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WGU VPC2Data-Driven Decision MakingC207 Sample Questions:
1. A clothing company wants to predict sales figures based on the amount spent on advertising.
Which type of regression analysis should this company use?
A) Time series regression
B) Logistic regression
C) Multiple linear regression
D) Linear regression
2. Why are sample sizes important for ensuring statistical significance?
A) So that accurate conclusions can be confidently applied to larger populations
B) So that a hypothesis cannot be misinterpreted
C) So that no additional analysis is required
D) So that the possibility of researcher bias is eliminated
3. Which tool should be used to closely monitor inputs and outputs?
A) Business process diagram
B) Joint financial statements
C) Individual pro forma statements
D) SIPOC diagram
4. Which type of study is also known as a quasi-experimental study?
A) Observational study
B) Content validity
C) Hypothesis testing
D) Blind study
5. How is a cost-benefit analysis different in the public and private sectors?
A) The public sector usually focuses on the general welfare of the population, whereas the private sector usually focuses on profits.
B) The public sector focuses almost exclusively on cost, while the private sector focuses primarily on benefits.
C) The public sector focuses almost exclusively on benefits, while the private sector focuses primarily on cost.
D) The public sector is governed by tax policy whereas the private sector is incentivized by product pricing.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |







