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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
| Topic 2: Hypothesis Testing | - t-tests, chi-square tests, and significance testing - Null and alternative hypotheses |
| Topic 3: Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Topic 4: Regression and Correlation Analysis | - Interpreting correlation and causation - Linear regression modeling |
| Topic 5: Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. A county government is creating a budget for the next fiscal year. They wish to use analytics to guide their decisions about costs. Which analytic method can the county apply to this issue?
A) Average cost per project spent by other similar counties
B) Median number of projects completed last year
C) Average number of projects completed
D) Median cost for all county projects
2. A retail manager collected the following sales-receipt totals from the store's cashiers:
$25, $22, $48, $42, $32, $28, $24, $54, $34, $41, $48
What is the median of this sales-receipt data?
A) $34
B) $41
C) $25
D) $48
3. A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
A) By conducting best practices research regarding audit performance
B) By analyzing budgetary impacts of county contracts
C) By benchmarking similar strategies of other counties
D) By aligning fund allocations with the number of department employees
4. 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) KPI dashboard
B) Net promoter score
C) Results-based management
D) Balanced scorecard
5. Which type of study is also known as a quasi-experimental study?
A) Observational study
B) Content validity
C) Blind study
D) Hypothesis testing
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
