Title: Real Data-Driven-Decision-Making Exam Answers & Reliable Data-Driven-Decisio [Print This Page] Author: gusreed336 Time: yesterday 23:44 Title: Real Data-Driven-Decision-Making Exam Answers & Reliable Data-Driven-Decisio We are well-known for our wonderful performance on pushing more and more candidates to pass their Data-Driven-Decision-Making exams and achieve their dreaming certifications. There is no exaggeration to say that with our Data-Driven-Decision-Making study materials for 20 to 30 hours, you will be ready to pass your Data-Driven-Decision-Making Exam. Since our Data-Driven-Decision-Making exam torrent is designed on the purpose to be understood by our customers all over the world, it is compiled into the simplest language to save time and efforts.
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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. Activities
D. Input
Answer: C
Explanation:
In results-based management (RBM),activitiesrepresent the actions undertaken to achieve desired outputs and outcomes. In data-driven decision making, activities include training, assessments, and implementation efforts.
Hiring a third-party company to train staff and assess procedures is an action being performed, not the result of that action. Inputs would include funding or resources, outputs would be trained staff or reports, and outcomes would reflect improved surgical performance.
Therefore, the correct answer isD, activities.
NEW QUESTION # 71
What is the formula for calculating a simple index number?
A. The base year's price divided by the current price
B. The current price divided by the base year's price
C. The current price divided by the base year's price times 100
D. The base year's price divided by the current price times 100
Answer: C
Explanation:
Asimple index numberis used in data-driven decision making to measure relative change in a variable over time, commonly prices, quantities, or values. The standard formula for a simple price index compares the value in the current period to a base period and expresses the change as a percentage.
The correct formula is thecurrent price divided by the base year's price, multiplied by 100. This standardization allows analysts and managers to easily interpret changes relative to a reference point. An index value of 100 indicates no change from the base year, values above 100 indicate an increase, and values below 100 indicate a decrease.
This approach is widely used in economic analysis, inflation tracking, and business trend evaluation because it simplifies comparisons across time. Dividing the base year by the current price would reverse interpretation, and omitting multiplication by 100 would fail to express the index in percentage terms.
Therefore, optionAcorrectly represents the formula for calculating a simple index number.
NEW QUESTION # 72
Which two statements describe Ishikawa's seven basic tools of quality?
Choose 2 answers.
A. Processes are represented with photos of each input and output.
B. Processes are represented graphically.
C. An average worker can easily understand how to use the tools.
D. The tools help develop advanced training for employees.
Answer: B,C
Explanation:
Ishikawa'sseven basic tools of qualitywere designed to be simple, visual, and accessible. In data-driven decision making, these tools help employees identify, analyze, and solve quality problems without requiring advanced statistical expertise.
The tools-such as flowcharts, histograms, Pareto charts, and cause-and-effect diagrams-represent processes graphically, making patterns and issues easier to understand. Additionally, they are intentionally designed so thatan average worker can easily understand and use them, supporting organization-wide quality improvement.
They do not rely on photographic representations, nor are they intended for advanced or expert-level training.
Instead, they empower frontline employees to participate in continuous improvement efforts.
Therefore, the correct answers areA and C.
NEW QUESTION # 73
A county government is creating a budget for the next fiscal year. They wish to use analytics to guide their decisions about costs.
Which analytic method can the county apply to this issue?
A. Median number of projects completed last year
B. Average number of projects completed
C. Median cost for all county projects
D. Average cost per project spent by other similar counties
Answer: D
Explanation:
To guide budgeting decisions, data-driven decision making emphasizesbenchmarking against comparable organizations. Using theaverage cost per project spent by other similar countiesallows the county to assess whether its planned expenditures are reasonable and competitive.
Benchmarking provides external context that internal historical metrics cannot. While median costs or project counts describe internal performance, they do not indicate whether spending levels are appropriate relative to peers. Comparing average costs across similar counties helps identify inefficiencies, cost-saving opportunities, and realistic budget targets.
Therefore, optionAis the most effective analytic method for cost-based decision-making in this scenario.
NEW QUESTION # 74
Which graphical representation depicts the steps that compose a process?
A. Histogram
B. Scatterplot
C. Flowchart
D. Control chart
Answer: C
Explanation:
Aflowchartis the graphical tool used to depict the sequential steps that compose a process. In data-driven decision making and quality management, flowcharts visually represent how inputs move through a series of activities to produce outputs. This makes them essential for understanding, documenting, and improving processes.
Flowcharts use standardized symbols to show actions, decisions, inputs, and outputs. By mapping each step, organizations can identify inefficiencies, bottlenecks, redundancies, and opportunities for improvement. They are commonly used during process analysis, root-cause analysis, and continuous improvement initiatives.
Histograms display the distribution of numerical data, control charts monitor process variation over time, and scatterplots examine relationships between variables. None of these tools are designed to show step-by-step workflows.
Therefore, the correct answer isC, flowchart.
NEW QUESTION # 75
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