WGU Courses and Certificates Data-Driven-Decision-Making

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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. How is a cost-benefit analysis different in the public and private sectors?

A) The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
B) The public sector usually focuses on the general welfare of the population, whereas the private sector usually focuses on profits.
C) The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
D) The public sector focuses almost exclusively on cost, while the private sector focuses primarily on benefits.

2. A hospital hires a third-party company to train its surgery team on the latest techniques and assess the team's current procedures in the operating room.
Which results-based management (RBM) stage is represented in this scenario?

A) Activities
B) Output
C) Input
D) Outcome

3. 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 two standard deviations of the mean.
B) Sales of $750 are within three standard deviations of the mean.
C) Sales of $750 are two standard deviations of the mean.
D) Sales of $750 are outside three standard deviations of the mean.

4. What is an advantage of a balanced scorecard?

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

5. A plant manager wants to compare the production output for three assembly lines. Why is ANOVA the correct analysis technique to use for this scenario?

A) ANOVA can determine which assembly line has the most output.
B) ANOVA can determine the reason one assembly line outperforms the others.
C) ANOVA can determine the rate at which production is completed for each assembly line.
D) ANOVA can determine whether there is a significant difference in the output among the assembly lines.

Solutions: