Data Systems > QUESTIONS & ANSWERS > WGU C207 STUDY GUIDE MODULE 1 & 2 LATEST 2023 GRADED A (All)

WGU C207 STUDY GUIDE MODULE 1 & 2 LATEST 2023 GRADED A

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WGU C207 STUDY GUIDE MODULE 1 & 2 LATEST 2023 GRADED A Analytics ✔✔is the discovery, analysis and communication of meaningful patterns in data information bias ✔✔is a prejudice in data that ... results when either the respondent or the interviewer have & agenda that affects responses ordinal data ✔✔places data into categories that are ordered by a predetermined criteria interval data ✔✔is numerical data that is ordered, is equal distance apart & does not have a natural zero reliable data ✔✔is consistent & repeatable random error ✔✔represents errors in data caused by unpredictable statistical fluctuations nominal data ✔✔places data into "either or" categories or identifies by name or charachteristics data management ✔✔includes cleaning & storage of collected data big data ✔✔is a massive amount of data that is difficult to process using traditional database & software techniques ratio data ✔✔is numerical data that has a natural zero allowing this data to be added, subtracted, multiplied & divided measurement bias ✔✔is a prejudice in data that results when the sample is not representative of the population be tested Why is quantitative analysis & analytics important in decision making? (Choose 3) ✔✔Decisions are less subjective, analytics can be explanatory , managers can build predictive models Sales for Northern region are expected to decrease 2% in the next fiscal year. ✔✔Predictive analysis The median household income for New York City from 2009-2013 is ✔✔Descriptive analysis Alternating two trains between 5 pm & 7 pm will increase on time arrivals ✔✔Prescriptive analysis The largest consumer group of the product is female ✔ [Show More]

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