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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Decision Making Models | - Decision trees and expected value analysis - Risk and uncertainty in decision-making |
| Data Fundamentals and Business Analytics | - Descriptive statistics (mean, median, variance, standard deviation) - Data types and data collection methods |
| Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
| Regression and Correlation Analysis | - Interpreting correlation and causation - Linear regression modeling |
| Probability and Statistical Inference | - Sampling methods and sampling error - Probability concepts and distributions |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
What is a statistical process control procedure for a drill manufacturer?
- A. Forecasting future consumer demand for its drills
- B. Determining the different market segments for its drills
- C. Determining whether the weight of selected drills is within a tolerable range
- D. Implementing collaborative planning forecasting and replenishment
Correct Answer: C 🗳️
Explanation: Only visible for ValidExam members. You can sign-up / login (it's free).
What is a basic assumption of a z-score?
- A. Outlier data points are critical to a z-score calculation.
- B. The mean is equal to zero with a standard deviation of 2.
- C. Outlier data points must be eliminated from a z-score calculation.
- D. The mean is equal to zero with a standard deviation of 1.
Correct Answer: D 🗳️
Explanation: Only visible for ValidExam members. You can sign-up / login (it's free).
Two vendors sell a dozen raw materials that a company needs to build its products. Which type of analysis should be used to determine if one of the vendors has a better average price at a given point in time?
- A. Graphical analysis
- B. Heuristic analysis
- C. Background analysis
- D. Data analysis
Correct Answer: D 🗳️
Explanation: Only visible for ValidExam members. You can sign-up / login (it's free).
A nonprofit organization is asking for donations. It hopes to design an email campaign that will ensure it receives at least $50,000. The campaign will reach 10,000 donors and receive donations with a mean of $10 and a standard deviation of $5.
Which measure should be used to determine the probability of the campaign receiving $50,000?
- A. Z-score
- B. R-squared
- C. T-statistic
- D. Median
Correct Answer: A 🗳️
Explanation: Only visible for ValidExam members. You can sign-up / login (it's free).
Why is quantitative analysis important to the decision-making process?
- A. It increases the experience of top management.
- B. It provides definable metric-analysis surveys.
- C. It creates a risk-management dashboard.
- D. It examines and describes large sets of data.
Correct Answer: D 🗳️
Explanation: Only visible for ValidExam members. You can sign-up / login (it's free).
