WGU Data Driven Decision Making - C207 | Study Material for Exams

WGU Data Driven Decision Making - C207 | Study Material for Exams
1. Activities (RBM stage) -----Right Answer-------second step involves the process
that converts inputs to outputs (actions necessary to produces results - training,
evaluating, developing)
2. Alternative hypothesis -----Right Answer-------The argument that either a sample
is not equal to, greater than, or less than the hypothesized null sample
3. Analysis of Variance (ANOVA) -----Right Answer-------a technique used to
determine if there is a sufficient evidence from sample data of three or more
populations to conclude that the means of the population are not all equal
4. Analytics -----Right Answer-------The discovery, analysis, and communication of
meaningful patterns in data.
5. Autocorrelation -----Right Answer-------A relationship between two variables that
is inherently non-linear
6. Balanced Scorecard -----Right Answer-------An approach using multiple measures
to evaluate performance, including financial measures, and the non-financial
measures of customers, internal business processes, and learning and growth.
7. Bar chart -----Right Answer-------A graph that measures the distribution of data
over discrete groups or categories.
8. Benchmarks -----Right Answer-------Standards or points of reference for an
industry or sector that can be used for comparison and evaluation.
9. Big Data -----Right Answer-------very large amounts of data; an all-encompassing
term for any collection of data sets so large and complex that it becomes difficult
to process them using traditional data processing applications
10.Blind Study -----Right Answer-------A study performed where the participants are
not told if they are in the treatment group or control group
11.body mass index (BMI) -----Right Answer-------A measure, based on a person's
weight and height, that is used to classify people as underweight or overweight.
12.Business process -----Right Answer-------A sequence of logically related and time
based work activities to provide a specific output for a customer.
13.Central Limit Theorem -----Right Answer-------A theorem that states that, the
greater the sample, the closer the mean of the sample is to the entire population
and the more the results will look like a normal distribution
14.Cluster Analysis -----Right Answer-------The process of arranging terms or values
based on different variables into "natural" groups