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

SectionObjectives
Topic 1: Data Fundamentals and Business Analytics- Descriptive statistics (mean, median, variance, standard deviation)
- Data types and data collection methods
Topic 2: Regression and Correlation Analysis- Linear regression modeling
- Interpreting correlation and causation
Topic 3: Hypothesis Testing- t-tests, chi-square tests, and significance testing
- Null and alternative hypotheses
Topic 4: Probability and Statistical Inference- Probability concepts and distributions
- Sampling methods and sampling error
Topic 5: Decision Making Models- Decision trees and expected value analysis
- Risk and uncertainty in decision-making

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?

  • A. By analyzing budgetary impacts of county contracts
  • B. By aligning fund allocations with the number of department employees
  • C. By conducting best practices research regarding audit performance
  • D. By benchmarking similar strategies of other counties
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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A school board has nine voting members. Five members need to be chosen each year for the finance committee. Why should the combination technique be used when selecting committee members?

  • A. Because the selection order of committee members is not important
  • B. Because the selection order of committee members is important
  • C. Because there is not a correlation between committee member meeting attendance and selection
  • D. Because there is a correlation between committee member meeting attendance and selection
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Why are experiments conducted using random sample populations?

  • A. Because entire population data have too many outliers.
  • B. Because the software to analyze entire populations is expensive.
  • C. Because studying an entire population is difficult and impractical.
  • D. Because random sample populations ensure bias elimination.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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A company runs a regression analysis to determine sales based on advertising expenditures, which can be shown in a linear equation as y = 2x + 25,000. The company plans to spend $20,000 on advertising.
Which sales figure should the company expect to generate based on the given equation?

  • A. $75,000
  • B. $40,000
  • C. $50,000
  • D. $65,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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A digital marketing manager wants to determine whether conversion rates from the company's latest email campaign are about the same as the industry average or significantly different. Which statistical concept should be used to measure the data set?

  • A. Bell curve
  • B. Median
  • C. Mean
  • D. Standard deviation
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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