WGU C207 (Latest 2023 - 2024) Actual Questions and Answers 100% Correct

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1. What is the key focus on analysis? Answer: To predict trends using quantitative data. 2. What are the four levels of measurement? Answer: 1. Nominal 2. Ordinal 3. Interval 4. Ratio 3. Nomin... al data Answer: is categorical.It has no numerical value. It's not a number.Examples: -the types of pizza you sell -meatball -veggie -cheese (these are labels, they can't be added or subtracted) 4. Ordinal data Answer: is ranked, but doesn't have a specific value.Example: -the size of pizza (small, medium, large) (we can't add or subtract these but we can put them in sequential order) - order (key word) - no numerical value 5. Interval data Answer: data is numeric.You can add and subtract it. It has a sequentialvalue. Each value is equally spaced from the previous value. Example: - drink sizes are interval (16 oz, 20 oz, 24 oz) they are equally spaced about (4 ozspaced) 6. Ratio data Answer: is numeric.Your sales per day are ratio data.Example" - 10 sales of $12.99 a piece = $129.99(the value has a true value from zero) 7. To challenge the validity and reliability of data, ask two things. Answer: Are there anyoutliers and are there any errors? [Show More]

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