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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Decision Models & Prescriptive Analytics | 15% | - Optimization, sensitivity analysis - Quality & process improvement tools - Decision trees, payoff matrices, expected value |
| Foundations of Data-Driven Decision Making | 20% | - Role of data in business decisions - Types of analytics: descriptive, predictive, prescriptive - Ethics, privacy, and data governance |
| Probability & Statistical Inference | 20% | - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals - Correlation vs. causation |
| Statistical Concepts & Descriptive Analytics | 25% | - Measures of central tendency, dispersion, distribution - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods |
| Predictive Analytics & Regression | 20% | - Forecasting & trend analysis - Interpreting coefficients, R-squared, significance - Simple & multiple linear regression |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. Which two statements describe Ishikawa's seven basic tools of quality?
Choose 2 answers.
A) Processes are represented with photos of each input and output.
B) Processes are represented graphically.
C) The tools help develop advanced training for employees.
D) An average worker can easily understand how to use the tools.
2. A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?
A) Mode
B) Variance
C) Z score
D) Median
3. A sample of 1,020 people was asked how many minutes they exercise on a typical day. The data were plotted and determined to be skewed left with a mean of 44.75 minutes.
Which boxplot correctly graphs this data?
A) Option A
B) Option B
C) Option C
D) Option D
4. How should Ishikawa's seven basic tools of quality be used?
Choose 2 answers.
A) The tools can be used in combination with each other.
B) The output from one tool can be used as another tool's input.
C) The tools make trends easy to recognize within only one graph.
D) The tools should be used only by high-level managers and not by average workers.
5. 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) The benefit of private projects is general public welfare.
C) Private projects generate considerable revenue.
D) The benefits of public projects are easily quantifiable.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A,B | Question # 5 Answer: C |
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