Multiple choices

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Practice test available

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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. How do analytics help an organization?

A) They assist with investment management.
B) They use data to persuade consumers.
C) They increase employees' use of information systems.
D) They develop fact-based strategies.

2. A company runs a regression analysis to determine sales based on advertising expenditures, which can be shown in a linear equation as y = 2x + 25,000. The company plans to spend $20,000 on advertising.
Which sales figure should the company expect to generate based on the given equation?

A) $65,000
B) $75,000
C) $50,000
D) $40,000

3. A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?

A) Variance
B) Mode
C) Median
D) Z score

4. What is an advantage of a balanced scorecard?

A) It emphasizes strategy and organizational results.
B) It increases the amount of available data to analyze.
C) It requires minimal data.
D) It requires little effort to establish a meaningful dashboard.

5. What results from starting an analysis with flawed data?
Choose 2 answers.

A) Data must be put in a table or a chart so that errors can be more easily detected.
B) Missing data tend to skew the results of the analysis.
C) Spreadsheets must be used to increase the likelihood of analyzing the flawed data.
D) More time is spent managing data than analyzing data.

Solutions: