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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Business Intelligence and Analytics | - Key Performance Indicators (KPIs) - Dashboards and Reporting - Data Mining Concepts - Predictive Analytics Basics |
| Topic 2: Decision-Making Frameworks | - Rational Decision Models - Risk Analysis and Assessment - Cost-Benefit Analysis - Evidence-Based Decision Making |
| Topic 3: Data-Driven Culture and Communication | - Ethical Considerations in Data Use - Presenting Data Insights - Stakeholder Communication - Building Data-Informed Organizations |
| Topic 4: Data Analysis Fundamentals | - Data Types and Measurement Scales - Data Quality and Cleaning - Data Visualization Techniques - Descriptive Statistics |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
A laboratory uses a graduated cylinder to measure liquid volume in metric units. Which type of experimental design is this laboratory implementing?
- A. Qualitative research
- B. Quantitative research
- C. Development research
- D. Precision research
Correct Answer: B 🗳️
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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. Mean
- C. Bell curve
- D. Scatterplot
Correct Answer: B 🗳️
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What is the purpose of the quality management principle of dedication to fact-based decision-making?
- A. Increase loyalty from customers and suppliers.
- B. Increase the effectiveness from quality practices.
- C. Eliminate anything that does not add value.
- D. Reduce bias driven by increased trust in plans.
Correct Answer: D 🗳️
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What is the formula for calculating a simple index number?
- A. The current price divided by the base year's price
- B. The base year's price divided by the current price
- C. The current price divided by the base year's price times 100
- D. The base year's price divided by the current price times 100
Correct Answer: C 🗳️
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Which input could be used to create and evaluate a process that would improve an organization's performance?
- A. Suggestions from a close competitor
- B. Rules and regulations imposed on the banking industry
- C. Data gathered from a customer survey
- D. Information from an employee handbook
Correct Answer: C 🗳️
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