C723 Quantitative Analysis For
Business (PA) Exam Questions and
Answers 100% Pass
1 A car stereo company is planning to introduce a new product into the market. It
faces stiff competition from two other organizations with similar products. The
company's marketing manager has asked the production manager to perform a
break-even analysis using three different price points. The marketing manager will
use the results to set a price for the new product.
Which type of method is a break-even analysis?
O Expert judgment
O Quantitative
O Qualitative
O Payback table - ANSWER-Quantitative
cuz break-even analysis using price points involves numbers
Quantitative or Quantity=Number
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,2 Over the last three months, a small rural hospital has seen a sudden increase in
the number of patients coming to the emergency room for non-emergency
treatment. The hospital administrator wants to know why there is a sudden
increase in demand and is considering three options to find out. Classify each
method available to the administrator as qualitative or quantitative.
Answer options may be used more than once or not at all. Select your answers
from the pull-down list.
Including an open-ended question on the intake form asking patients, "Please
explain why you selected this ER for
treatment." Intake forms can be sorted into non-emergency and emergency
categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was selected
Qualitative
Pulling the hospital's records for the last 10 years and sorting by medical codes to
check for similar patterns in past
years. A regression - ANSWER-Qualitative
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,cuz a why you selected question is an opinion.
Qualitative or Quality=Opinion
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
Qualitative or Quality=Opinion
Quantitative cuz how many ideas are counted for ER visits.
Quantitative or Quantity=Number
3 A local music store that hosts live music has been a very popular hangout for
years. However, the owner is concerned that the increasing popularity of new
methods of music delivery will soon make the business obsolete. The owner is
considering building a
small recording studio in the basement of the store. The nearest professional
studio is 50 miles away, so a new studio may appeal to local musicians and increase
foot traffic. The owner has all the costs of building the studio and has also
estimated how much revenue might increase due to the new studio (from studio
rental fees, increased food and drink sales if more people come to the live music
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, shows, etc.). The owner will use this information to determine the net present
value for the studio.
Which method of analysis should this owner use to make a determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative - ANSWER-Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative or
Quantity=Number.
4 How should quantitative analysis improve subsequent decision making for a firm
that wants to determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making a profit
O It will let the company determine the average revenue it made.
O It will help the company see which customers bought its items.
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Business (PA) Exam Questions and
Answers 100% Pass
1 A car stereo company is planning to introduce a new product into the market. It
faces stiff competition from two other organizations with similar products. The
company's marketing manager has asked the production manager to perform a
break-even analysis using three different price points. The marketing manager will
use the results to set a price for the new product.
Which type of method is a break-even analysis?
O Expert judgment
O Quantitative
O Qualitative
O Payback table - ANSWER-Quantitative
cuz break-even analysis using price points involves numbers
Quantitative or Quantity=Number
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 1
,2 Over the last three months, a small rural hospital has seen a sudden increase in
the number of patients coming to the emergency room for non-emergency
treatment. The hospital administrator wants to know why there is a sudden
increase in demand and is considering three options to find out. Classify each
method available to the administrator as qualitative or quantitative.
Answer options may be used more than once or not at all. Select your answers
from the pull-down list.
Including an open-ended question on the intake form asking patients, "Please
explain why you selected this ER for
treatment." Intake forms can be sorted into non-emergency and emergency
categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was selected
Qualitative
Pulling the hospital's records for the last 10 years and sorting by medical codes to
check for similar patterns in past
years. A regression - ANSWER-Qualitative
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 2
,cuz a why you selected question is an opinion.
Qualitative or Quality=Opinion
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
Qualitative or Quality=Opinion
Quantitative cuz how many ideas are counted for ER visits.
Quantitative or Quantity=Number
3 A local music store that hosts live music has been a very popular hangout for
years. However, the owner is concerned that the increasing popularity of new
methods of music delivery will soon make the business obsolete. The owner is
considering building a
small recording studio in the basement of the store. The nearest professional
studio is 50 miles away, so a new studio may appeal to local musicians and increase
foot traffic. The owner has all the costs of building the studio and has also
estimated how much revenue might increase due to the new studio (from studio
rental fees, increased food and drink sales if more people come to the live music
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 3
, shows, etc.). The owner will use this information to determine the net present
value for the studio.
Which method of analysis should this owner use to make a determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative - ANSWER-Quantitative
cuz counting number cost of building, food, drink, etc. Quantitative or
Quantity=Number.
4 How should quantitative analysis improve subsequent decision making for a firm
that wants to determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making a profit
O It will let the company determine the average revenue it made.
O It will help the company see which customers bought its items.
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 4
