WPC 300 QUIZZES QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026/2027
QUIZ ONE - Answers
Gamblers' fallacy is ______________
Framing effect bias
A Zero risk bias
A clustering illusion
An endowment effect bias - Answers A clustering illusion
When you keep eating the food you don't like precisely because you already bought the food,
you are committing _______________
Endowment effect bias
Sunk-cost fallacy
Zero risk bias
Availability heuristics bias - Answers Sunk-cost fallacy
________ refers to a bias that causes an individual to value an owned object higher than its
market value.
Bandwagon effect
Clustering illusion
Endowment effect
Anchoring bias - Answers Endowment effect
In an ETL process, data is loaded into a final target database such as:
Operational dashboard
Public database
Social media database
Data warehouse - Answers Data warehouse
Which of the following is an example of primary data?
Firm's proprietary data
,Data collected through censuses
Interviews data
Internet searchers - Answers Interviews data
Predictive analytics may be applied to_______________, which is a set of techniques that use
descriptive data and forecasts to identify the decisions most likely to result in the best
performance.
Prescriptive analytics
Forecast analytics
Explanatory analytics
Descriptive analytics - Answers Prescriptive analytics
In an agile approach of analytics, what is the last step of the process?
Model data
Score and deploy
Perform business discovery
Evaluate and Improve - Answers Evaluate and Improve
Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - Answers Prescriptive analytics
Which of the following statements is true?
Experimentation is a way of analytical thinking
Heuristic thinking is slow
Using intuition is a way of analytical thinking
Analytical thinking is not based on facts - Answers Experimentation is a way of analytical
thinking
What are the four types of data analytical method?
, Descriptive, logical, predictive and prescriptive
Descriptive, explanatory, predictive and prescriptive
Critical, analytical, predictive and explanatory
Descriptive, analytical, predictive and prescriptive - Answers Descriptive, explanatory, predictive
and prescriptive
QUIZ 2 - Answers
What are the three principles of describing numeric data?
Centrality, dispersion and size
Mean, median and mode
Dispersion, range and standard deviation
center, spread and shape - Answers center, spread and shape
When two variables are highly negatively correlated, the correlation coefficient will be
______________
Close to 0
Close to 1
Close to 10
Close to -1 - Answers Close to -1
A researcher wants to find out if a lack of exercise leads to weight gain. Which of the following
variables could not be considered as confounder?
Both "Exercise level" and "Wight"
Weight
Age
Exercise level - Answers Both "Exercise level" and "Wight"
Which of the following is true about A/B testing?
To increase conversion rate of your website traffic, A/B testing can be beneficial.
You should test multiple elements of your landing page at a time and compare
You need to attend WPC 300 course to learn about A/B Testing
QUIZ ONE - Answers
Gamblers' fallacy is ______________
Framing effect bias
A Zero risk bias
A clustering illusion
An endowment effect bias - Answers A clustering illusion
When you keep eating the food you don't like precisely because you already bought the food,
you are committing _______________
Endowment effect bias
Sunk-cost fallacy
Zero risk bias
Availability heuristics bias - Answers Sunk-cost fallacy
________ refers to a bias that causes an individual to value an owned object higher than its
market value.
Bandwagon effect
Clustering illusion
Endowment effect
Anchoring bias - Answers Endowment effect
In an ETL process, data is loaded into a final target database such as:
Operational dashboard
Public database
Social media database
Data warehouse - Answers Data warehouse
Which of the following is an example of primary data?
Firm's proprietary data
,Data collected through censuses
Interviews data
Internet searchers - Answers Interviews data
Predictive analytics may be applied to_______________, which is a set of techniques that use
descriptive data and forecasts to identify the decisions most likely to result in the best
performance.
Prescriptive analytics
Forecast analytics
Explanatory analytics
Descriptive analytics - Answers Prescriptive analytics
In an agile approach of analytics, what is the last step of the process?
Model data
Score and deploy
Perform business discovery
Evaluate and Improve - Answers Evaluate and Improve
Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - Answers Prescriptive analytics
Which of the following statements is true?
Experimentation is a way of analytical thinking
Heuristic thinking is slow
Using intuition is a way of analytical thinking
Analytical thinking is not based on facts - Answers Experimentation is a way of analytical
thinking
What are the four types of data analytical method?
, Descriptive, logical, predictive and prescriptive
Descriptive, explanatory, predictive and prescriptive
Critical, analytical, predictive and explanatory
Descriptive, analytical, predictive and prescriptive - Answers Descriptive, explanatory, predictive
and prescriptive
QUIZ 2 - Answers
What are the three principles of describing numeric data?
Centrality, dispersion and size
Mean, median and mode
Dispersion, range and standard deviation
center, spread and shape - Answers center, spread and shape
When two variables are highly negatively correlated, the correlation coefficient will be
______________
Close to 0
Close to 1
Close to 10
Close to -1 - Answers Close to -1
A researcher wants to find out if a lack of exercise leads to weight gain. Which of the following
variables could not be considered as confounder?
Both "Exercise level" and "Wight"
Weight
Age
Exercise level - Answers Both "Exercise level" and "Wight"
Which of the following is true about A/B testing?
To increase conversion rate of your website traffic, A/B testing can be beneficial.
You should test multiple elements of your landing page at a time and compare
You need to attend WPC 300 course to learn about A/B Testing
