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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Role of data in business decisions - Types of analytics: descriptive, predictive, prescriptive |
| Topic 2: Predictive Analytics & Regression | 20% | - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis - Simple & multiple linear regression |
| Topic 3: Statistical Concepts & Descriptive Analytics | 25% | - Data types, measurement scales, sampling methods - Data visualization: charts, graphs, dashboards - Measures of central tendency, dispersion, distribution |
| Topic 4: Decision Models & Prescriptive Analytics | 15% | - Decision trees, payoff matrices, expected value - Optimization, sensitivity analysis - Quality & process improvement tools |
| Topic 5: Probability & Statistical Inference | 20% | - Hypothesis testing, p-values, confidence intervals - Probability rules, distributions, expected value - Correlation vs. causation |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. Which process is considered a statistical process control activity?
A) Evaluating consumer complaints about manufacturing defects
B) Aligning marketing strategy with manufacturing capabilities
C) Forecasting future consumer demand for a new product
D) Determining if the precision of a manufactured product is within a tolerable range
2. A professional services firm is undergoing a business process improvement exercise to improve productivity, staff morale, and client satisfaction while also thinking about the overall long-term financial performance of the company.
Which performance tool would best meet this firm ' s objectives?
A) KPI dashboard
B) Balanced scorecard
C) Results-based management
D) Net promoter score
3. What describes fact-based decision-making according to quality management principles?
Choose 2 answers.
A) Decisions foster trust in plans.
B) Decisions reduce external bias.
C) Decisions have a marginal effect on relationships with suppliers.
D) Decisions are based on the instincts of experienced leaders.
4. Phone calls for a company are routed randomly to one of eight call centers. Six are based in the United States, and two are based in another country. What is the probability that an incoming call will be routed to a U.S.- based call center?
A) 25%
B) 67%
C) 75%
D) 33%
5. How should a marketing consulting firm perform a cluster analysis for a new granola bar?
A) Determine the different segments or groups to target
B) Determine whether there are any granola bar sales trends
C) Determine the reasons for consumer granola bar purchases
D) Determine competitor benchmarks and forecasts for comparison
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A,B | Question # 4 Answer: C | Question # 5 Answer: A |
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