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

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 Exam Questions Complete Answers New Update (A+ Pass) Which of the following is NOT a principle of problem facing - Answers - routinize the procedure finding patterns in data in an example of _____ modeling - Answers - explanatory (patterns and features) Which of the following analytic techniques can be used to find out "which month had the highest sales year" - Answers - descriptive Which of the following analysis can be used to understand a casual relationship? - Answ...

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 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 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 ...

Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias - Answer-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 - Answer-Sunk-cost fallacy ________ refers to a bias that causes an individual to value an owned object higher than it...

WPC 300 Exam Questions Complete Solutions Current Update (A+ Pass) You ask five times why your computer broke. What problem-solving technique are you using to solve this problem? - Answers - 5 Whys What is the difference between VLOOKUP and HLOOKUP - Answers - Hlookup works exactly like vlookup except that the data in the lookup table is organized in rows instead of columns Which of the following statements is true about problem-solving - Answers - Good problem-solving is a process, not...

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 Primary focus of managerial skills in 1970's - Answer-Focus on strategy Problem solving technique used for prioritization - Answer-Pruning Steps of Bullet Proof Problem Solving - Answer-Define problem, Disaggregate, Prioritize, workplan, analyze, synthesize, communicate Five Whys Technique - Answer-A form of root cause analysis populariz...

analytical modeling techniques - Answer-Predictive Explanatory Prescriptive Descriptive- - Answer-This is a preliminary stage of data processing that creates a summary of historical data to yield useful information and possibly prepare the data for further analysis. Ex.) What happened? Whats happening? Well defined business problems and opportunities. Predictive - Answer-Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelih...