Wpc 300 exam 1 answers Study guides, Class notes & Summaries
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WPC 300 Final Exam review 2024/2025 Actual questions and correct answers
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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 2024/2025 latest questions and answers
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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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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 480 Final Examination Example Questions and Answers 2023-2024 With Complete Solution.
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WPC 480 Final Examination Example Questions and Answers With Complete Solution. 
Example Questions 
These questions provide examples of how current news stories will be used as a context 
in which to ask questions about the key strategy concepts and frameworks that are being 
tested as part of the final examination. This is not a practice exam, but rather just a set of 
example questions. 
There are three news stories, with questions that follow. In the actual quiz, there will 
probably be 4-5 ...
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WPC 300 Quiz 1 Exam Questions & Answers 2023/2024
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WPC 300 Quiz 1 Exam Questions & Answers 2023/2024
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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...
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WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025
- Exam (elaborations) • 12 pages • 2024
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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 Final Exam (practice questions and answers) A-Graded 2024/2025
- Exam (elaborations) • 12 pages • 2024
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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 final Study Guide Exam latest 2024/2025
- Exam (elaborations) • 21 pages • 2024
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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...
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WPC 300 Exam 1 || With Questions & 100% Correct Solutions
- Exam (elaborations) • 12 pages • 2024
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WPC 300 Exam 1 || With Questions & 100% Correct Solutions 
WPC 300 Exam 1 || With Questions & 100% Correct Solutions 
 
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 
 
Predictiv...
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