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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Forecasting & trend analysis - Interpreting coefficients, R-squared, significance |
| Decision Models & Prescriptive Analytics | 15% | - Quality & process improvement tools - Optimization, sensitivity analysis - Decision trees, payoff matrices, expected value |
| Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Types of analytics: descriptive, predictive, prescriptive - Role of data in business decisions |
| Statistical Concepts & Descriptive Analytics | 25% | - Data types, measurement scales, sampling methods - Data visualization: charts, graphs, dashboards - Measures of central tendency, dispersion, distribution |
| Probability & Statistical Inference | 20% | - Correlation vs. causation - Hypothesis testing, p-values, confidence intervals - Probability rules, distributions, expected value |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
Which input could be used to create and evaluate a process that would improve an organization's performance?
- A. Rules and regulations imposed on the banking industry
- B. Data gathered from a customer survey
- C. Suggestions from a close competitor
- D. Information from an employee handbook
Correct Answer: B 🗳️
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A laboratory uses a graduated cylinder to measure liquid volume in metric units. Which type of experimental design is this laboratory implementing?
- A. Precision research
- B. Qualitative research
- C. Quantitative research
- D. Development research
Correct Answer: C 🗳️
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Which two results occur when the null hypothesis is accepted using an F-test?
Choose 2 answers.
- A. There appears to be a difference between the two samples.
- B. The test statistic is less than the critical value.
- C. The test statistic is greater than the critical value.
- D. There appears to be no difference between the two samples.
Correct Answer: B,D 🗳️
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How should a marketing consulting firm perform a cluster analysis for a new granola bar?
- A. Determine whether there are any granola bar sales trends
- B. Determine the reasons for consumer granola bar purchases
- C. Determine competitor benchmarks and forecasts for comparison
- D. Determine the different segments or groups to target
Correct Answer: D 🗳️
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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?
- A. Random error
- B. Measurement bias
- C. Systematic error
- D. Information bias
Correct Answer: C 🗳️
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