Wpc 300 exam 1 answers Study guides, Class notes & Summaries
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WPC 300 Exam 1 Questions & Answers 2023/2024
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WPC 300 Exam 1 Questions & Answers 2023/2024 
 
 
Anchoring bias - ANSWER-Over-reliant on the first piece of information is called 
 
Gamblers' fallacy is ____________. - ANSWER-a clustering illusion 
 
Which of the following is an example of secondary data? - ANSWER-Firm's proprietary data 
 
In an agile approach of analytics what is the first step of the process? - ANSWER-perform business discovery 
 
Predictive analytics may be applied to __________, which is a set of techniques that use de...
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WPC 300 Exam Questions & Answers 2023/2024
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WPC 300 Exam Questions & Answers 2023/2024 
 
 
which of the following propostiton describes an existing theory or belief in a population - ANSWER-null hypothesis 
 
if the confidence level is 98%, what is the margin of error in your statistical test - ANSWER-2% 
 
the one-sample z-statistics is used instead of the one-sample t-statistics when - ANSWER-when sigma is known 
 
sample of size 25 are selected from a population with mean 40 and standard deviation 5. the mean of the sample mean distri...
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Review Final Exam for WPC 300 2024/2025 questions with A-graded answers
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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...
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WPC 300 Final Exam Practice questions and answers 2024/2025 latest
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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...
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WPC 300 Final Exam Questions & Answers Complete, A+ Guide
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WPC 300 Final Exam Questions & Answers Complete, A+ Guide-perform business discovery - In an agile approach of analytics what is the first step of the process? 
 
data warehouse - In an ETL process, data is loaded into a final target database such as: 
 
prescriptive analytics - Which of the following data analysis models use optimization techniques? 
 
Prescriptive Analytics - Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts...
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WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025
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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...
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WPC 300, Exam Review Questions and answers, rated A+/ 2024/25 EXAM PREDICTION QUESTIONS/
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WPC 300, Exam Review Questions and 
answers, rated A+ 
Section A 
Instructions: 
Use the following data file for this section 
Section A-Data [Dataset # 1]Preview the document 
Remember the honor code. 
This section is worth a total of 37.5 points. 
In addition to responding to multiple-choice questions, you need to submit an updated data file with 
your name appended to the front of the filename (e.g. firstname_lastname_filename). 
Create 2 new columns as follows: 
The first new column shows ...
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WPC 300 Final Exam review 2024/2025 Actual questions and correct answers
- Exam (elaborations) • 8 pages • 2024
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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 ...
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WPC 300 Final Exam Practice questions and answers 2024/2025 latest
- Exam (elaborations) • 9 pages • 2024
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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 2024/2025 latest questions and answers
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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- $10.99
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WPC 300 Final Exam 2024/2025 latest 
questions and answers 
perform business discovery - CORRECT ANSWER-In an agile approach of analytics 
what is the first step of the process? 
data warehouse - CORRECT ANSWER-In an ETL process, data is loaded into a final 
target database such as: 
prescriptive analytics - CORRECT ANSWER-Which of the following data analysis 
models use optimization techniques? 
Prescriptive Analytics - CORRECT ANSWER-Predictive analytics may be applied to 
__________, whi...
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