WPC 300
Arizona State University
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WPC 300 Questions with Complete Solutions
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WPC 300 Questions with Complete Solutions
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WPC 300 Midterm Questions With Complete Solutions
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Heuristics correct answer: • Experience 
• Intuition 
• Rules of thumb 
• Think fast 
 
Analytics correct answer: 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 
• Think slow 
 
A Scientific Perspective to Problem Solving correct answer: - Heuristics vs Analytics 
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WPC 300 Exam 1| 50 Questions| With Complete Solutions
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Anchoring bias correct answer: Over-reliant on the first piece of information is called 
 
Gamblers' fallacy is ____________. correct answer: a clustering illusion 
 
Which of the following is an example of secondary data? correct answer: Firm's proprietary data 
 
In an agile approach of analytics what is the first step of the process? correct answer: perform business discovery 
 
Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and...
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WPC 300 Final| 136 Questions| With Complete Solutions
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WPC 300 Final| 136 Questions| With Complete Solutions 
 
Extract, Transform, and Load (ETL) correct answer: Allows you to convert various data formats and types to adhere to one consistent system and migrate data into data warehouse 
 
a predefined process for accessing and manipulating the source data in loading it into a target database 
 
Requirements for an ETL architecture correct answer: specific business requirements 
data compliance 
data security 
data integration 
end user delivery i...
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WPC 300 Exam 1, STATA Questions With Complete Solutions
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what makes analytics science correct 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 correct answer: Questioning, exploring, observing, comparing, measuring, experimenting, discovering 
 
Science correct answer: The intellectual and practical activity encompassing the systematic study o...
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WPC 300 Final Exam| 115 Questions| With Complete Solutions
- Exam (elaborations) • 15 pages • 2023
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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 
 
4 types of Data Analytical method correct answer: Descriptive, Explanatory, Predictive, and Prescriptive 
 
Example of secondary data correct answer: Firm's proprietary data 
 
What data analysis models use optimization techniques? correct answer: Prescriptive analytics ...
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WPC 300 Quiz + Final Exam Combo| 489 Questions| With Complete Solutions
- Exam (elaborations) • 86 pages • 2023
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For a normal distribution mean is _______ to median. 
-not equal 
-greater than 
-equal 
-less than correct 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 off towards the right 
-a histogram that has no fluctuation in mass correct answer: -a histogram that tails off towards the right 
 
Which of the following describes the standard deviation? 
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WPC 300 final exam Questions With Complete Solutions
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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: preliminary stage, create summar...
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WPC 300 Exam| 133 Questions| With Complete Solutions
- Exam (elaborations) • 19 pages • 2023
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Which of the following is NOT a principle of problem facing correct answer: routinize the procedure 
 
finding patterns in data in an example of _____ modeling correct answer: explanatory 
(patterns and features) 
 
Which of the following analytic techniques can be used to find out "which month had the highest sales year" correct answer: descriptive 
 
Which of the following analysis can be used to understand a casual relationship? correct answer: explanatory 
 
The process of analytics ca...
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WPC 300 Final Questions With Complete Solutions
- Exam (elaborations) • 5 pages • 2023
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Explanatory Statistics correct answer: Name this statistic... EX: "Does the email campaign work? Does smoking cause cancer? Does fake news spread faster than authentic news? ** A is causing B 
 
Predictive Statistics correct answer: Name this statistic... EX: "Predict the NFL/NBA championship? What are expected cost? What is likely to happen? What could happen? Why is this actually happened?" ** If A happens, B might happen next 
 
Prescriptive Statistics correct answer: Name this statisti...
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