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 eff...
WPC 300 Exam Questions with Correct
Answers
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 object higher
than its market value.
Bandwagon effect
Clustering illusion
Endowment effect
Anchoring bias - Answer-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 - Answer-Data warehouse
Which of the following is an example of primary data?
Firm's proprietary data
Data collected through censuses
Interviews data
Internet searchers - Answer-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 - Answer-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 - Answer-Evaluate and Improve
Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - Answer-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 - Answer-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 - Answer-Descriptive, explanatory,
predictive and prescriptive
QUIZ 2 - Answer-
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 - Answer-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 - Answer-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
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