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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Statistical Concepts & Descriptive Analytics | 25% | - Measures of central tendency, dispersion, distribution - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods |
| Topic 2: Probability & Statistical Inference | 20% | - Probability rules, distributions, expected value - Correlation vs. causation - Hypothesis testing, p-values, confidence intervals |
| Topic 3: Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Forecasting & trend analysis - Interpreting coefficients, R-squared, significance |
| Topic 4: Decision Models & Prescriptive Analytics | 15% | - Optimization, sensitivity analysis - Quality & process improvement tools - Decision trees, payoff matrices, expected value |
| Topic 5: Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Role of data in business decisions - Types of analytics: descriptive, predictive, prescriptive |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
A student is surveying chief executive officers to understand their levels of satisfaction with work-life balance over a period of three years. The student receives responses to a survey with a question regarding how many hours a week each CEO works. Which statistical approach should be used to summarize the data for analysis?
- A. Median
- B. Scatterplot
- C. Mean
- D. Bell curve
Correct Answer: C 🗳️
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How is a cost-benefit analysis different in the public and private sectors?
- A. The public sector usually focuses on the general welfare of the population, whereas the private sector usually focuses on profits.
- B. The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
- C. The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
- D. The public sector focuses almost exclusively on cost, while the private sector focuses primarily on benefits.
Correct Answer: A 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?
- A. Multiplication principle
- B. Bayes ' theorem
- C. Conditional probability
- D. Combination
Correct Answer: A 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
When researchers are studying the effect of new drug treatments on patients, bias can be introduced by patients if they are aware of who receives the placebo.
Which type of research design eliminates this type of bias?
- A. Time series study
- B. Prospective cohort study
- C. Observational study
- D. Blind study
Correct Answer: D 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
What was the cumulative incidence rate during Year 2 at the university?
- A. 11.84%
- B. 3.70%
- C. 17.87%
- D. 10.04%
Correct Answer: A 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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