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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Decision Making Models | - Decision trees and expected value analysis - Risk and uncertainty in decision-making |
| Topic 2: Hypothesis Testing | - t-tests, chi-square tests, and significance testing - Null and alternative hypotheses |
| Topic 3: Regression and Correlation Analysis | - Interpreting correlation and causation - Linear regression modeling |
| Topic 4: Data Fundamentals and Business Analytics | - Descriptive statistics (mean, median, variance, standard deviation) - Data types and data collection methods |
| Topic 5: Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. What must be analyzed using powerful analytic tools?
A) Small, independent data sets
B) Big data
C) Inferential statistics
D) Data analysis results
2. 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?
A) Net promoter score
B) KPI dashboard
C) Results-based management
D) Balanced scorecard
3. What does prevalence measure when studying disease frequency?
A) Only past cases of a disease
B) All existing cases of a disease
C) Only new cases of a disease
D) Potential future cases of a disease
4. Why would a human resources department use both mean and median when doing a salary evaluation of a department?
A) A large difference between mean and median shows that some employees need raises.
B) A large difference between mean and median shows there are outliers to assess.
C) A large difference between mean and median shows a miscalculation in the analysis.
D) A large difference between mean and median shows an abnormal standard deviation.
5. How should a marketing consulting firm perform a cluster analysis for a new granola bar?
A) Determine the different segments or groups to target
B) Determine the reasons for consumer granola bar purchases
C) Determine whether there are any granola bar sales trends
D) Determine competitor benchmarks and forecasts for comparison
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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