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| Section | Weight | Objectives |
|---|---|---|
| Foundations of Data-Driven Decision Making | 20% | - Types of analytics: descriptive, predictive, prescriptive - Role of data in business decisions - Ethics, privacy, and data governance |
| Statistical Concepts & Descriptive Analytics | 25% | - Measures of central tendency, dispersion, distribution - Data visualization: charts, graphs, dashboards - Data types, measurement scales, sampling methods |
| Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis |
| Decision Models & Prescriptive Analytics | 15% | - Quality & process improvement tools - Optimization, sensitivity analysis - Decision trees, payoff matrices, expected value |
| Probability & Statistical Inference | 20% | - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals - Correlation vs. causation |
1. Which two statements describe Ishikawa's seven basic tools of quality?
Choose 2 answers.
A) The tools help develop advanced training for employees.
B) Processes are represented graphically.
C) An average worker can easily understand how to use the tools.
D) Processes are represented with photos of each input and output.
2. Management uses a net promoter score.
What can management determine using this performance measurement?
A) Quantifiable goals to gauge employee progress
B) Quality assurance benchmarks
C) The likelihood a customer will recommend the company
D) Financial and nonfinancial information
3. Which term describes a response that appears the greatest number of times compared to other responses in a survey?
A) Outlier
B) Mean
C) Median
D) Mode
4. Which exam type compares one student's performance on a test to other students' performance?
A) A norm-referenced test
B) A criterion-referenced test
C) An essay test
D) An ad hoc test
5. What is a primary objective of the Six Sigma quality management system?
A) Approaching perfection in manufacturing operations
B) Establishing ISO 9000 standards for excellence
C) Providing an organizational roadmap for project managers and operations managers
D) Producing a balanced scorecard
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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