WPC 300 Exam Bundle (Complete Answers)

Which of the problem statements require "analytical" skill to solve? P1. Do I want to be a business analyst? P2. Do I cross the street when the traffic light is red? A: P1 B: P2 C: P1 & P2 D: None - Answer-A. P1 This involves careful thinking of the past activities and assessment of...

Let us assume that you started a job on 8/21/2019. You graduated on 5/20/2022. How many days have you been working at the job as a student? - Answer-1003 (=DAYS(5/20/2022,8/21/2019)) What is the biggest difference between V Look Up and H Look Up - Answer-H Look Up works exactly like VLookUp, exce...

In Excel regression output, if the p-value associated with a coefficient in a regression analysis is less than the significance level (e.g., 0.05), what does it indicate? - Answer-The coefficient is significant Use regression analysis to predict Gross Earning based on IMDb rating, budget and runt...

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. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - Ans...

what makes analytics science - Answer-Analytics is science because Data analytics means Applying scientific methods to the collections and analyses of data, using appropriate methodology, to reveal previously-unknown information and this process is science. characteristics of science - Answer-Que...

For a normal distribution mean is ___ to median - Answer-equal Standard deviation of a normal distribution is a ___? - Answer-Measure of data dispersion Which of the following is an example of a measure of dispersion? - Answer-Variance Which of the following is an example of a sample? - Ans...

Which of the following violates the principle of data visualization? - Answer-The data-ink ratio should be higher than 1 When the lie-factor of a graphical chart is more than 1, - Answer-the size of the effect shown in the graph is bigger than the actual effect in the data. In for a chart to m...

analytical modeling techniques - Answer-Predictive Explanatory Prescriptive Descriptive- - Answer-This is a preliminary stage of data processing that creates a summary of historical data to yield useful information and possibly prepare the data for further analysis. Ex.) What happened? Whats hap...

What step of the bullet proof problem solving helps avoid making common decision-making biases? - Answer-Step 4: Build a work plan and time table Primary focus of managerial skills in 1970's - Answer-Focus on strategy Problem solving technique used for prioritization - Answer-Pruning Ste...

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 _______________ Endowmen...

Section A - Answer-Instructions: Use the following data file for this section Section A-Data [Dataset # 1]Preview the document Remember the honor code. This section is worth a total of 37.5 points. In addition to responding to multiple-choice questions, you need to submit an updated data fil...

For a normal distribution mean is _______ to median. -not equal -greater than -equal -less than - Answer-equal Which of the following describes a positively skewed histogram? -a histogram with large kurtosis -a histogram for which mean and mode values are the same. -a histogram that tails ...

heuristic - Answer-learns by acting, uses trial and error, values experience, relies on common sense, seeks satisfying solution analytics - Answer-the process of developing actionable decisions or recommendations for actions based on insights generated from historical data analytic - Answer-le...

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 his...