WGU C207 DATA DRIVEN DECISION MAKING FINAL EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)AGRADE

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WGU C207 DATA DRIVEN DECISION MAKING FINAL EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)AGRADE What are two reasons for the increasing use... of analytics in organizational decisionmaking?Choose 2 answers. Relatively lower cost of computer storage Lower availability of statistical experts Higher cost of obtaining data Higher computer processing power - ANSWER- Relatively lower cost of computer storage Higher computer processing power How does probability theory inform decision-making for managers? By quantifying risk By quantifying data By quantifying quality By quantifying costs - ANSWER- By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze examples of? Nominal data Ordinal data Interval data Ratio data - ANSWER- Ordinal data What are two aspects of data quality management?Choose 2 answers. It calculates spurious data. It reduces the amount of incomplete data. It monitors data input rates. It cleans data. - ANSWER- It cleans data. Which two attributes indicate potential data quality issues when evaluating a set of nominal data?Choose 2 answers. Outlier data Missing data Out-of-range data Misspelled data - ANSWER- Misspelled data When conducting a study that measures an individual's weight, all scales are calibrated prior to use in measurement.Which type of error should this procedure significantly reduce? Systematic error Omission error Random error Information error - ANSWER- Systematic error An advertising manager creates a research study by presenting low, medium, or high frequency of the same ad in matched markets. The manager then reports on sales in each market location. [Show More]

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