QUANTITATIVE ANALYSIS WGU C723 TEST
QUESTIONS AND ANSWERS
How does one define quantitative analysis? * ANSWER* The process of
gathering and analysing quantifiable and verifiable information, including
market share, wages, and revenues. ...
What is quantitative analysis used for in business? - * ANSWER* To ascertain
its success and to make decisions about marketing, sales, and even purchases.
Qualitative analysis: what is it? Based on non-quantifiable data, such as
management experience, industry cycles, R&D strength, and labour relations,
ANSWER* use subjective judgement to assess a company's worth or prospects.
Opinions and thoughts
What distinguishes quantitative analysis from qualitative analysis? - * REPLY*
In what ways does business decision-making employ quantitative analysis? - *
REPLY* At its core, qualitative analysis is the process of evaluating something
based on its quality rather than its quantity. Quantitative analysis involves
examining data, metrics, statistics, and facts.
Which business issues may be resolved with the use of qualitative analysis
techniques? - * REPLY*
Which business issues can be resolved with the use of quantitative analytical
techniques? * ANSWER* Insufficient cash flow, project scheduling, inventory
analysis, maximising profitability, reducing errors, and raising revenue.
Goal: * ANSWER* Measurable information, frequently gathered by testing or
observation.
In a particular model, the independent variable is *ANSWER*.
* ANSWER* Qualitative analysis based on subjective data.
* ANSWER* A measure of how strongly variables are linearly related to one
another.
QUESTIONS AND ANSWERS
How does one define quantitative analysis? * ANSWER* The process of
gathering and analysing quantifiable and verifiable information, including
market share, wages, and revenues. ...
What is quantitative analysis used for in business? - * ANSWER* To ascertain
its success and to make decisions about marketing, sales, and even purchases.
Qualitative analysis: what is it? Based on non-quantifiable data, such as
management experience, industry cycles, R&D strength, and labour relations,
ANSWER* use subjective judgement to assess a company's worth or prospects.
Opinions and thoughts
What distinguishes quantitative analysis from qualitative analysis? - * REPLY*
In what ways does business decision-making employ quantitative analysis? - *
REPLY* At its core, qualitative analysis is the process of evaluating something
based on its quality rather than its quantity. Quantitative analysis involves
examining data, metrics, statistics, and facts.
Which business issues may be resolved with the use of qualitative analysis
techniques? - * REPLY*
Which business issues can be resolved with the use of quantitative analytical
techniques? * ANSWER* Insufficient cash flow, project scheduling, inventory
analysis, maximising profitability, reducing errors, and raising revenue.
Goal: * ANSWER* Measurable information, frequently gathered by testing or
observation.
In a particular model, the independent variable is *ANSWER*.
* ANSWER* Qualitative analysis based on subjective data.
* ANSWER* A measure of how strongly variables are linearly related to one
another.
