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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
| Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
| 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 | - t-tests, chi-square tests, and significance testing - Null and alternative hypotheses |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
Question #1
A digital marketing manager wants to determine whether conversion rates from the company's latest email campaign are about the same as the industry average or significantly different. Which statistical concept should be used to measure the data set?
A. Mean
B. Standard deviation
C. Median
D. Bell curve
Question #2
Which input could be used to create and evaluate a process that would improve an organization's performance?
A. Data gathered from a customer survey
B. Information from an employee handbook
C. Rules and regulations imposed on the banking industry
D. Suggestions from a close competitor
Question #3
What describes fact-based decision-making according to quality management principles?
Choose 2 answers.
A. Decisions foster trust in plans.
B. Decisions reduce external bias.
C. Decisions have a marginal effect on relationships with suppliers.
D. Decisions are based on the instincts of experienced leaders.
Question #4
Why are experiments conducted using random sample populations?
A. Because entire population data have too many outliers.
B. Because the software to analyze entire populations is expensive.
C. Because studying an entire population is difficult and impractical.
D. Because random sample populations ensure bias elimination.
Question #5
What is a disadvantage of using a balanced scorecard?
A. It requires time and effort to develop a meaningful template.
B. It is expensive to implement effectively within an organization's operations.
C. It does not link operations with company strategy.
D. It does not include a mix of financial and nonfinancial performance measures.
Solutions:
| Question #1 Correct Answer: B | Question #2 Correct Answer: A | Question #3 Correct Answer: A,B | Question #4 Correct Answer: C | Question #5 Correct Answer: A |
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