WGU C723 Quantitative Analysis for Business Questions and answers New!! 100% verified correct 2025/2026

WGU C723 Quantitative Analysis for Business Questions
and answers New!! 100% verified correct 2025/2026
Quantitative Analysis Il`




Analysis using objective data
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Qualitative Analysis Il`




Analysis using subjective Data
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Response Variable Il`




Another name for the dependent variable
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Explanatory Variable Il`




Another name for the dependent variable
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Negative Correclation Il`




Correlation that occurs when one variable increases and the other variable decreases
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Positive Correlation Il`




Correlation that occurs when one variable and the other Il` Il` Il` Il` Il` Il` Il` Il`




Nonnumeric Data Il`




Data of a form such as words, symbols, or letters that are not used in calculations
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Numerical Data Il`




Data represented by numbers
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Trendline

Line that shows the general direction of the relationship of points over time
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,Objective Data Il`




Measurable data often obtained through observations or testing Il` Il` Il` Il` Il` Il` Il`




Correlation

Measure of the strength of the linear relationship between variables
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-does not apply cause and affect "shoe size doesn't affect reading ability even though they are
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closely related in grades school"
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-used to compare two variables to determine the strength of the linear relationship between
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them
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Metric

Measurement used to gauge performance Il` Il` Il` Il`




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Forecasting

Method or process used to make short range decisions where the actual outcomes have not yet
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occurred
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Subjective Data Il`




Non-measurable data often obtained through surveys or interviews Il` Il` Il` Il` Il` Il` Il`




Descriptive Statistics Il`




The analysis of data, to describe, interpret, and summarize data in a meaningful way
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Inferential Statistics Il`




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

The gathering, organizing, and interpreting of numerical data
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Moderating Variable Il`

, Variable that changes the effect of independent variable on the dependent variable
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Dependent Variable Il`




Variable that is being measured or affected
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Independent Variable Il`




Variable that is free to change in a given model
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Quantitative Analysis: models Il` Il`




-Decision Tree Il`




-Network Diagram Il`




-ANOVA
-Linear regression Il`




-Linear Programming Il`




-Break-even Analysis Il`




-Simulation
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Qualitative Analysis: Models Il` Il`




- Surveys
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-Brainstorming Session Il`




-Raking (favorites) Il`




-Subjective Judgment Il`




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PEMDAS

Parentheses, Exponents, Multiplication, Division, Addition, SubtractionIl` Il` Il` Il` Il`




* Please excuse my dear aunt sally
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Y hat Il`




predictive value Il`




Expressions

consist of numbers, variables and operations
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* do not have <,>,=
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Equations and Inequalities Il` Il`