S1 - Data-Drive Decision Making

For a test without ______ error, the ______ score is the ______ score plus ______ error.

• Random / observed / true / systematic

• Random / true / observed / systematic

• systematic / observed / true / random

• systematic / true / observed / random

When you take the Objective Assessment for this course, your score represents

• a True score

• a norm-references score

• a criterion-referenced score

• a percentile score

A telecommunication company focuses on the following critical success factors: revenue growth, customer satisfaction, and operation efficiency. Which of the following would be most appropriate for assessing if the company's revenue performance goal is being achieved?

• Key Performance Indicator

• Balanced Scorecard

• Pareto Chart

• Net Promoter Score

Which of the following is NOT necessarily an advantage of Key Performance Indicators?

• Data-driven results that make it easier to quantify performance

• Link operations with company strategy

• Allows for internal benchmarking

• Can be used across an entire organization

Which of the following is not a Balanced Scorecard perspective?

• Financials

• Customers

• Suppliers

• Internal Business Process

A nonprofit charity seeks an ongoing monitoring strategy to ensure that it is achieving its goals as measured through actual results. What approach should the company use?

• Net promoter score

• Balanced scorecard

• Big Data analysis

• Results-Based Management

Data Mining is most associated with...

• Results-based management

• Big Data

• KPI dashboards

• Linear Programming

In 1968, the price of a Big Mac was $1.60. In 2014, a Big Mac cost $4.80. Using 1968 as the base period, what is the 2014 price of a Big Mac expressed as an index?

• $4.80

• 3

• 100

• 300

A health care researcher plans to determine the number of new cases of Zika virus infections in Florida since January 2016. What analytic measure is of interest here?

• Cumulative Incidence

• Incidence rate

• Prevalence

• Ratio

Females are twice more likely to have Alzheimer's disease than males. This statement is an example of a ...

• Proportion

• Ratio

• Prevalence

• Cumulative incidence