WGU C207 STUDY GUIDE MODULE 3 & 4 QUESTIONS AND ANSWERS ALREADY PASSED

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WGU C207 STUDY GUIDE MODULE 3 & 4 QUESTIONS AND ANSWERS ALREADY PASSED trend ✔✔is a general direction in which something is developing or changing analysis of variance (ANOVA) ✔✔verifies i... f multiple populations of data are the same or at least one is different than the others. cyclicality ✔✔describes results that go up and down periodically, but don't necessarily follow the calendar homoscedasticity ✔✔assumes that the variance of a dependent variable is consistent across the range of values median ✔✔is the midpoint value of a group of measurements statistical population ✔✔is a group of observations that have something in common mean ✔✔is the average of a group of measurements heteroscedasticity ✔✔is the assumption that the variance of a dependent variable changes across the range of values dependent variable ✔✔is calculated from the value of the other variables in an equation irregularity ✔✔occurs when there is a one-time unusual measurement in a process seasonality ✔✔describes variability in a process that occurs at the same time of year each year autocorrelation ✔✔describes events whose probability of occurring depends upon the events that occurred previously random variation ✔✔describes the variability that occurs in events for which we have no explanation independent variable ✔✔is a variable in an equation to which we can assign a specific value outlier ✔✔is a measurement that is very different than other measurements of similar events mode ✔✔is the most common measurement of a group of events T ✔✔Linear Programming finds a maximum or minimum solutions in a situation that has various constraints T ✔✔If we are analyzing which among three equipment options for a new office would be the best choice, we might use Crossover Analysis F ✔✔In a Crossover Analysis considering three options, every crossover point is essential to our analysis F ✔✔Break-even Analysis requires only fixed and variable cost information F ✔✔The Mean can be found on the left, middle or right portions of a Normal Curve T ✔✔The Average and the Mean are synonyms [Show More]

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