Wpc 300 exam 1 - Study guides, Class notes & Summaries

Review Final Exam for WPC 300 2024/2025 questions with A-graded answers Which of the following describes the standard deviation? - CORRECT ANSWER-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - CORRECT ANSWER-close to 1 According to statistical notation, what does ∑ stand for? - CORRECT ANSWER-to act as a summation operator The ________ is the observation that occurs most frequently. - CORR...

WPC 300 Final Exam Practice questions and answers 2024/2025 latest 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 What are the four types of data analytical method? - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? - CORRECT ANSWER-Firm...

WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...

WPC 300 Exam Questions Verified Marking Scheme New Update What step of the bullet proof problem solving helps avoid making common decision-making biases? - Answers - Step 4: Build a work plan and time table Primary focus of managerial skills in 1970's - Answers - Focus on strategy Problem solving technique used for prioritization - Answers - Pruning Steps of Bullet Proof Problem Solving - Answers - Define problem, Disaggregate, Prioritize, workplan, analyze, synthesize, communicat...

WPC 300 Exam Questions Complete Solutions Current Update (Verified A+ Pass) For a normal distribution mean is ___ to median - Answers - equal Standard deviation of a normal distribution is a ___? - Answers - Measure of data dispersion Which of the following is an example of a measure of dispersion? - Answers - Variance Which of the following is an example of a sample? - Answers - The number of IT employees out of all employees working in an office of Google Which of the following ...

WPC 300 Final Exam review 2024/2025 Actual questions and correct answers Data Variable Categories - CORRECT ANSWER-Qualitative and Quantitative Qualitative - CORRECT ANSWER-Is descriptive and conceptual and cannot be measured Quantitative - CORRECT ANSWER-Can be counted, measured, and expressed using numbers Quantitative Data Variables - CORRECT ANSWER-Numerical-interval, ratio Categorical-Nominal, ordinal (Quantitative Categorical) Nominal - CORRECT ANSWER-The numerical values just ...

WPC 300 EXAM QUESTIONS WITH ALL CORRECT ANSWERS When a person manipulates one factor and observes its effect on another factor, this is - Answer- an experiment When two variables are highly positively correlated, the correlation coefficient will be - Answer- close to 1 100 bottles of water were randomly selected from a large collection of bottles in a company's warehouse. the 100 bottles are referred to as the - Answer- sample Which is true of A/B testing - Answer- it compares tw...

WPC 300 - Final Exam Review 2024/2025 latest Heuristics - CORRECT ANSWER-Experience, intuition, rules of thumb, think fast. Analytics - CORRECT ANSWER-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - CORRECT ANSWER-___ of our energy intake goes to the brain. Since slow thinking is expensive, the body is programmed to avoid it. statistical algorithm - CORRECT ANSWER-Our brains do ...

WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...

WPC 300 Practical Exam with Complete Solutions VLOOKUP cell we want to look up information for, table with information we want to pull (use absolute reference), column with the corresponding information (number of column ex. A=1), true/false **For range of numbers, they need to be in ascending order (first cell lowest value in lowest range, last cell lowest value in highest range) Which of the following statements is NOT correct based on the sample data provided? The standard d...