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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
| Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
| Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Regression and Correlation Analysis | - Linear regression modeling - Interpreting correlation and causation |
| Data Fundamentals and Business Analytics | - Descriptive statistics (mean, median, variance, standard deviation) - Data types and data collection methods |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. How should a marketing consulting firm perform a cluster analysis for a new granola bar?
A) Determine competitor benchmarks and forecasts for comparison
B) Determine the reasons for consumer granola bar purchases
C) Determine the different segments or groups to target
D) Determine whether there are any granola bar sales trends
2. How should Ishikawa's seven basic tools of quality be used?
Choose 2 answers.
A) The tools make trends easy to recognize within only one graph.
B) The output from one tool can be used as another tool's input.
C) The tools should be used only by high-level managers and not by average workers.
D) The tools can be used in combination with each other.
3. A laboratory uses a graduated cylinder to measure liquid volume in metric units. Which type of experimental design is this laboratory implementing?
A) Precision research
B) Development research
C) Quantitative research
D) Qualitative research
4. What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.
A) They are flexible and easily changed.
B) They can be used as a tool for internal benchmarking.
C) They require little to no ongoing maintenance.
D) They often follow SMART criteria.
5. A researcher seeks to pass a bond issue and asks a sample of respondents who have a bachelor's degree if they are voting in favor of the bond because it would be beneficial to the county.
Which type of error does this represent?
A) Confusion of association and causality
B) Faulty operationalization
C) Selection bias
D) Response bias
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: B,D | Question # 5 Answer: C |


