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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. Two vendors sell a dozen raw materials that a company needs to build its products. Which type of analysis should be used to determine if one of the vendors has a better average price at a given point in time?

A) Data analysis
B) Heuristic analysis
C) Background analysis
D) Graphical analysis

2. What must be analyzed using powerful analytic tools?

A) Inferential statistics
B) Small, independent data sets
C) Big data
D) Data analysis results

3. What is the 80/20 rule associated with a Pareto chart?

A) Eighty percent of quality management problems can be explained by the other 20% of the problems.
B) Eighty percent of quality management problems result from 20% of causes.
C) Twenty percent of quality management problems can be explained by the other 80% of the problems.
D) Twenty percent of quality management problems result from 80% of causes.

4. How does a balanced scorecard (BSC) differ from a key performance indicator (KPI)?

A) A BSC aligns with just one aspect of an organization's success, whereas a KPI allows managers to simultaneously view performance in several areas.
B) A KPI aligns with just one aspect of an organization's success, whereas a BSC allows managers to view performance in several areas.
C) A BSC and a KPI are identical except that a BSC is a measurement of metrics over time, and a KPI is a snapshot of success at one point in time.
D) A BSC and a KPI are identical except that a BSC is used in business settings, and a KPI is used exclusively by governmental agencies.

5. A researcher notes that people who exercise daily tend to sleep better. The researcher then asks subjects to keep a sleep diary and record the number of hours they sleep each night. Some diaries have few entries, but the subjects claim they are well rested. Which type of error is represented in this research?

A) Cause-and-effect confusion
B) Response bias
C) Conscious bias
D) Lack of blinding

Solutions: