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Exam Code: Data-Driven-Decision-Making
Exam Name: VPC2Data-Driven Decision MakingC207
Updated: Aug 30, 2026
Q & A: 125 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
| Topic 2: Regression and Correlation Analysis | - Linear regression modeling - Interpreting correlation and causation |
| Topic 3: Probability and Statistical Inference | - Probability concepts and distributions - Sampling methods and sampling error |
| Topic 4: Hypothesis Testing | - Null and alternative hypotheses - t-tests, chi-square tests, and significance testing |
| Topic 5: Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
Question 1
A county government wants to start a cost-effective recycling program. How can the county apply data analytic approaches to attain this goal?
A. By conducting best practices research regarding audit performance
B. By benchmarking similar strategies of other counties
C. By analyzing budgetary impacts of county contracts
D. By aligning fund allocations with the number of department employees
Question 2
What is true about outliers?
Choose 2 answers.
A. All outliers are statistically significant when using a normal distribution.
B. Outliers detected in a study are useful in determining if something does not belong in the study.
C. All observed outliers should be eliminated from a study prior to analysis.
D. Outliers that are miskeyed can be corrected prior to analysis.
Question 3
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?
A. Output
B. Outcome
C. Input
D. Activities
Question 4
A school board has nine voting members. Five members need to be chosen each year for the finance committee. Why should the combination technique be used when selecting committee members?
A. Because the selection order of committee members is not important
B. Because there is not a correlation between committee member meeting attendance and selection
C. Because the selection order of committee members is important
D. Because there is a correlation between committee member meeting attendance and selection
Question 5
The daily sales from a salon are normally distributed with a mean of $1,500 and a standard deviation of $250.
The salon owner notices that sales were $750 on a particular day.
Why should the owner be concerned about sales based on this scenario?
A. Sales of $750 are outside three standard deviations of the mean.
B. Sales of $750 are within two standard deviations of the mean.
C. Sales of $750 are within three standard deviations of the mean.
D. Sales of $750 are two standard deviations of the mean.
Solutions:
| Question 1 Answer: B | Question 2 Answer: B,D | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: A |
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