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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Statistical Concepts & Descriptive Analytics | 25% | - Data types, measurement scales, sampling methods - Measures of central tendency, dispersion, distribution - Data visualization: charts, graphs, dashboards |
| Topic 2: Decision Models & Prescriptive Analytics | 15% | - Quality & process improvement tools - Decision trees, payoff matrices, expected value - Optimization, sensitivity analysis |
| Topic 3: Predictive Analytics & Regression | 20% | - Simple & multiple linear regression - Interpreting coefficients, R-squared, significance - Forecasting & trend analysis |
| Topic 4: Foundations of Data-Driven Decision Making | 20% | - Ethics, privacy, and data governance - Types of analytics: descriptive, predictive, prescriptive - Role of data in business decisions |
| Topic 5: Probability & Statistical Inference | 20% | - Correlation vs. causation - Probability rules, distributions, expected value - Hypothesis testing, p-values, confidence intervals |
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NEW QUESTION # 93
What is a statistical process control procedure for a drill manufacturer?
Answer: B
Explanation:
Statistical process control (SPC)focuses on monitoring production processes to ensure they remain within acceptable limits. In data-driven decision making, SPC uses control charts and statistical measures to detect variation and identify whether a process is operating as intended.
For a drill manufacturer, determining whether theweight of selected drills is within a tolerable rangeis a classic SPC activity. Consistent weight indicates stable materials and manufacturing processes, while deviations may signal defects or process drift.
Market segmentation and demand forecasting are strategic analytics tasks, not process control activities.
Collaborative planning forecasting and replenishment relates to supply chain coordination rather than manufacturing quality control.
Therefore, the correct answer isB, as SPC is concerned with maintaining process consistency and product quality.
NEW QUESTION # 94
Which two statements describe Ishikawa's seven basic tools of quality?
Choose 2 answers.
Answer: B,D
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 # 95
In an experimental study, researchers are testing a new flea preventive medication on dogs using a blind study. Dogs are treated with the new medication or with a placebo.
Who should know which dogs are given the medication or the placebo for this blind study?
Answer: A
Explanation:
In ablind study, the purpose is to reduce bias that may influence responses or outcomes. In data-driven decision making, a blind study is designed so thatsubjects and response gatherers do not knowwhich treatment is administered, while the researchers do retain this information to correctly manage and analyze the experiment.
In this scenario, dog owners and response gatherers should not know whether the dogs received the medication or a placebo, as this knowledge could influence reporting of outcomes or observations. However, researchers must know which treatment each dog receives to ensure proper administration, monitoring, and statistical analysis.
If neither researchers nor participants knew the assignments, the study would be classified as adouble-blind study, which is not stated here. Allowing owners or response gatherers to know treatment assignments would introduce bias and undermine experimental validity.
Therefore, in a blind study,only the researchersshould know which dogs received the medication or placebo, making optionCthe correct answer.
NEW QUESTION # 96
A sample of 1,020 people was asked how many minutes they exercise on a typical day. The data were plotted and determined to beskewed leftwith a mean of 44.75 minutes.
Which boxplot correctly graphs this data?
Answer: D
NEW QUESTION # 97
How should Ishikawa's seven basic tools of quality be used?
Choose 2 answers.
Answer: A,C
Explanation:
Ishikawa's seven basic tools of quality are designed to support practical problem-solving and continuous improvement across all levels of an organization. These tools are most effective when used in combination and when the output from one tool serves as the input for another. For example, a check sheet can be used to collect defect data, which can then be summarized in a Pareto chart, and the findings may later be explored further with a cause-and-effect diagram. This interconnected use is one of the reasons the tools are so widely valued in quality management. The statement that the tools should only be used by high-level managers is incorrect because one of their strengths is accessibility; they are intended to be understandable and usable by ordinary workers as well as supervisors and analysts. The statement about recognizing trends within only one graph is also too restrictive and does not describe the broader practical use of the tools. Therefore, the correct answers are that the output from one tool can become another tool's input and that the tools can be used together.
NEW QUESTION # 98
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