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

SectionObjectives
Topic 1: Regression and Correlation Analysis- Interpreting correlation and causation
- Linear regression modeling
Topic 2: Data Fundamentals and Business Analytics- Descriptive statistics (mean, median, variance, standard deviation)
- Data types and data collection methods
Topic 3: Decision Making Models- Risk and uncertainty in decision-making
- Decision trees and expected value analysis
Topic 4: Probability and Statistical Inference- Probability concepts and distributions
- Sampling methods and sampling error
Topic 5: Hypothesis Testing- t-tests, chi-square tests, and significance testing
- Null and alternative hypotheses

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. An analyst used multiple linear regression to show how a big box store's sales (y) are predicted by the big box store's advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 # 26.89x2. How are advertising expenditures and sales related in this scenario?

A) If the specialty store increases its advertising expenditures, it will decrease the big box store's sales.
B) If the big box store decreases its advertising expenditures, its sales will increase.
C) If the big box store decreases its advertising expenditures, it will decrease the big box store's sales.
D) If the big box store increases its advertising expenditures, its sales will decrease.


2. A hospital is restructuring its business and administrative functions.
Which component of service delivery could be analyzed with a data analytics approach to help determine whether the hospital is adequately staffed for each shift?

A) Staff productivity levels
B) Patient satisfaction levels
C) Staff education levels
D) Patient-to-staff ratios


3. Which tool should be used to closely monitor inputs and outputs?

A) Business process diagram
B) Joint financial statements
C) SIPOC diagram
D) Individual pro forma statements


4. What is an advantage of a balanced scorecard?

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


5. Which two types of graphs illustrate and analyze measurements or trends over time?
Choose 2 answers.

A) Run chart
B) Pareto chart
C) Control chart
D) Check sheet


Solutions:

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

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