WGU C723 Quantitative Analysis For Business Pre Assessment Questions and answers Newest RATED A+ 100% VERIFIED CORRECT 2025/2026

WGU C723 Quantitative Analysis For Business Pre
Assessment Questions and answers Newest RATED A+
100% VERIFIED CORRECT 2025/2026
1 A car stereo company is planning to introduce a new product into the market. It faces stiff
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competition from two other organizations with similar products. The company's marketing
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manager has asked the production manager to perform a break-even analysis using three
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different price points. The marketing manager will use the results to set a price for the new
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product.
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Which type of method is a break-even analysis?
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O Expert judgment
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O Quantitative
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O QualitativeIl` Il`




O Payback table - Correct Answers Quantitative
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cuz break-even analysis using price points involves numbers
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Quantitative or Quantity=Number Il` Il`




Il` 2 Over the last three months, a small rural hospital has seen a sudden increase in the number of
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Il` patients coming to the emergency room for non-emergency treatment. The hospital
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Il` administrator wants to know why there is a sudden increase in demand and is considering three Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` options to find out. Classify each method available to the administrator as qualitative or
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Il` quantitative. Il`




Answer options may be used more than once or not at all. Select your answers from the pull-down
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list.
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Including an open-ended question on the intake form asking patients, "Please explain why you
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selected this ER for
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treatment." Intake forms can be sorted into non-emergency and emergency categories; the "non- Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




emergency" Il`




responses can be analyzed to determine reasons the hospital was selected Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`

,Qualitative Il`




Pulling the hospital's records for the last 10 years and sorting by medical codes to check for similar
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patterns in past
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years. A regression - Correct Answers Qualitative
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cuz a why you selected question is an opinion.
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Qualitative or Quality=Opinion Il` Il`




Qualitative Il`




cuz the question can't be counted like 1+2+3+4+5=15.
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Qualitative or Quality=Opinion Il` Il`




Quantitative cuz how many ideas are counted for ER visits. Il` Il` Il` Il` Il` Il` Il` Il` Il`




Quantitative or Quantity=Number Il` Il`




Il` 3 A local music store that hosts live music has been a very popular hangout for years. However,
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Il` the owner is concerned that the increasing popularity of new methods of music delivery will soon
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Il` make the business obsolete. The owner is considering building a
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small recording studio in the basement of the store. The nearest professional studio is 50 miles
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away, so a new studio may appeal to local musicians and increase foot traffic. The owner has all
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the costs of building the studio and has also estimated how much revenue might increase due to
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the new studio (from studio rental fees, increased food and drink sales if more people come to the
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live music shows, etc.). The owner will use this information to determine the net present value for
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the studio.
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Which method of analysis should this owner use to make a determination?
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O Decision tree
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,O Expert judgment
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O Quantitative
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O Qualitative - Correct Answers Quantitative
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cuz counting number cost of building, food, drink, etc. Quantitative or Quantity=Number.
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Il` 4 How should quantitative analysis improve subsequent decision making for a firm that wants to
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Il` determine whether its revenue has Il` Il` Il` Il` Il`




been increasing or decreasing for the past 10 years?
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O It will help the company see why it has been making a profit
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O It will let the company determine the average revenue it made.
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O It will help the company see which customers bought its items.
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O It will help the company see the competitors' average revenue. - Correct Answers It will let the
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company determine the average revenue it made.
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cuz revenue is the question to answer
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Il` 5 An employee working for the Highway Safety Department in Albany, New York has the job to
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Il` predict the automobile accidents in Il` Il` Il` Il` Il`




Albany for the next year. The employee currently has monthly data on the following variables for
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the city of Albany: the number of
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automobiles registered, the sales of alcoholic beverages, and the rainfall in inches. Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




How can this employee realistically predict the accidents in Albany for next year?
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O Use the ratio of accidents versus each of the other variables and then average the three values
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O Use a multiple regression equation using accident as the dependent variable and others as
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independent variables
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, O Use a multiple regression equation using automobiles registered as the dependent variable and
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others as independent
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variables Il`




O Use the sales of alcoholic beverages because the other variables are less significant - Correct
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Answers Use a multiple regression equation using accident as the dependent variable and
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others as independent variables.
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cuz accidents the question, are the dependent variable the reason why is because rain, alcohol,
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distracted, etc.
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Il` 6 A marketing manager for a corporation that markets a broad range of food brands needs to plan
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Il` a monthly marketing, advertising,
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and sales promotion budget for next year and is looking at monthly sales. One brand shows
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dramatic fluctuations in sales over the past three years.
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How should this manager use quantitative analysis to make budgeting decisions for this brand?
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O Compute quarterly averages based on each month in the quarter
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O Use last year's budget amounts regardless of average sales values
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O Compute seasonality indices for each month to forecast next year's monthly sales
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O Use average sales values for all of the months over the past two years - Correct Answers
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Compute seasonality (seasonal) indices (indexes) for each month to forecast next year's monthly
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sales.
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cuz it will give you visuals to see fluctuations in price over time.
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Il` 7 Y-hat=a+b1X1 +b2X2
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The constant is 3, the bl coefficient is 4, the b2 coefficient is —1, X1 is 3, and X2 is 6
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What is the predicted value of Y? Il` Il` Il` Il` Il` Il` Il`