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

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

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. Research data indicate 95% confidence in a study in which subjects who were shown a product advertisement exhibited brand awareness compared to a control group who did not see the advertisement.
What can be concluded from this study?

A) Ninety-five percent of the subjects liked the brand.
B) The advertisement was effective in building brand awareness.
C) Five percent of the subjects did not like the advertisement.
D) The advertisement was effective in increasing sales.

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

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

3. How does Six Sigma relate to a firm's application of a control chart?

A) It continually measures processes and outputs.
B) It is equivalent to linear programming.
C) It produces a balanced scorecard.
D) It measures supplier and input reliability.

4. What is an advantage of a balanced scorecard?

A) It increases the amount of available data to analyze.
B) It emphasizes strategy and organizational results.
C) It requires minimal data.
D) It requires little effort to establish a meaningful dashboard.

5. 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 specialty store increases its advertising expenditures, it will decrease the big box store's sales.
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 big box store decreases its advertising expenditures, its sales will increase.

Solutions: