WPC 300 EXAM QUESTIONS AND
ANSWERS 100% PASS 2026/2027
Gamblers' fallacy is ______________
Framing effect bias
A Zero risk bias
A clustering illusion
An endowment effect bias - ANS 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 - ANS Sunk-cost fallacy
________ refers to a bias that causes an individual to value an owned object higher than its
market value.
Bandwagon effect
Clustering illusion
Endowment effect
Anchoring bias - ANS Endowment effect
@2026 ALLRIGHTS RESERVED 1
,In an ETL process, data is loaded into a final target database such as:
Operational dashboard
Public database
Social media database
Data warehouse - ANS Data warehouse
Which of the following is an example of primary data?
Firm's proprietary data
Data collected through censuses
Interviews data
Internet searchers - ANS Interviews data
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.
Prescriptive analytics
Forecast analytics
Explanatory analytics
Descriptive analytics - ANS Prescriptive analytics
In an agile approach of analytics, what is the last step of the process?
Model data
Score and deploy
Perform business discovery
Evaluate and Improve - ANS Evaluate and Improve
@2026 ALLRIGHTS RESERVED 2
, Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - ANS Prescriptive analytics
Which of the following statements is true?
Experimentation is a way of analytical thinking
Heuristic thinking is slow
Using intuition is a way of analytical thinking
Analytical thinking is not based on facts - ANS Experimentation is a way of analytical thinking
What are the four types of data analytical method?
Descriptive, logical, predictive and prescriptive
Descriptive, explanatory, predictive and prescriptive
Critical, analytical, predictive and explanatory
Descriptive, analytical, predictive and prescriptive - ANS Descriptive, explanatory, predictive
and prescriptive
QUIZ 2 - ANS
What are the three principles of describing numeric data?
Centrality, dispersion and size
Mean, median and mode
Dispersion, range and standard deviation
@2026 ALLRIGHTS RESERVED 3
ANSWERS 100% PASS 2026/2027
Gamblers' fallacy is ______________
Framing effect bias
A Zero risk bias
A clustering illusion
An endowment effect bias - ANS 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 - ANS Sunk-cost fallacy
________ refers to a bias that causes an individual to value an owned object higher than its
market value.
Bandwagon effect
Clustering illusion
Endowment effect
Anchoring bias - ANS Endowment effect
@2026 ALLRIGHTS RESERVED 1
,In an ETL process, data is loaded into a final target database such as:
Operational dashboard
Public database
Social media database
Data warehouse - ANS Data warehouse
Which of the following is an example of primary data?
Firm's proprietary data
Data collected through censuses
Interviews data
Internet searchers - ANS Interviews data
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.
Prescriptive analytics
Forecast analytics
Explanatory analytics
Descriptive analytics - ANS Prescriptive analytics
In an agile approach of analytics, what is the last step of the process?
Model data
Score and deploy
Perform business discovery
Evaluate and Improve - ANS Evaluate and Improve
@2026 ALLRIGHTS RESERVED 2
, Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Prescriptive analytics
Predictive analytics
Descriptive analytics - ANS Prescriptive analytics
Which of the following statements is true?
Experimentation is a way of analytical thinking
Heuristic thinking is slow
Using intuition is a way of analytical thinking
Analytical thinking is not based on facts - ANS Experimentation is a way of analytical thinking
What are the four types of data analytical method?
Descriptive, logical, predictive and prescriptive
Descriptive, explanatory, predictive and prescriptive
Critical, analytical, predictive and explanatory
Descriptive, analytical, predictive and prescriptive - ANS Descriptive, explanatory, predictive
and prescriptive
QUIZ 2 - ANS
What are the three principles of describing numeric data?
Centrality, dispersion and size
Mean, median and mode
Dispersion, range and standard deviation
@2026 ALLRIGHTS RESERVED 3
