Test Bank for
WGU C723 Quantitative Analysis
for Business
** Expert-Verified Explanation
** Questions with Verified Answer
** New Edition | 2026-2027 Updated
** 100% Guaranteed Pass
** 100% Correct Answers | Graded A+
, Response Variable Another name for the dependent variable
Explanatory Variable Another name for the dependent variable
Negative Correclation Correlation that occurs when one variable increases and the other variable
decreases
Positive Correlation Correlation that occurs when one variable and the other
Nonnumeric Data Data of a form such as words, symbols, or letters that are not used in
calculations
Numerical Data Data represented by numbers
Trendline Line that shows the general direction of the relationship of points over time
Objective Data Measurable data often obtained through observations or testing
Correlation Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability even
though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them
Metric Measurement used to gauge performance
Forecasting Method or process used to make short range decisions where the actual
outcomes have not yet occurred
WGU C723 Quantitative Analysis
for Business
** Expert-Verified Explanation
** Questions with Verified Answer
** New Edition | 2026-2027 Updated
** 100% Guaranteed Pass
** 100% Correct Answers | Graded A+
, Response Variable Another name for the dependent variable
Explanatory Variable Another name for the dependent variable
Negative Correclation Correlation that occurs when one variable increases and the other variable
decreases
Positive Correlation Correlation that occurs when one variable and the other
Nonnumeric Data Data of a form such as words, symbols, or letters that are not used in
calculations
Numerical Data Data represented by numbers
Trendline Line that shows the general direction of the relationship of points over time
Objective Data Measurable data often obtained through observations or testing
Correlation Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability even
though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them
Metric Measurement used to gauge performance
Forecasting Method or process used to make short range decisions where the actual
outcomes have not yet occurred
