WGU C723 Quantitative Analysis for Business 2026/2027 | Study Guide, Practice Questions & Exam Review

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Q&As




WGU C723 Quantitative Analysis
For Business Verified Answers
(2025)!!




Quantitative Analysis - Answer Analysis using objective data



Qualitative Analysis - Answer Analysis using subjective Data



Response Variable - Answer Another name for the dependent
variable



Explanatory Variable - Answer Another name for the
dependent variable




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Q&As
Negative Correclation - Answer Correlation that occurs when
one variable increases and the other variable decreases



Positive Correlation - Answer Correlation that occurs when
one variable and the other



Nonnumeric Data - Answer Data of a form such as words,
symbols, or letters that are not used in calculations



Numerical Data - Answer Data represented by numbers



Trendline - Answer Line that shows the general direction of
the relationship of points over time



Objective Data - Answer Measurable data often obtained
through observations or testing



Correlation - Answer Measure of the strength of the linear
relationship between variables

-does not apply cause and affect "shoe size doesn't affect reading
ability even though they are closely related in grades school"

-used to compare two variables to determine the strength of the
linear relationship between them



Metric - Answer Measurement used to gauge performance




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Q&As


Forecasting - Answer Method or process used to make short
range decisions where the actual outcomes have not yet occurred



Subjective Data - Answer Non-measurable data often
obtained through surveys or interviews



Descriptive Statistics - Answer The analysis of data, to
describe, interpret, and summarize data in a meaningful way



Inferential Statistics - Answer The analysis of data to reach
conclusions, generalizations, and estimations based on a small
sample of the population



Statistics - Answer The gathering, organizing, and
interpreting of numerical data



Moderating Variable - Answer Variable that changes the
effect of independent variable on the dependent variable



Dependent Variable - Answer Variable that is being measured
or affected



Independent Variable - Answer Variable that is free to change
in a given model




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Q&As
Quantitative Analysis: models - Answer -Decision Tree

-Network Diagram

-ANOVA

-Linear regression

-Linear Programming

-Break-even Analysis

-Simulation

-and more



Qualitative Analysis: Models - Answer - Surveys

-Brainstorming Session

-Raking (favorites)

-Subjective Judgment

-and more



PEMDAS - Answer Parentheses, Exponents, Multiplication,
Division, Addition, Subtraction

* Please excuse my dear aunt sally



Y hat - Answer predictive value



Expressions - Answer consist of numbers, variables and
operations




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