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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
| Regression and Correlation Analysis | - Linear regression modeling - Interpreting correlation and causation |
| Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
| Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
Question 1
What are random errors caused by?
A. Respondents favoring certain outcomes
B. Biased data
C. Unpredictable fluctuations in readings
D. An instrument that needs calibration
Question 2
How is a cause-and-effect diagram used?
A. As a financial risk calculation tool for a new product release
B. To brainstorm possible root causes for an intermittency problem
C. As a software tool to automatically generate a business process diagram
D. To assign blame for manufacturing problems
Question 3
An entrepreneur wants to start a boutique cupcake business based on family recipes shared for three generations. The entrepreneur knows the required costs associated with rent, supplies, utilities, and hourly wages and wants to determine how many cupcakes they need to sell to generate a profit.
Which technique should be used to analyze this data?
A. Crossover analysis
B. Break-even analysis
C. T-test
D. Regression
Question 4
Which performance metric simultaneously accounts for financial, customer, internal process, and learning metrics?
A. Balance sheet
B. Customer complaint report
C. Income statement
D. Balanced scorecard
Question 5
A nonprofit organization is asking for donations. It hopes to design an email campaign that will ensure it receives at least $50,000. The campaign will reach 10,000 donors and receive donations with a mean of $10 and a standard deviation of $5.
Which measure should be used to determine the probability of the campaign receiving $50,000?
A. T-statistic
B. Median
C. R-squared
D. Z-score
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
