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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Decision Models & Prescriptive Analytics | 15% | - Quality & process improvement tools - Decision trees, payoff matrices, expected value - Optimization, sensitivity analysis |
| Topic 2: Foundations of Data-Driven Decision Making | 20% | - Types of analytics: descriptive, predictive, prescriptive - Ethics, privacy, and data governance - Role of data in business decisions |
| Topic 3: Statistical Concepts & Descriptive Analytics | 25% | - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods - Measures of central tendency, dispersion, distribution |
| Topic 4: Probability & Statistical Inference | 20% | - Correlation vs. causation - Hypothesis testing, p-values, confidence intervals - Probability rules, distributions, expected value |
| Topic 5: Predictive Analytics & Regression | 20% | - Interpreting coefficients, R-squared, significance - Simple & multiple linear regression - Forecasting & trend analysis |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. The daily sales from a salon are normally distributed with a mean of $1,500 and a standard deviation of $250.
The salon owner notices that sales were $750 on a particular day.
Why should the owner be concerned about sales based on this scenario?
A) Sales of $750 are within three standard deviations of the mean.
B) Sales of $750 are outside three standard deviations of the mean.
C) Sales of $750 are two standard deviations of the mean.
D) Sales of $750 are within two standard deviations of the mean.
2. How does a balanced scorecard (BSC) differ from a key performance indicator (KPI)?
A) A BSC aligns with just one aspect of an organization's success, whereas a KPI allows managers to simultaneously view performance in several areas.
B) A BSC and a KPI are identical except that a BSC is a measurement of metrics over time, and a KPI is a snapshot of success at one point in time.
C) A KPI aligns with just one aspect of an organization's success, whereas a BSC allows managers to view performance in several areas.
D) A BSC and a KPI are identical except that a BSC is used in business settings, and a KPI is used exclusively by governmental agencies.
3. 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) Plan
B) Check
C) Act
D) Do
4. Which use of statistics would apply to employees?
A) Predicting future levels of financial risk
B) Comparing with competitors on wholesale pricing
C) Determining financial interest rates
D) Influencing future vendor prices
5. Which two tools make it easier to detect an out-of-range error?
Choose 2 answers.
A) Observational studies
B) Relational databases
C) Experimental studies
D) Spreadsheets
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B,D |
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