C723 QUANTITATIVE ANALYSIS FOR
BUSINESS STUDY GUIDE WGU 2026 WITH
CORRECT ANSWERS | VERIFIED
SOLUTIONS. STUDY GUIDE FOR
QUANTITATIVE ANALYSIS FOR BUSINESS
(C723)
1 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 Correct 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
2 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 Correct Answer Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative
or Quantity=Number.
3 A car stereo company is planning to introduce a new product
into the market. It faces stiff competition from two other
organizations with similar products. The company's marketing
manager has asked the production manager to perform a break-
even analysis using three different price points. The marketing
manager will use the results to set a price for the new product.
Which type of method is a break-even analysis?
O Expert judgment
O Quantitative
O Qualitative
, O Payback table Correct Answer Quantitative
cuz break-even analysis using price points involves numbers
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.
Correct 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.
BUSINESS STUDY GUIDE WGU 2026 WITH
CORRECT ANSWERS | VERIFIED
SOLUTIONS. STUDY GUIDE FOR
QUANTITATIVE ANALYSIS FOR BUSINESS
(C723)
1 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 Correct 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
2 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 Correct Answer Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative
or Quantity=Number.
3 A car stereo company is planning to introduce a new product
into the market. It faces stiff competition from two other
organizations with similar products. The company's marketing
manager has asked the production manager to perform a break-
even analysis using three different price points. The marketing
manager will use the results to set a price for the new product.
Which type of method is a break-even analysis?
O Expert judgment
O Quantitative
O Qualitative
, O Payback table Correct Answer Quantitative
cuz break-even analysis using price points involves numbers
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.
Correct 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.
