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

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

WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?

A) Combination
B) Multiplication principle
C) Conditional probability
D) Bayes ' theorem


2. What is a disadvantage of a key performance indicator (KPI)?

A) It only accounts for quantitative measures.
B) It focuses on long-term goals rather than short-term gains.
C) It makes it difficult to use data-driven results to quantify performance.
D) It only indicates what changes are statistically significant.


3. What is the purpose of linking strategy to performance assessment in an organization?

A) To translate the organization's mission for only team players
B) To decrease the organization's action plans
C) To increase the organization's data collection
D) To provide a target of where an organization needs or desires to be


4. A financial analyst theorizes that commute times increase as the percentage of land availability for homes in a city decreases. To test this hypothesis, the analyst uses a regression analysis to explore how land availability predicts commute time.
What does land availability represent in this regression?

A) It is the target variable.
B) It is the dependent variable.
C) It is a control.
D) It is the independent variable.


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


Solutions:

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

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