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

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

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. What is the formula for calculating a simple index number?

A) The current price divided by the base year's price times 100
B) The base year's price divided by the current price times 100
C) The current price divided by the base year's price
D) The base year's price divided by the current price


2. What is a basic assumption of a z-score?

A) The mean is equal to zero with a standard deviation of 2.
B) Outlier data points must be eliminated from a z-score calculation.
C) The mean is equal to zero with a standard deviation of 1.
D) Outlier data points are critical to a z-score calculation.


3. Which element is associated with control charts?

A) Upper and lower limits
B) Correlation
C) Hypothesis testing
D) Reliability index


4. What results from starting an analysis with flawed data?
Choose 2 answers.

A) Spreadsheets must be used to increase the likelihood of analyzing the flawed data.
B) Data must be put in a table or a chart so that errors can be more easily detected.
C) More time is spent managing data than analyzing data.
D) Missing data tend to skew the results of the analysis.


5. What is true about outliers?
Choose 2 answers.

A) Outliers that are miskeyed can be corrected prior to analysis.
B) All outliers are statistically significant when using a normal distribution.
C) Outliers detected in a study are useful in determining if something does not belong in the study.
D) All observed outliers should be eliminated from a study prior to analysis.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: C,D
Question # 5
Answer: A,C

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