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WGU C723 Test Questions with Verified Correct Answers

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WGU C723 Test Questions with Verified Correct Answers

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WGU C723 Test Questions with Verified
Correct Answers
Quantitative Analysis

Analysis using objective data.

Qualitative Analysis

Analysis using subjective data.

How quantitative analysis is used in business decision making

Helps make strategic decisions and find statistically supported solutions to business

questions.

Biz problems that can be solved using quant analysis methods

Cost-benefit analysis and forecasting rev

Response Variable

Another name for the dependent variable.

Explanatory Variable

Another name for the independent variable.

Negative Correlation

Correlation that occurs when one variable increases and the other variable decreases.

Positive Correlation

Correlation that occurs when one variable increases and the other variable increases, too.

Nonnumeric Data

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