WGU C207 Data-Driven Decision Making Exam (Latest 2023/ 2024 Update) Guide with Verified Answers- 100% Correct
WGU C207 Data-Driven Decision Making
Exam (Latest 2023/ 2024 Update) Guide with
Verified Answers- 100% Correct
Q: The probability that a random variable will be found at a value less than or equal to a given
number
Answer:
Cumulative distributions
Q: A measure of the extent to which customers are satisfied with the products and related
services they received from a supplier.
Answer:
Customer satisfaction
Q: The total elapsed time to move a unit of work from the beginning to the end of a physical
process, as defined by the producer and the customer.
Answer:
Cycle time
Q: Repetition of up (peaks) or down movements (troughs) that follow or counteract a business
cycle that can last several years
Answer:
Cyclicality
Q: The management, including cleaning and storage, of collected data.
Answer:
Data Management
Q: the process of discovering patterns in large data sets; performed on big data to decipher
patterns from these large databases
Answer:
Data Mining
Q: A collection of related data records on a storage device.
Answer:
Data Set
Q: A decision making model developed by Thomas Davenport and Jinho Kim that consists of
three stages: framing the problem, solving the problem, and communicating results
Answer:
Davenport Kim Three Stage Model
Q: The variable whose value depends on one or more variables in the equation; typically the
cost or activity to be predicted
Answer:
Dependent Variable
Q: A category of customer used in the calculation of the Net Promoter Score that indicates an
unhappy customer.
Answer:
Detractor
Q: Data that can only take on whole values and has clear boundaries
Answer:
Discrete Data
Q: A study performed where neither the treatment allocator nor the participant knows which
group the participant is in
Answer:
Double Blind Study
Q: Net income (after taxes) earned in excess of the amount of net income required to earn the
company’s cost of capital.
Answer:
Economic Value Added (EVA)
Q: study of the incidence, distribution and possible control of diseases and other factors relating
to health
Answer:
Epidemiology
Q: An outcome that occurs
Answer:
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