WGU C723 - Quantitative Analysis for
Businesses Exam Questions and Answers
Graded A+
Quantitative Analysis - Correct answer-Analysis using objective data.
Qualitative Analysis - Correct answer-Analysis using subjective data.
Response Variable - Correct answer-Another name for the dependent variable.
Explanatory Variable - Correct answer-Another name for the independent variable.
Negative Correlation - Correct answer-Correlation that occurs when one variable
increases and the other variable decreases.
Positive Correlation - Correct answer-Correlation that occurs when one variable
increases and the other variable increases, too.
Nonnumeric Data - Correct answer-Data of a form such as words, symbols, or
letters that are not used in calculations.
Numerical Data - Correct answer-Data represented by numbers.
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, Trendline - Correct answer-Line that shows the general direction of the relationship
of points over time.
Objective Data - Correct answer-Measurable data oftain obtained through
observations or testing.
Correlation - Correct answer-Measure of the strength of the linear relationship
between variables.
Metric - Correct answer-Measurement used to gauge performance.
Forecasting - Correct answer-Method or process used to make short range
decisions where the actual outcomes have not yet occurred.
Subjective Data - Correct answer-Non-measurable data often obtained through
surveys or interviews.
Descriptive Statistics - Correct answer-The analysis of data to describe, interpret,
and summarize data in a meaningful way to find patterns.
Inferential Statistics - Correct answer-The analysis of data to reach conclusions,
generalizations, and estimations based on a small sample of the population.
Statistics - Correct answer-The gathering, organizing, and interpreting of numerical
data.
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Businesses Exam Questions and Answers
Graded A+
Quantitative Analysis - Correct answer-Analysis using objective data.
Qualitative Analysis - Correct answer-Analysis using subjective data.
Response Variable - Correct answer-Another name for the dependent variable.
Explanatory Variable - Correct answer-Another name for the independent variable.
Negative Correlation - Correct answer-Correlation that occurs when one variable
increases and the other variable decreases.
Positive Correlation - Correct answer-Correlation that occurs when one variable
increases and the other variable increases, too.
Nonnumeric Data - Correct answer-Data of a form such as words, symbols, or
letters that are not used in calculations.
Numerical Data - Correct answer-Data represented by numbers.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Trendline - Correct answer-Line that shows the general direction of the relationship
of points over time.
Objective Data - Correct answer-Measurable data oftain obtained through
observations or testing.
Correlation - Correct answer-Measure of the strength of the linear relationship
between variables.
Metric - Correct answer-Measurement used to gauge performance.
Forecasting - Correct answer-Method or process used to make short range
decisions where the actual outcomes have not yet occurred.
Subjective Data - Correct answer-Non-measurable data often obtained through
surveys or interviews.
Descriptive Statistics - Correct answer-The analysis of data to describe, interpret,
and summarize data in a meaningful way to find patterns.
Inferential Statistics - Correct answer-The analysis of data to reach conclusions,
generalizations, and estimations based on a small sample of the population.
Statistics - Correct answer-The gathering, organizing, and interpreting of numerical
data.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
