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WGU Data-Driven-Decision-Making Exam Syllabus Topics:

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. Which tool is often referred to as a fishbone chart or diagram?

A) Scatter diagram
B) Cause-and-effect diagram
C) Histogram
D) Flowchart

2. What is a statistical process control procedure for a drill manufacturer?

A) Forecasting future consumer demand for its drills
B) Determining the different market segments for its drills
C) Implementing collaborative planning forecasting and replenishment
D) Determining whether the weight of selected drills is within a tolerable range

3. What is the basic difference between evaluating costs and benefits in the public and private sectors?

A) The costs associated with public projects are minimal.
B) Private projects generate considerable revenue.
C) The benefits of public projects are easily quantifiable.
D) The benefit of private projects is general public welfare.

4. An analyst used multiple linear regression to show how a big box store's sales (y) are predicted by the big box store's advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 # 26.89x2. How are advertising expenditures and sales related in this scenario?

A) If the big box store increases its advertising expenditures, its sales will decrease.
B) If the specialty store increases its advertising expenditures, it will decrease the big box store's sales.
C) If the big box store decreases its advertising expenditures, it will decrease the big box store's sales.
D) If the big box store decreases its advertising expenditures, its sales will increase.

5. What is an appropriate management use of statistics?

A) Understanding the demographics of customers
B) Justifying organizational decisions after they have been implemented
C) Implementing changes based on customer survey response rate
D) Ordering product for a region based on one store

Solutions: