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WGU Data-Driven-Decision-Making Dumps

VPC2Data-Driven Decision MakingC207 Questions and Answers

Question 1

Which element of an experimental study is described as the procedures applied to each subject?

Options:

A.

Responses

B.

Inputs

C.

Treatments

D.

Experimental units

Question 2

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?

Options:

A.

$25

B.

$34

C.

$41

D.

$48

Question 3

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?

Options:

A.

$40,000

B.

$50,000

C.

$65,000

D.

$75,000

Question 4

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?

Options:

A.

Faulty operationalization

B.

Response bias

C.

Confusion of association and causality

D.

Selection bias

Question 5

An entrepreneur wants to start a boutique cupcake business based on family recipes shared for three generations. The entrepreneur knows the required costs associated with rent, supplies, utilities, and hourly wages and wants to determine how many cupcakes they need to sell to generate a profit.

Which technique should be used to analyze this data?

Options:

A.

Crossover analysis

B.

Break-even analysis

C.

T-test

D.

Regression

Question 6

Which tool sorts data into categories to help teams identify the most significant factors that contribute the most to problems?

Options:

A.

Run chart

B.

Flowchart

C.

Pareto chart

D.

Cause chart

Question 7

What is a disadvantage of using a balanced scorecard?

Options:

A.

It requires time and effort to develop a meaningful template.

B.

It does not include a mix of financial and nonfinancial performance measures.

C.

It is expensive to implement effectively within an organization’s operations.

D.

It does not link operations with company strategy.

Question 8

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?

Options:

A.

By measuring the number of voter complaints per department

B.

By benchmarking the voter turnout rates in each county

C.

By surveying the county controllers

D.

By surveying employees on polling strategies

Question 9

Why is choosing appropriate performance indicators important for data-driven decision-making?

Options:

A.

They are a key part of an organization’s rules and bylaws.

B.

They convince employees that they are equally as important as their managers.

C.

They align with an organization’s definition of success.

D.

They satisfy governmental regulations.

Question 10

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?

Options:

A.

It is a control.

B.

It is the dependent variable.

C.

It is the independent variable.

D.

It is the target variable.

Question 11

An organization develops a new strategic plan and seeks ways to improve process performance by reducing variation to only 3.4 defects per million process outputs.

Which tool can the organization use to meet this goal?

Options:

A.

Linear programming

B.

Just-in-time

C.

Statistical process control

D.

Six Sigma

Question 12

Which graphical representation depicts the steps that compose a process?

Options:

A.

Histogram

B.

Control chart

C.

Flowchart

D.

Scatterplot

Question 13

What classifies analytics as descriptive, predictive, or prescriptive?

Options:

A.

The sample size and analysis technique used

B.

The data validity and reliability

C.

The purpose and methods

D.

The kind of software used for the analysis

Question 14

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?

Options:

A.

Sales of $750 are within three standard deviations of the mean.

B.

Sales of $750 are two standard deviations of the mean.

C.

Sales of $750 are outside three standard deviations of the mean.

D.

Sales of $750 are within two standard deviations of the mean.

Question 15

What is the purpose of the quality management principle of dedication to fact-based decision-making?

Options:

A.

Increase loyalty from customers and suppliers.

B.

Increase the effectiveness from quality practices.

C.

Eliminate anything that does not add value.

D.

Reduce bias driven by increased trust in plans.

Question 16

A county government is creating a budget for the next fiscal year. They wish to use analytics to guide their decisions about costs.

Which analytic method can the county apply to this issue?

Options:

A.

Average cost per project spent by other similar counties

B.

Average number of projects completed

C.

Median number of projects completed last year

D.

Median cost for all county projects

Question 17

In an experimental study, researchers are testing a new flea preventive medication on dogs using a blind study. Dogs are treated with the new medication or with a placebo.

Who should know which dogs are given the medication or the placebo for this blind study?

Options:

A.

Only the dog owners

B.

The researchers, the dog owners, and the response gatherers

C.

Only the researchers

D.

Neither the researchers nor the dog owners nor the response gatherers

Question 18

What is an appropriate management use of statistics?

Options:

A.

Understanding the demographics of customers

B.

Ordering product for a region based on one store

C.

Justifying organizational decisions after they have been implemented

D.

Implementing changes based on customer survey response rate

Question 19

Which type of study is also known as a quasi-experimental study?

Options:

A.

Observational study

B.

Blind study

C.

Hypothesis testing

D.

Content validity

Question 20

Which type of analysis determines whether there was a significant difference in the average donor solicitation amount between three nonprofit hospital events?

Options:

A.

Cluster

B.

Time series

C.

Logistic regression

D.

ANOVA

Question 21

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?

Options:

A.

Input

B.

Outcome

C.

Output

D.

Activities

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Total 70 questions