WGU C207 Data Driven Decision Making
Module 2 Latest 2023 Rated A
Which of the following is NOT an application of statistics in business?
a Determine the internet advertiser that will reach the most people from extens
...
WGU C207 Data Driven Decision Making
Module 2 Latest 2023 Rated A
Which of the following is NOT an application of statistics in business?
a Determine the internet advertiser that will reach the most people from extensive page view
data.
b Determine a target market based on information on household incomes throughout the country.
c Predict trends in certain investments of big companies from previous results of Fortune 100
companies.
d Forecast likelihood of board of director decisions from previous voting habits. ✔✔d Forecast
likelihood of board of director decisions from previous voting habits.
Although this might be in a business context, this is the use of statistics in politics. The other
three examples are applications of statistics in business.
Bethany notices that her husband is wearing a blue sweater on Tuesday. She cannot remember
what he has worn previous Tuesdays. The next Tuesday she notices he is wearing another blue
sweater. She concludes that if it is Tuesday, he will wear a blue sweater having data from her
experiment to support this. What is the flaw with this experiment?
a Small Sample Size
b Operationalization
c Missing Data
d Assumptions ✔✔a Small Sample Size
This is an experiment with too few data entries to form a statistically relevant conclusion.
Doctor Andrews has been trying to measure the likelihood of heart attack risk. Doctor Andrews
decides to monitor hair length in people to determine those at high risk of heart attack. What is
the flaw in this experiment?
a Assumptions
b Association vs. Causation
c Response Bias
d Operationalization ✔✔d Operationalization
Monitoring hair growth does not measure the risk of heart attack. There is a flaw in the
experiment because the experiment is not measuring what the objective is trying to determine.
Mr. Wonka notices that the last twenty times he invented a new chocolate candy, his major
competitors, Count Chocula, and the Easter Bunny, have big sales in late October. Mr. Wonka
feels directly responsible for the profit of his competitors. What is the flaw in this experiment
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