(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