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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:

1. A nonprofit organization ran a fundraiser and would like to determine the amount of a typical donation.
Which statistic is less affected by outliers and skewed data and should be used to determine the amount of a typical donation?

A) Median
B) Mean
C) Mode
D) Z-score

2. What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.

A) They are flexible and easily changed.
B) They often follow SMART criteria.
C) They require little to no ongoing maintenance.
D) They can be used as a tool for internal benchmarking.

3. 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

4. A company runs a regression analysis to identify the impact of volume on demand, which can be shown as an equation y = 50x + 10. Which volume is needed to produce a demand of 10,510?

A) 210
B) 525
C) 525,610
D) 208

5. Which two types of graphs illustrate and analyze measurements or trends over time?
Choose 2 answers.

A) Pareto chart
B) Check sheet
C) Control chart
D) Run chart

Solutions: