WGU C723 - QUANTITATIVE ANALYSIS
FOR BUSINESS PRACTICE EXAMINATION
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ Graph showing the frequency of occurrence in each category for
quantitative data.
Answer: histogram
◍ Bar graphs are.
Answer: Qualitative data
◍ beta distribution method (3).
Answer: Used to estimate the duration of a task. Used when there is known
to be variation or possible uncertainty in the time estimates of the tasks and
subtasks
◍ A dance studio director is deciding on the routine for a children's recital.
This is a good opportunity to test a quantitative model..
Answer: False--This decision would be an artist decision with no specific
mathematical model that would apply.
◍ Are the following scenarios examples of numerical or non-numerical
analysis? 1. The ratio of boys to girls in the band2. The recommendations
for the best hamburger in town3. The location of the best sunrise in Florida.
Answer: 1. Numerical2. Non-numerical3. Non-numerical
◍ routine business processes.
Answer: Accounts receivables, accounts payables, customer service, order
processing, manufacturing, purchasing, and logistics
◍ Descriptive statistics.
, Answer: is the analysis of data to describe, interpret, and summarize data in
a meaningful way in order to find patterns.provides a summary that can be
used to compare this student with other students.
◍ Graph showing the frequency of occurrence in each category for qualitative
data.
Answer: bar chart
◍ Step 3 of the decision making model.
Answer: weigh decision criteria
◍ A non-quantifiable value because the future events are not predictable.
Answer: Uncertainty
◍ Stacked charts.
Answer: can graph more than one variable.
◍ Examples of quantitative analysis.
Answer: cost-benefit analysis, inventory analysis, logistical analysis, and
forecasting revenue.
◍ Analysis using objective data.
Answer: Quantitative analysis
◍ The general upward or downward movement of data over a relatively long
period.
Answer: trend
◍ A company develops an Excel-based model to compute Net Profit based on
multiple marketing and operating assumptions. What type of model is this?.
Answer: Quantitative
◍ expected monetary value.
Answer: The calculation considers both the likelihood or probability of the
alternative occurring and the monetary benefit assigned to the alternative
after costs are considered.weighted average of the outcomes of a decision
with the probability of each outcome serving as the weight
◍ Project scheduling analysis.
, Answer: can help with cost analysis and provide insight to where additional
costs may arise throughout the project.
◍ An example of cause and effect is "Mary turned the light switch to the on
position and the light came on.".
Answer: True
◍ Another name for a dependent variable.
Answer: Response variable
◍ Decision making.
Answer: Identify the criteria and rank them ie.. 10 being the bestWeight -
means to rate the criteria in terms of important in percentages.Criteria *
weight =
◍ Random trends.
Answer: are unpredictable trends in data.
◍ Appropriate and useful quantitative analysis ensures the use of ________
and _______ data to understand a business situation..
Answer: valid and measurable
◍ Project Management.
Answer: After identifying the critical path, the project manager can calculate
the cost of speeding up, or crashing, certain activities on the project. Only
critical path activities can be crashed.
◍ Which of the following accurately describes quantitative analysis?.
Answer: Ensuring the use of valid, reliable, and objectively measurable data
in order to understand a phenomenon.
◍ Forecasting is used in order to help establish the ________ of a future
event..
Answer: probability
◍ Choice vs decision.
Answer: decision -is to choose among reasonable alternatives.
◍ A purchasing agent wants to know the best quantity to order for a reorder of
FOR BUSINESS PRACTICE EXAMINATION
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ Graph showing the frequency of occurrence in each category for
quantitative data.
Answer: histogram
◍ Bar graphs are.
Answer: Qualitative data
◍ beta distribution method (3).
Answer: Used to estimate the duration of a task. Used when there is known
to be variation or possible uncertainty in the time estimates of the tasks and
subtasks
◍ A dance studio director is deciding on the routine for a children's recital.
This is a good opportunity to test a quantitative model..
Answer: False--This decision would be an artist decision with no specific
mathematical model that would apply.
◍ Are the following scenarios examples of numerical or non-numerical
analysis? 1. The ratio of boys to girls in the band2. The recommendations
for the best hamburger in town3. The location of the best sunrise in Florida.
Answer: 1. Numerical2. Non-numerical3. Non-numerical
◍ routine business processes.
Answer: Accounts receivables, accounts payables, customer service, order
processing, manufacturing, purchasing, and logistics
◍ Descriptive statistics.
, Answer: is the analysis of data to describe, interpret, and summarize data in
a meaningful way in order to find patterns.provides a summary that can be
used to compare this student with other students.
◍ Graph showing the frequency of occurrence in each category for qualitative
data.
Answer: bar chart
◍ Step 3 of the decision making model.
Answer: weigh decision criteria
◍ A non-quantifiable value because the future events are not predictable.
Answer: Uncertainty
◍ Stacked charts.
Answer: can graph more than one variable.
◍ Examples of quantitative analysis.
Answer: cost-benefit analysis, inventory analysis, logistical analysis, and
forecasting revenue.
◍ Analysis using objective data.
Answer: Quantitative analysis
◍ The general upward or downward movement of data over a relatively long
period.
Answer: trend
◍ A company develops an Excel-based model to compute Net Profit based on
multiple marketing and operating assumptions. What type of model is this?.
Answer: Quantitative
◍ expected monetary value.
Answer: The calculation considers both the likelihood or probability of the
alternative occurring and the monetary benefit assigned to the alternative
after costs are considered.weighted average of the outcomes of a decision
with the probability of each outcome serving as the weight
◍ Project scheduling analysis.
, Answer: can help with cost analysis and provide insight to where additional
costs may arise throughout the project.
◍ An example of cause and effect is "Mary turned the light switch to the on
position and the light came on.".
Answer: True
◍ Another name for a dependent variable.
Answer: Response variable
◍ Decision making.
Answer: Identify the criteria and rank them ie.. 10 being the bestWeight -
means to rate the criteria in terms of important in percentages.Criteria *
weight =
◍ Random trends.
Answer: are unpredictable trends in data.
◍ Appropriate and useful quantitative analysis ensures the use of ________
and _______ data to understand a business situation..
Answer: valid and measurable
◍ Project Management.
Answer: After identifying the critical path, the project manager can calculate
the cost of speeding up, or crashing, certain activities on the project. Only
critical path activities can be crashed.
◍ Which of the following accurately describes quantitative analysis?.
Answer: Ensuring the use of valid, reliable, and objectively measurable data
in order to understand a phenomenon.
◍ Forecasting is used in order to help establish the ________ of a future
event..
Answer: probability
◍ Choice vs decision.
Answer: decision -is to choose among reasonable alternatives.
◍ A purchasing agent wants to know the best quantity to order for a reorder of
