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WPC 300 QUIZZES TOGETHER COMPLETELY SOLVED!!!

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QUIZ ONE - ANSWER Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - ANSWER 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 - ANSWER Sunk-cost fallacy ________ refers to a bias that causes an individual to value an owned obj...

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WPC 300 FINAL EXAM CORRECT 100%

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Which of the following describes the standard deviation? - ANSWER It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - ANSWER close to 1 According to statistical notation, what does ∑ stand for? - ANSWER to act as a summation operator The ________ is the observation that occurs most frequently. - ANSWER mode The difference between the first and third quartiles is referred to as the ____________. -...

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WPC 300 FINAL & ACTUAL EXAMS|| CORRECT QUESTIONS & SOLUTIONS|| 2024 LATEST UPDATE|| VERIFIED

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Heuristic - ANSWER Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics - ANSWER developing actionable decisions or rec for action based on insights from histroical data -combo of computer tech, mgt sci techniques, and states to solve real problems -sports analytics, tinder descriptive - ANSWER preliminary stage, create summary of histroical data to ...

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WPC 300 Final Exam Complete Questions & Answers(GRADED A)

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perform business discovery - ANSWER In an agile approach of analytics what is the first step of the process? data warehouse - ANSWER In an ETL process, data is loaded into a final target database such as: prescriptive analytics - ANSWER Which of the following data analysis models use optimization techniques? Prescriptive Analytics - ANSWER Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions mos...

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FLORIDA CAM || ACTUAL EXAM|| CORRECT QUESTIONS & SOLUTIONS|| LATEST UPDATE|| RATED A+ 2024 COMPLETE EXAM BUNDLE

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FLORIDA CAM || ACTUAL EXAM|| CORRECT QUESTIONS & SOLUTIONS|| LATEST UPDATE|| RATED A+ 2024 COMPLETE EXAM BUNDLEFLORIDA CAM || ACTUAL EXAM|| CORRECT QUESTIONS & SOLUTIONS|| LATEST UPDATE|| RATED A+ 2024 COMPLETE EXAM BUNDLEFLORIDA CAM || ACTUAL EXAM|| CORRECT QUESTIONS & SOLUTIONS|| LATEST UPDATE|| RATED A+ 2024 COMPLETE EXAM BUNDLEFLORIDA CAM || AC

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Florida CAM Multiple Choice Correct 100%

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The pH of the pool water must be maintained at: - ANSWER 7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - ANSWER May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to the DFCTSMH Trust Fund. - ANSWER $4.00/year Toca Chica Cooperative, with 35 units, has joined with Levitz Office Condominium, to form a self-insurance pool for windstorm insurance. Le...

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Florida CAM Study Guide|| 50 Questions & Answers|| Verified

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Community Association: - ANSWER Real or personal property owned by 1 or more entities with legally binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and assoc. Specific rights granted to members. Pro of community living: - ANSWER Shared: armenties, maintenance expenses, operations stability/security, centralized responsibility. Con of Community living: - ANSWER loss of control, mismanagement, lawsuits, limited free...

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GOLD COAST CAM LICENSE CORRECT QUESTIONS & ANSWERS(LATEST UPDATE 2024)RATED A

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What is a legally binding agreement? - ANSWER It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement referred to in certain community associations? - ANS...

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FLORIDA PRACTICE CAM EXAM 1|| 100 QUESTIONS|| CORRECT ANSWERS|| VERIFIED

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The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called - ANSWER Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: - ANSWER An owner of a condominium unit Tom Tucker decides he can manage his association better than the management company and at significantly less cost. The board of directors of the 25 homes comprising the Too Cheap Homeowners' Association decid...

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FL CAM LICENSE CORRECT QUESTIONS & SOLUTIONS(RATED A)

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Florida Condominium Law is contained in which Chapter of the Florida Statutes? - ANSWER 718 Minutes of meeting of the BOD must be maintained for: - ANSWER 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - ANSWER Borrow money and pledge association assets as collateral to fund emergency repairs

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