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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. A nonprofit organization is asking for donations. It hopes to design an email campaign that will ensure it receives at least $50,000. The campaign will reach 10,000 donors and receive donations with a mean of $10 and a standard deviation of $5.
Which measure should be used to determine the probability of the campaign receiving $50,000?

A) T-statistic
B) Z-score
C) Median
D) R-squared

2. An entrepreneur wants to start a boutique cupcake business based on family recipes shared for three generations. The entrepreneur knows the required costs associated with rent, supplies, utilities, and hourly wages and wants to determine how many cupcakes they need to sell to generate a profit.
Which technique should be used to analyze this data?

A) Regression
B) T-test
C) Crossover analysis
D) Break-even analysis

3. A manager has been asked to evaluate the risk of loss for a new business strategy. The manager plots the results of several simulated projections to determine the likelihood of a result being a loss. Which statistic will transform different data sets to the same scale so that the manager can compare the projections?

A) Mode
B) Median
C) Z score
D) Variance

4. Which distribution would have a mean and median that are approximately equal after an analysis of each employee's number of customer service calls over the last month?

A) Normal distribution
B) Multimodal distribution
C) Pareto distribution
D) Bimodal distribution

5. Why is quantitative analysis important to the decision-making process?

A) It examines and describes large sets of data.
B) It provides definable metric-analysis surveys.
C) It creates a risk-management dashboard.
D) It increases the experience of top management.

Solutions: