- Exam Code: Data-Driven-Decision-Making
- Exam Name: VPC2Data-Driven Decision MakingC207
- Certification Provider: WGU
- Corresponding Certification:Courses and Certificates
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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Data-Driven Decision Making | 20% | - Types of analytics: descriptive, predictive, prescriptive - Role of data in business decisions - Ethics, privacy, and data governance |
| Topic 2: Statistical Concepts & Descriptive Analytics | 25% | - Data types, measurement scales, sampling methods - Data visualization: charts, graphs, dashboards - Measures of central tendency, dispersion, distribution |
| Topic 3: Probability & Statistical Inference | 20% | - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals - Correlation vs. causation |
| Topic 4: Decision Models & Prescriptive Analytics | 15% | - Quality & process improvement tools - Optimization, sensitivity analysis - Decision trees, payoff matrices, expected value |
| Topic 5: Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
Which element of an experimental study is described as the procedures applied to each subject?
- A. Experimental units
- B. Inputs
- C. Treatments
- D. Responses
Correct Answer: C 🗳️
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How is a cost-benefit analysis different in the public and private sectors?
- A. The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
- 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 cost, while the private sector focuses primarily on benefits.
- D. The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
Correct Answer: B 🗳️
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A researcher wants to estimate the average wholesale price of a gallon of gas in the United States. Several gas station owners along the East Coast are asked what price they pay wholesale for a gallon of gas. The researcher then averages these values for the sample mean price of a gallon of gas. Which problem would be discovered if this researcher's work were evaluated?
- A. There is conscious bias in the data.
- B. There is response bias in the data.
- C. The sample data are not representative of the population.
- D. There is faulty calibration in the data collection.
Correct Answer: C 🗳️
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A manager has been assigned to manage a digital marketing analytics team. The manager tasks the team with determining similarities among existing customers in the company's database, such as similarities in products purchased, location, and the average amount spent per order among existing customers.
Which type of activity will help the team accomplish this task?
- A. Regression analysis
- B. Touchpoint analysis
- C. Linear programming
- D. Data mining
Correct Answer: D 🗳️
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How is a cause-and-effect diagram used?
- A. To brainstorm possible root causes for an intermittency problem
- B. As a software tool to automatically generate a business process diagram
- C. As a financial risk calculation tool for a new product release
- D. To assign blame for manufacturing problems
Correct Answer: A 🗳️
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