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(Solved): WPC300 Quiz 1 : Score for this attempt: 20 out of 20 : Attempt 1...


Score for this attempt: 20 out of 20
This attempt took 47 minutes.

 
Question 1
2 / 2 pts
Over-reliant on the first piece of information is called ____________

  • Clustering illusion
  • Bandwagon effect
  • Anchoring bias
  • Zero risk bias

  
Question 2
2 / 2 pts
Gamblers' fallacy is ______________

  • Framing effect bias
  • A clustering illusion
  • An endowment effect bias
  • A Zero risk bias

  
Question 3
2 / 2 pts
When you keep eating the food you don't like precisely because you already bought the food, you are committing _______________

  • Sunk-cost fallacy
  • Endowment effect bias
  • Zero risk bias
  • Availability heuristics bias

  
Question 4
2 / 2 pts
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.

  • Descriptive analytics
  • Forecast analytics
  • Prescriptive analytics
  • Explanatory analytics

 
 
Question 5
2 / 2 pts
Which of the following data analytics model use optimization techniques?

  • Diagnostic analytics
  • Descriptive analytics
  • Predictive analytics
  • Prescriptive analytics

  
Question 6
2 / 2 pts
Which of the following is an example of secondary data?

  • Firm's proprietary data
  • Simulated data
  • Interviews data
  • Survey data

 
Question 7
2 / 2 pts
Which of the following statements is true?

  • Using intuition is a way of analytical thinking
  • Experimentation is a way of analytical thinking
  • Analytical thinking is not based on facts
  • Heuristic thinking is slow

  
Question 8
2 / 2 pts
In an agile approach of analytics what is the first step of the process?

  • Score and deploy
  • Perform business discovery
  • Perform data discovery
  • Model data

  
Question 9
2 / 2 pts
What are the four types of data analytical method?

  • Descriptive, analytical, predictive and prescriptive
  • Critical, analytical, predictive and explanatory
  • Descriptive, explanatory, predictive and prescriptive
  • Descriptive, logical, predictive and prescriptive

 
Question 10
2 / 2 pts
In an ETL process, data is loaded into a final target database such as:

  • Public database
  • Data warehouse
  • Operational dashboard
  • Social media database
     


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