Exam (elaborations)
WPC 300 with 100% correct answers graded A+
- Course
- Institution
WPC 300 with 100% correct answers graded A+
[Show more]
Content preview
WPC 300 with 100% correct answersgraded A+
QUIZ ONE - correct answer ✔✔
Gamblers' 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
________ 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 - correct 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 - correct 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 - correct 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 - correct 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 - correct answer ✔✔Evaluate and Improve
Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - correct 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 - correct 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 - correct answer ✔✔Descriptive, explanatory,
predictive and prescriptive
QUIZ 2 - correct 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 - correct 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 - correct 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"
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now