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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 |
| Regression and Correlation Analysis | - Interpreting correlation and causation - Linear regression modeling |
| Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
| Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. Which two tools make it easier to detect an out-of-range error?
Choose 2 answers.
A) Experimental studies
B) Relational databases
C) Spreadsheets
D) Observational studies
2. A firm seeks to sharply reduce sales lead times to enhance sales effectiveness and productivity. Which action should the firm take to accomplish this?
A) Deploy a customer relationship management tool
B) Increase the research and development budget
C) Prepare a media campaign
D) Implement additional quality assurance measures
3. Which performance metric simultaneously accounts for financial, customer, internal process, and learning metrics?
A) Balance sheet
B) Income statement
C) Balanced scorecard
D) Customer complaint report
4. What is the formula for calculating a simple index number?
A) The base year's price divided by the current price times 100
B) The current price divided by the base year's price times 100
C) The current price divided by the base year's price
D) The base year's price divided by the current price
5. A researcher notes that people who exercise daily tend to sleep better. The researcher then asks subjects to keep a sleep diary and record the number of hours they sleep each night. Some diaries have few entries, but the subjects claim they are well rested. Which type of error is represented in this research?
A) Cause-and-effect confusion
B) Lack of blinding
C) Conscious bias
D) Response bias
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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