C723 QUANTITATIVE ANALYSIS FOR BUSINESS
EXAMINATION TEST 2026 VERIFIED QUESTIONS
WITH ANSWERS
● 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 . Answer: Use a multiple regression equation using
accident as the dependent variable and others as independent variables.
cuz accidents the question, are the dependent variable the reason why is
because rain, alcohol, distracted, etc.
● 6 A marketing manager for a corporation that markets a broad range of
food brands needs to plan a monthly marketing, advertising,
EXAMINATION TEST 2026 VERIFIED QUESTIONS
WITH ANSWERS
● 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 . Answer: Use a multiple regression equation using
accident as the dependent variable and others as independent variables.
cuz accidents the question, are the dependent variable the reason why is
because rain, alcohol, distracted, etc.
● 6 A marketing manager for a corporation that markets a broad range of
food brands needs to plan a monthly marketing, advertising,
