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WPC 300 Midterm Exam Questions Correct Answers New Update (A+ Pass)

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  • WPC 300

WPC 300 Midterm Exam Questions Correct Answers New Update (A+ Pass) Heuristics - • Experience • Intuition • Rules of thumb • Think fast Analytics - the process of developing actionable decisions or recommendations for actions based on insights generated from historical data • Obs...

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  • December 26, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WPC 300
  • WPC 300
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KatelynWhitman
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WPC 300 Midterm Exam Questions
Correct Answers New Update (A+
Pass)

Heuristics - ✔✔• Experience


• Intuition


• Rules of thumb


• Think fast


Analytics - ✔✔the process of developing actionable decisions or recommendations for

actions based on insights generated from historical data




• Observe what has worked


• Experimentation


• Collect data and analyze data


• Find patterns


• Boundary and Generalizability



Author: Katelyn Whitman. ©2025, All Rights Reserved.

, 2|Page


• Think slow


A Scientific Perspective to Problem Solving - ✔✔- Heuristics vs Analytics


Decision Making Biases - ✔✔- Understand situations where biases arise




- Based on a situation, you should be able to identify what kind of cognitive bias that is




- Differentiate the major kinds of biases discussed


Analytics Process - ✔✔- Identify a problem




- Find dataset (Data collection)




- Prepare data (ETL)




- Analyze data with a data model (Descriptive, Explanatory, Predictive, and

Prescriptive)




- Interpret Results




Author: Katelyn Whitman. ©2025, All Rights Reserved.

, 3|Page


problem finding - ✔✔1. Tell an interesting and complete story


• The problem you address should be meaningful


• Solution could be reused for related problems


• Assumptions, boundaries




2. Find an appropriate solution framework


• Break down the problem into pieces


• Iterative process (agile vs. waterfall)


• Identify appropriate analytical/modeling techniques




3. Routinize the procedure


• Documentation


• Next similar question can be solved quickly


• Build a system (macros, codes, programs)


4 squares of data - ✔✔collection




cleaning



Author: Katelyn Whitman. ©2025, All Rights Reserved.

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