WGU C723 QUANTITATIVE ANALYSIS FOR BUSINESS EXAM
COMPLETE QUESTIONS AND CORRECT ANSWERS RECENTLY
UPDATED
Quantitative Analysis
Analysis employing objective data
Analysis of Qualitative Data
Analysis utilizing subjective data
Variable of Response
Another name for the dependent variable
Variable that explains
Another name for the variable that depends on something else
Negative correlation
Correlation that happens when one variable goes up and the other goes down
Good Correlation
Correlation that happens between one variable and the other
Data that isn't numbers
Words, symbols, or letters that aren't utilized in math are examples of data.
Data in numbers
Numbers that stand for data
Line of trend
A line that indicates how the points are related to each other throughout time
Data That Is Objective
Measurable data is often collected by testing or observing.
Connection
This tells you how strong the linear relationship is between two variables.
- does not apply cause and effect; for example, "shoe size doesn't affect reading
ability, even though they are closely related in grades school."
-used to see how strong the linear relationship is between two variables
Measurement
Measurement used to rate performance
Predicting
Method or process employed for making short-term decisions prior to the
occurrence of actual outcomes.
Personal data
Non-measurable data frequently acquired via surveys or interviews.
Statistics that describe
, The examination of data to characterize, elucidate, and condense it in a
significant manner.
Statistics that use inference
The process of analyzing data to draw inferences, make generalizations, and
form estimates from a limited sample of the population.
Numbers
The collection, organization, and analysis of numbers
Variable that controls
A variable that alters the impact of the independent variable on the dependent
variable.
Variable that depends on something else
Variable that is being measured or changed
Independent Variable
A variable that can change in a certain model
Quantitative Analysis: models
-Tree of Decisions
- Diagram of the network
-ANOVA
-Regression that isn't linear
-Linear Programming
-Break-even Analysis
-Testing
-and more
Models for Qualitative Analysis
- Polls
-Session for brainstorming
-Raking (picking favorites)
-Subjective Decision
-and more
PEMDAS
Adding, subtracting, multiplying, dividing, and parentheses
* Please forgive my lovely aunt Sally
Y hat
value of prediction
Words
have numbers, variables, and operations in them
* don't have <,>,=
Inequalities and Equations
do have <.>=
Linear Equation
An equation in which the slope between any two points stays the same
Constants are numbers that stand alone, while coefficients are numbers that
come before a variable.
COMPLETE QUESTIONS AND CORRECT ANSWERS RECENTLY
UPDATED
Quantitative Analysis
Analysis employing objective data
Analysis of Qualitative Data
Analysis utilizing subjective data
Variable of Response
Another name for the dependent variable
Variable that explains
Another name for the variable that depends on something else
Negative correlation
Correlation that happens when one variable goes up and the other goes down
Good Correlation
Correlation that happens between one variable and the other
Data that isn't numbers
Words, symbols, or letters that aren't utilized in math are examples of data.
Data in numbers
Numbers that stand for data
Line of trend
A line that indicates how the points are related to each other throughout time
Data That Is Objective
Measurable data is often collected by testing or observing.
Connection
This tells you how strong the linear relationship is between two variables.
- does not apply cause and effect; for example, "shoe size doesn't affect reading
ability, even though they are closely related in grades school."
-used to see how strong the linear relationship is between two variables
Measurement
Measurement used to rate performance
Predicting
Method or process employed for making short-term decisions prior to the
occurrence of actual outcomes.
Personal data
Non-measurable data frequently acquired via surveys or interviews.
Statistics that describe
, The examination of data to characterize, elucidate, and condense it in a
significant manner.
Statistics that use inference
The process of analyzing data to draw inferences, make generalizations, and
form estimates from a limited sample of the population.
Numbers
The collection, organization, and analysis of numbers
Variable that controls
A variable that alters the impact of the independent variable on the dependent
variable.
Variable that depends on something else
Variable that is being measured or changed
Independent Variable
A variable that can change in a certain model
Quantitative Analysis: models
-Tree of Decisions
- Diagram of the network
-ANOVA
-Regression that isn't linear
-Linear Programming
-Break-even Analysis
-Testing
-and more
Models for Qualitative Analysis
- Polls
-Session for brainstorming
-Raking (picking favorites)
-Subjective Decision
-and more
PEMDAS
Adding, subtracting, multiplying, dividing, and parentheses
* Please forgive my lovely aunt Sally
Y hat
value of prediction
Words
have numbers, variables, and operations in them
* don't have <,>,=
Inequalities and Equations
do have <.>=
Linear Equation
An equation in which the slope between any two points stays the same
Constants are numbers that stand alone, while coefficients are numbers that
come before a variable.
