Online Access Free Data-Driven-Decision-Making Practice Test

A nonprofit organization is asking for donations. It hopes to design an email campaign that will ensure it receives at least $50,000. The campaign will reach 10,000 donors and receive donations with a mean of $10 and a standard deviation of $5.
Which measure should be used to determine the probability of the campaign receiving $50,000?

• A.R-squared
• B.Median
• C.Z-score
• D.T-statistic

What is the primary goal of Six Sigma?

• A.Furthering a commitment to the SIPOC process
• B.Providing collaborative planning, forecasting, and replenishment
• C.Fostering a commitment to continuous improvement
• D.Demonstrating strong management leadership

How should a marketing consulting firm perform a cluster analysis for a new granola bar?

• A.Determine competitor benchmarks and forecasts for comparison
• B.Determine whether there are any granola bar sales trends
• C.Determine the different segments or groups to target
• D.Determine the reasons for consumer granola bar purchases

Which graphical display is used to examine the distribution of a data set with quartiles?

• A.Pareto chart
• B.Boxplot
• C.Bivariate chart
• D.Scatterplot

How is a cause-and-effect diagram used?

• A.To assign blame for manufacturing problems
• B.As a software tool to automatically generate a business process diagram
• C.As a financial risk calculation tool for a new product release
• D.To brainstorm possible root causes for an intermittency problem