C723 QUANTITATIVE ANALYSIS FOR
BUSINESS ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ 2 Over the last three months, a small rural hospital has seen a
sudden increase in the number of patients coming to the emergency
room for non-emergency treatment. The hospital administrator
wants to know why there is a sudden increase in demand and is
considering three options to find out. Classify each method available
to the administrator as qualitative or quantitative.
Answer options may be used more than once or not at all. Select
your answers from the pull-down list.
Including an open-ended question on the intake form asking
patients, "Please explain why you selected this ER for
treatment." Intake forms can be sorted into non-emergency and
emergency categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was
selected
Qualitative
,Pulling the hospital's records for the last 10 years and sorting by
medical codes to check for similar patterns in past
years. A regression
Answer: Qualitative
cuz a why you selected question is an opinion.
Qualitative or Quality=Opinion
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
Qualitative or Quality=Opinion
Quantitative cuz how many ideas are counted for ER visits.
Quantitative or Quantity=Number
◉ 3 A local music store that hosts live music has been a very popular
hangout for years. However, the owner is concerned that the
increasing popularity of new methods of music delivery will soon
make the business obsolete. The owner is considering building a
small recording studio in the basement of the store. The nearest
professional studio is 50 miles away, so a new studio may appeal to
local musicians and increase foot traffic. The owner has all the costs
of building the studio and has also estimated how much revenue
might increase due to the new studio (from studio rental fees,
increased food and drink sales if more people come to the live music
,shows, etc.). The owner will use this information to determine the
net present value for the studio.
Which method of analysis should this owner use to make a
determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative
Answer: Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative
or Quantity=Number.
◉ 4 How should quantitative analysis improve subsequent decision
making for a firm that wants to determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making a profit
O It will let the company determine the average revenue it made.
O It will help the company see which customers bought its items.
O It will help the company see the competitors' average revenue.
Answer: It will let the company determine the average revenue it
made.
, cuz revenue is the question to answer
◉ 5 An employee working for the Highway Safety Department in
Albany, New York has the job to predict the automobile accidents in
Albany for the next year. The employee currently has monthly data
on the following variables for the city of Albany: the number of
automobiles registered, the sales of alcoholic beverages, and the
rainfall in inches.
How can this employee realistically predict the accidents in Albany
for next year?
O Use the ratio of accidents versus each of the other variables and
then average the three values
O Use a multiple regression equation using accident as the
dependent variable and others as independent variables
O Use a multiple regression equation using automobiles registered
as the dependent variable and others as independent
variables
O Use the sales of alcoholic beverages because the other variables
are less significant
BUSINESS ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ 2 Over the last three months, a small rural hospital has seen a
sudden increase in the number of patients coming to the emergency
room for non-emergency treatment. The hospital administrator
wants to know why there is a sudden increase in demand and is
considering three options to find out. Classify each method available
to the administrator as qualitative or quantitative.
Answer options may be used more than once or not at all. Select
your answers from the pull-down list.
Including an open-ended question on the intake form asking
patients, "Please explain why you selected this ER for
treatment." Intake forms can be sorted into non-emergency and
emergency categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was
selected
Qualitative
,Pulling the hospital's records for the last 10 years and sorting by
medical codes to check for similar patterns in past
years. A regression
Answer: Qualitative
cuz a why you selected question is an opinion.
Qualitative or Quality=Opinion
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
Qualitative or Quality=Opinion
Quantitative cuz how many ideas are counted for ER visits.
Quantitative or Quantity=Number
◉ 3 A local music store that hosts live music has been a very popular
hangout for years. However, the owner is concerned that the
increasing popularity of new methods of music delivery will soon
make the business obsolete. The owner is considering building a
small recording studio in the basement of the store. The nearest
professional studio is 50 miles away, so a new studio may appeal to
local musicians and increase foot traffic. The owner has all the costs
of building the studio and has also estimated how much revenue
might increase due to the new studio (from studio rental fees,
increased food and drink sales if more people come to the live music
,shows, etc.). The owner will use this information to determine the
net present value for the studio.
Which method of analysis should this owner use to make a
determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative
Answer: Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative
or Quantity=Number.
◉ 4 How should quantitative analysis improve subsequent decision
making for a firm that wants to determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making a profit
O It will let the company determine the average revenue it made.
O It will help the company see which customers bought its items.
O It will help the company see the competitors' average revenue.
Answer: It will let the company determine the average revenue it
made.
, cuz revenue is the question to answer
◉ 5 An employee working for the Highway Safety Department in
Albany, New York has the job to predict the automobile accidents in
Albany for the next year. The employee currently has monthly data
on the following variables for the city of Albany: the number of
automobiles registered, the sales of alcoholic beverages, and the
rainfall in inches.
How can this employee realistically predict the accidents in Albany
for next year?
O Use the ratio of accidents versus each of the other variables and
then average the three values
O Use a multiple regression equation using accident as the
dependent variable and others as independent variables
O Use a multiple regression equation using automobiles registered
as the dependent variable and others as independent
variables
O Use the sales of alcoholic beverages because the other variables
are less significant
