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WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES 2025/2026 | COMPREHENSIVE Q&A FOR GUARANTEED SUCCESS

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WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES 2025/2026 | COMPREHENSIVE Q&A FOR GUARANTEED SUCCESS

Institution
WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES
Course
WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES

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WGU C723 - QUANTITATIVE ANALYSIS FOR
BUSINESSES 2025/2026 | COMPREHENSIVE
Q&A FOR GUARANTEED SUCCESS



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.

, 2|Page




Critical Path-correct-answer-The longest sequence of tasks in the network
diagram.




Pessimistic Time-correct-answer-The worst case scenario, or maximum length of
time, to complete an activity.




Activity-correct-answer-Unique unit of the project which can be described within
limits of time.




Linear Programming-correct-answer-A mathematical technique that can be used
to identify the value of a variable for a given set of constraints.




Economic Order Quantity-correct-answer-Amount of inventory a business should
order to minimize the total amount of inventory costs, including carrying,
ordering, and shortage costs.




Inventory-correct-answer-Any goods held in stock for immediate or future use.

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WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES
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WGU C723 - QUANTITATIVE ANALYSIS FOR BUSINESSES

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