Which of the following examples demonstrate data-driven decision-making? Select all that apply.1 pointA grocery store polls customers about their brand preferences, then uses the survey results to determine which items to stock.A manufacturing company uses documented information about production processes to improve efficiency.A hospital uses statistics in health records to identify patients who may be at risk for certain diseases.A financial institution asks bank tellers for their personal impressions about customers.
Question
Which of the following examples demonstrate data-driven decision-making? Select all that apply.1 pointA grocery store polls customers about their brand preferences, then uses the survey results to determine which items to stock.A manufacturing company uses documented information about production processes to improve efficiency.A hospital uses statistics in health records to identify patients who may be at risk for certain diseases.A financial institution asks bank tellers for their personal impressions about customers.
Solution
The examples that demonstrate data-driven decision-making are:
- A grocery store polls customers about their brand preferences, then uses the survey results to determine which items to stock.
- A manufacturing company uses documented information about production processes to improve efficiency.
- A hospital uses statistics in health records to identify patients who may be at risk for certain diseases.
These examples all involve the use of data to inform decisions, which is the essence of data-driven decision-making. The last example, a financial institution asking bank tellers for their personal impressions about customers, does not demonstrate data-driven decision-making because it relies on subjective impressions rather than objective data.
Similar Questions
Surveying customers about their preferences and using that information to inform business strategy is an example of data-driven decision-making.1 pointTrueFalse
Fill in the blank: _______ are an important part of data-driven decision-making because they are people familiar with the business problem and can offer insight into the results of data analysis.
Which of the following activities are elements of data-driven decision-making? Select all that apply.1 pointRequest observations from subject-matter expertsDefine the business needFind relevant dataExclude information that is based on human intuition
elements of data-driven decision-making?
he ability to collect, analyze, and interpret data is highly sought after in various industries. Data-driven decision-making is becoming increasingly important.
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