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Exam Code: Data-Driven-Decision-Making
Exam Name: VPC2Data-Driven Decision MakingC207
Updated: Aug 18, 2026
Q & A: 125 Questions and Answers
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| Section | Objectives |
|---|---|
| Business Intelligence and Analytics | - Dashboards and Reporting - Predictive Analytics Basics - Data Mining Concepts - Key Performance Indicators (KPIs) |
| Decision-Making Frameworks | - Cost-Benefit Analysis - Rational Decision Models - Risk Analysis and Assessment - Evidence-Based Decision Making |
| Data-Driven Culture and Communication | - Ethical Considerations in Data Use - Building Data-Informed Organizations - Stakeholder Communication - Presenting Data Insights |
| Data Analysis Fundamentals | - Descriptive Statistics - Data Types and Measurement Scales - Data Quality and Cleaning - Data Visualization Techniques |
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) Mode
B) Mean
C) Z-score
D) Median
2. A researcher wants to estimate the average wholesale price of a gallon of gas in the United States. Several gas station owners along the East Coast are asked what price they pay wholesale for a gallon of gas. The researcher then averages these values for the sample mean price of a gallon of gas. Which problem would be discovered if this researcher's work were evaluated?
A) There is conscious bias in the data.
B) The sample data are not representative of the population.
C) There is response bias in the data.
D) There is faulty calibration in the data collection.
3. An analyst used multiple linear regression to show how a big box store's sales (y) are predicted by the big box store's advertising expenditure in dollars (variable x1) and the advertising expenditure in dollars of a specialty store (variable x2) in the same market. The estimated regression is y = 651.57 + 92.30x1 # 26.89x2. How are advertising expenditures and sales related in this scenario?
A) If the specialty store increases its advertising expenditures, it will decrease the big box store's sales.
B) If the big box store decreases its advertising expenditures, its sales will increase.
C) If the big box store increases its advertising expenditures, its sales will decrease.
D) If the big box store decreases its advertising expenditures, it will decrease the big box store's sales.
4. What is a statistical process control procedure for a drill manufacturer?
A) Determining the different market segments for its drills
B) Forecasting future consumer demand for its drills
C) Implementing collaborative planning forecasting and replenishment
D) Determining whether the weight of selected drills is within a tolerable range
5. Amusement Park W is in California. Amusement Park X is in Texas. A survey asks 1,000 people living in California if they prefer Amusement Park W or X.
Which problem exists with this survey?
A) Measurement bias
B) Random error
C) Systematic error
D) Information bias
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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