Exam Name: VPC2Data-Driven Decision MakingC207
Certification Provider: WGU
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WGU Data-Driven-Decision-Making Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Probability & Statistical Inference | 20% | - Correlation vs. causation - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals |
| Topic 2: Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis |
| Topic 3: Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Types of analytics: descriptive, predictive, prescriptive - Role of data in business decisions |
| Topic 4: Decision Models & Prescriptive Analytics | 15% | - Optimization, sensitivity analysis - Quality & process improvement tools - Decision trees, payoff matrices, expected value |
| Topic 5: Statistical Concepts & Descriptive Analytics | 25% | - Measures of central tendency, dispersion, distribution - Data types, measurement scales, sampling methods - Data visualization: charts, graphs, dashboards |
WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. What is an advantage of a balanced scorecard?
A) It emphasizes strategy and organizational results.
B) It requires minimal data.
C) It increases the amount of available data to analyze.
D) It requires little effort to establish a meaningful dashboard.
2. What is an appropriate management use of statistics?
A) Understanding the demographics of customers
B) Justifying organizational decisions after they have been implemented
C) Implementing changes based on customer survey response rate
D) Ordering product for a region based on one store
3. A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
A) By aligning fund allocations with the number of department employees
B) By conducting best practices research regarding audit performance
C) By benchmarking similar strategies of other counties
D) By analyzing budgetary impacts of county contracts
4. Which tool is often referred to as a fishbone chart or diagram?
A) Scatter diagram
B) Flowchart
C) Cause-and-effect diagram
D) Histogram
5. Which statement is an accurate reflection of an analytical decision made by a for-profit organization?
A) Optimize profit using linear programming.
B) Optimize profit using hardware programming.
C) Optimize profit using software programming.
D) Optimize profit using social programming.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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