Pass the actual test with the help of Data-Driven-Decision-Making study guide
Last Updated: Sep 28, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Predictive Analytics & Regression | 20% | - Interpreting coefficients, R-squared, significance - Simple & multiple linear regression - Forecasting & trend analysis |
| Topic 2: Probability & Statistical Inference | 20% | - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals - Correlation vs. causation |
| Topic 3: Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Role of data in business decisions - Types of analytics: descriptive, predictive, prescriptive |
| Topic 4: Decision Models & Prescriptive Analytics | 15% | - Decision trees, payoff matrices, expected value - Optimization, sensitivity analysis - Quality & process improvement tools |
| Topic 5: Statistical Concepts & Descriptive Analytics | 25% | - Measures of central tendency, dispersion, distribution - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods |
A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
Correct Answer: C 🗳️
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Which two types of graphs illustrate and analyze measurements or trends over time?
Choose 2 answers.
Correct Answer: A,D 🗳️
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Which two characteristics must a researcher consider concerning data quality when ensuring that an analysis is based on a clean data set?
Choose 2 answers.
Correct Answer: A,D 🗳️
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A hospital hires a third-party company to train its surgery team on the latest techniques and assess the team's current procedures in the operating room.
Which results-based management (RBM) stage is represented in this scenario?
Correct Answer: C 🗳️
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A professional services firm is undergoing a business process improvement exercise to improve productivity, staff morale, and client satisfaction while also thinking about the overall long-term financial performance of the company.
Which performance tool would best meet this firm ' s objectives?
Correct Answer: A 🗳️
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