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

WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - ANSWER - Prescriptive Analytics Which of the following is an ex...

WPC 300 Exam 2 Questions and Answers

WPC 300 Final Exam || With Questions & Answers (Rated A+) WPC 300 Final Exam || With Questions & Answers (Rated A+) What step of the bullet proof problem solving helps avoid making common decision-making biases? - ANSWER - Step 4: Build a work plan and time table Rule of 72 - ANSWER - The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. Expected value - ANSWER - the average of each possible outcome of a future ev...

WPC 300 Final Exam () || Complete Questions & Answers (Rated A+) WPC 300 Final Exam () || Complete Questions & Answers (Rated A+) Standard deviation of a normal data distribution is a _______. -measure of data shape -measure of data dispersion -measure of data quality -measure of data centrality - ANSWER - measure of data dispersion According to statistical notation, what does ∑ stand for? -to act as a summation operator -to represent sample statistics -to represent the number o...

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...

WPC 300 Comprehensive Exam || Questions & Solutions (Graded A+) WPC 300 Comprehensive Exam || Questions & Solutions (Graded A+) which elements are LEAST useful in storytelling with data ? - ANSWER - Sound effects Adding the grid line in the chart - ANSWER - decrease the data ink ratio Which of the following statements describes one of the basic principles for creating a good chart, as defined by Edward Tufte - ANSWER - The chart should tell a story Which of the following is a con...

WPC 300 Final Exam Questions and Answers 100% Pass In an agile approach of analytics what is the first step of the process? perform business discovery In an ETL process, data is loaded into a final target database such as: data warehouse 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 to identify the decisions mo...

WPC 300 Final Exam (2024) || All Questions & Answers (100% Accurate) WPC 300 Final Exam (2024) || All Questions & Answers (100% Accurate) Which are useful principles for data visualization? - ANSWER - The graph suggests a possible true effect The central limit theorem states that even if the population is not normally distributed, the - ANSWER - distribution of the sample mean will still be normal when the sample size is large Which of the following is a Type-I error? - ANSWER - The...

WPC 300 Final Exam Questions and Answers