WGU VPC2Data-Driven Decision MakingC207 : Data-Driven-Decision-Making

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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. A car dealership sells both new and used cars. The number of new cars sold on a given day ranges from 5 to
30 while the number of used cars sold ranges from 5 to 40. The number of used cars sold is mutually exclusive to the number of new cars sold.
Which statistic would be used to compare the number of new and used car sales on any given day?

A) R-squared
B) Z-score
C) Chi-square
D) F-statistic

2. Why is quantitative analysis important to the decision-making process?

A) It creates a risk-management dashboard.
B) It provides definable metric-analysis surveys.
C) It increases the experience of top management.
D) It examines and describes large sets of data.

3. Which quality management principle should team members apply?

A) Train all employees in the managerial process so the organization and employees compete.
B) Analyze all adjustments made in one part of a system that may affect other parts of the system.
C) Focus on auxiliary tasks so that as many steps as possible are added to a process.
D) Commit to a new style of leadership that lets employees choose what they want to do each day.

4. Which statement is an accurate reflection of an analytical decision made by a for-profit organization?

A) Optimize profit using social programming.
B) Optimize profit using software programming.
C) Optimize profit using linear programming.
D) Optimize profit using hardware programming.

5. Two vendors sell a dozen raw materials that a company needs to build its products. Which type of analysis should be used to determine if one of the vendors has a better average price at a given point in time?

A) Background analysis
B) Graphical analysis
C) Data analysis
D) Heuristic analysis

Solutions: