Wpc 300 - Study guides, Class notes & Summaries

WPC 300 FINAL EXAM 2024/2025 TEST BANK WITH 100+ PRACTICE QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) WPC 300 FINAL EXAM 2024 (LATEST) Target is examining their online sales data during the pandemic to understand what happened. Which kind of analytical technique are they using? - ANSWERDescriptive analytics Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project the needs. Which kind of analytical...

WPC 300 FINAL EXAM WITH COMPLETE SOLUTIONS GRADED A+ Typical sampling mistake - Answer- -Unrepresentative sample -Biased respondents -Low response rate (non-response bias) or lower sample size -Biased questions Online Survey - Answer- Polls are completed only by visitors to the site -Those with an interest in the website's mission are the only ones who will participate Non-response - Answer- -Some individuals are less likely to respond to a survey, e.g., want their opinion abou...

wpc 300 final Study Guide Exam latest 2024/2025 Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize Tell an interesting and complete story - CORRECT ANSWER-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - CORRECT ANSWER-Break down the problem into pieces Iterative process (agile vs waterfall) Identify appropriate analytical/modeling techniques Routinize the...

WPC 300 Midterm 1 Latest 2024 Graded A+ Heuristic Learns by acting, uses trial and error, values experiences, relies on common sense, seeks satisfying solutions Analytic Learns by analyzing, uses step by step procedure, values quantitative and models, builds mathematical models, seeks optimal solution Data extraction Extract data from primary/secondary source Data transformation Transform/clean data into proper format or structure for the purpose of querying and analysis Dat...

WPC 300 QUIZZES TOGETHER LATEST UPDATE GRADED A+ QUIZ ONE Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias 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 Sunk-cost fallacy ________ refers to a bias that causes an individual to...

WPC 300 Exam with correct Answers

WPC 300 Final Exam (2024) || All Questions & Answers (Graded A+) WPC 300 Final Exam (2024) || All Questions & Answers (Graded A+) Which of the following describes a positively skewed histogram? a histogram for which mean and mode values are the same. a histogram that has no fluctuation in mass a histogram with large kurtosis a histogram that tails off towards the right - ANSWER - a histogram that tails off towards the right When two variables are highly positively correlated, the c...

WPC 300 EXAM QUESTIONS WITH REVISED ANSWERS (ALREADY GRADED A+) Which of the following is an application of machine learning - Answer- Predict what words or phrases will be typed next Which of the following techniques would you use to find out what additional products are being bought by the customer in conjunction with other products - Answer- Market basket analysis Google's self driving car is an example of ____ in action - Answer- Artificial Intelligence Which of the following is...

WPC 300 Final Exam (Darcy)/110 Questions and answers

WPC 300 Final Written Exam 2024/2025 (questions and answers) In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - CORRECT ANSWER-Perform business discovery 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 What are the four types of data analytical metho...