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

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. Why are sample sizes important for ensuring statistical significance?

A) So that the possibility of researcher bias is eliminated
B) So that a hypothesis cannot be misinterpreted
C) So that accurate conclusions can be confidently applied to larger populations
D) So that no additional analysis is required

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

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. Which graphical representation depicts the steps that compose a process?

A) Histogram
B) Control chart
C) Scatterplot
D) Flowchart

5. Which step in the plan-do-check-act cycle is described as analyzing the results of an experiment and deciding whether those results can be improved?

A) Check
B) Do
C) Act
D) Plan

Solutions: