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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. Two vendors sell a dozen raw materials that a company needs to build its products. Which type of analysis should be used to determine if one of the vendors has a better average price at a given point in time?

A) Background analysis
B) Graphical analysis
C) Heuristic analysis
D) Data analysis

2. How do a run chart and a control chart differ?

A) They are the same, except a control chart includes limits or constraints that a process should not exceed.
B) A run chart reveals trends in manufacturing problems over time, whereas a control chart is essentially a snapshot in time.
C) A control chart reveals trends in manufacturing problems over time, whereas a run chart is essentially a snapshot in time.
D) They are the same, except a run chart includes limits or constraints that a process should not exceed.

3. Why would a human resources department use both mean and median when doing a salary evaluation of a department?

A) A large difference between mean and median shows there are outliers to assess.
B) A large difference between mean and median shows that some employees need raises.
C) A large difference between mean and median shows a miscalculation in the analysis.
D) A large difference between mean and median shows an abnormal standard deviation.

4. Which exam type compares one student's performance on a test to other students' performance?

A) An ad hoc test
B) An essay test
C) A criterion-referenced test
D) A norm-referenced test

5. Which use of statistics would apply to employees?

A) Determining financial interest rates
B) Predicting future levels of financial risk
C) Influencing future vendor prices
D) Comparing with competitors on wholesale pricing

Solutions: