be used?
Choose 2 answers.
The daily sales from a salon are normally distributed with a mean of $1,500 and a standard deviation of $250. The salon owner notices that sales were $750 on a particular day.
Why should the owner be concerned about sales based on this scenario?
What is true about outliers?
Choose 2 answers.
Which graphical representation depicts the steps that compose a process?
Which process is designed to proactively prevent a problem?
A digital marketing manager wants to determine whether conversion rates from the company’s latest email campaign are about the same as the industry average or significantly different. Which statistical concept should be used to measure the data set?
A nonprofit organization ran a fundraiser and would like to determine the amount of a typical donation.
Which statistic is less affected by outliers and skewed data and should be used to determine the amount of a typical donation?
A normally distributed data index of vehicle safety ratings has a mean of 100 and a standard deviation of 15. What is the probability that a randomly selected vehicle safety score from the data set will be between 85 and 115?
Which quality management principle should team members apply?
What is a statistical process control procedure for a drill manufacturer?