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WPC 300 final Questions and answers 2024/2025
WPC 300 final Questions and answers 2024/2025 QUIZ ONE - CORRECT ANSWERGamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - CORRECT 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 - CORRECT ANSWER-Sunk-cost fallacy ______...
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WPC 300 final Questions and answers 2024/2025 QUIZ ONE - CORRECT ANSWERGamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - CORRECT 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 - CORRECT ANSWER-Sunk-cost fallacy ______...
WPC 300 - Final Exam Review 2024/2025 latest
WPC 300 - Final Exam Review 2024/2025 latest Heuristics - CORRECT ANSWER-Experience, intuition, rules of thumb, think fast. Analytics - CORRECT ANSWER-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - CORRECT ANSWER-___ of our energy intake goes to the brain. Since slow thinking is expensive, the body is programmed to avoid it. statistical algorithm - CORRECT ANSWER-Our brains do ...
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WPC 300 - Final Exam Review 2024/2025 latest Heuristics - CORRECT ANSWER-Experience, intuition, rules of thumb, think fast. Analytics - CORRECT ANSWER-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - CORRECT ANSWER-___ of our energy intake goes to the brain. Since slow thinking is expensive, the body is programmed to avoid it. statistical algorithm - CORRECT ANSWER-Our brains do ...
wpc 300 final Study Guide Exam latest 2024/2025
wpc 300 final Study Guide Exam latest 2024/2025 Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize Tell an interesting and complete story - CORRECT ANSWER-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - CORRECT ANSWER-Break down the problem into pieces Iterative process (agile vs waterfall) Identify appropriate analytical/modeling techniques Routinize the...
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wpc 300 final Study Guide Exam latest 2024/2025 Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize Tell an interesting and complete story - CORRECT ANSWER-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - CORRECT ANSWER-Break down the problem into pieces Iterative process (agile vs waterfall) Identify appropriate analytical/modeling techniques Routinize the...
WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025
WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...
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WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...
WPC 300 Final Written Exam 2024/2025 (questions and answers)
WPC 300 Final Written Exam 2024/2025 (questions and answers) In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard Public database Social media database Data warehouse - CORRECT ANSWER-Data warehouse What are the four types of data analytical metho...
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WPC 300 Final Written Exam 2024/2025 (questions and answers) In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard Public database Social media database Data warehouse - CORRECT ANSWER-Data warehouse What are the four types of data analytical metho...
Review Final Exam for WPC 300 2024/2025 questions with A-graded answers
Review Final Exam for WPC 300 2024/2025 questions with A-graded answers Which of the following describes the standard deviation? - CORRECT ANSWER-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - CORRECT ANSWER-close to 1 According to statistical notation, what does ∑ stand for? - CORRECT ANSWER-to act as a summation operator The ________ is the observation that occurs most frequently. - CORR...
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Review Final Exam for WPC 300 2024/2025 questions with A-graded answers Which of the following describes the standard deviation? - CORRECT ANSWER-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - CORRECT ANSWER-close to 1 According to statistical notation, what does ∑ stand for? - CORRECT ANSWER-to act as a summation operator The ________ is the observation that occurs most frequently. - CORR...
WPC 300 Final Exam review 2024/2025 Actual questions and correct answers
WPC 300 Final Exam review 2024/2025 Actual questions and correct answers Data Variable Categories - CORRECT ANSWER-Qualitative and Quantitative Qualitative - CORRECT ANSWER-Is descriptive and conceptual and cannot be measured Quantitative - CORRECT ANSWER-Can be counted, measured, and expressed using numbers Quantitative Data Variables - CORRECT ANSWER-Numerical-interval, ratio Categorical-Nominal, ordinal (Quantitative Categorical) Nominal - CORRECT ANSWER-The numerical values just ...
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WPC 300 Final Exam review 2024/2025 Actual questions and correct answers Data Variable Categories - CORRECT ANSWER-Qualitative and Quantitative Qualitative - CORRECT ANSWER-Is descriptive and conceptual and cannot be measured Quantitative - CORRECT ANSWER-Can be counted, measured, and expressed using numbers Quantitative Data Variables - CORRECT ANSWER-Numerical-interval, ratio Categorical-Nominal, ordinal (Quantitative Categorical) Nominal - CORRECT ANSWER-The numerical values just ...
Study for 2024-2025 WPC 300 final exam Q&A
Study for WPC 300 final exam Q&A Heuristic - CORRECT 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 - CORRECT 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 - CORRECT ANSWER-...
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Study for WPC 300 final exam Q&A Heuristic - CORRECT 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 - CORRECT 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 - CORRECT ANSWER-...
WPC 300 Final Exam Practice questions and answers 2024/2025 latest
WPC 300 Final Exam Practice questions and answers 2024/2025 latest In an agile approach of analytics what is the first step of the process? - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: - CORRECT ANSWER-Data warehouse What are the four types of data analytical method? - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? - CORRECT ANSWER-Firm...
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WPC 300 Final Exam Practice questions and answers 2024/2025 latest In an agile approach of analytics what is the first step of the process? - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: - CORRECT ANSWER-Data warehouse What are the four types of data analytical method? - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? - CORRECT ANSWER-Firm...
WPC 300 Final Exam 2024/2025 latest questions and answers
WPC 300 Final Exam 2024/2025 latest questions and answers perform business discovery - CORRECT ANSWER-In an agile approach of analytics what is the first step of the process? data warehouse - CORRECT ANSWER-In an ETL process, data is loaded into a final target database such as: prescriptive analytics - CORRECT ANSWER-Which of the following data analysis models use optimization techniques? Prescriptive Analytics - CORRECT ANSWER-Predictive analytics may be applied to __________, whi...
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WPC 300 Final Exam 2024/2025 latest questions and answers perform business discovery - CORRECT ANSWER-In an agile approach of analytics what is the first step of the process? data warehouse - CORRECT ANSWER-In an ETL process, data is loaded into a final target database such as: prescriptive analytics - CORRECT ANSWER-Which of the following data analysis models use optimization techniques? Prescriptive Analytics - CORRECT ANSWER-Predictive analytics may be applied to __________, whi...
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