WGU C723 QUANTITATIVE ANALYSIS FOR BUSINESS (PA)|
QUESTIONS & CORRECT DETAILED ANSWERS || GRADED
A+ | LATEST 2025
1. 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 man-
ager 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 ANS >> Quantitative
cuz break-even analysis using price points involves numbers
Quantitative or Quantity=Number
2. 2 Over the last three months, a small rural hospital has seen a sudden in-
1 N/ N53
,crease in the number of patients coming to the emergency room for non-emer-
gency treatment. The hospital administrator wants to know why there is a sud-
den 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 model can be built using non-emergency treatments as
the dependent variable, and various independent variables can be tested, such
as population change and unemployment levels.
Qualitative
Group brainstorming with the nurses and doctors in the hospital to see what
ideas people have for why so many
people are suddenly coming to the ER for non-emergency treatment.
2 N/ N53
,Quantitative ANS >> Qualitative N N NN
cuz a why you selected question is an opinion.
N N N N N N N N
Qualitative or Quality=Opinion
N N N
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
N N N N N N N
Qualitative or Quality=Opinion
N N N
Quantitative cuz how many ideas are counted for ER visits.
N N N N N N N N N
Quantitative or Quantity=Number
N N N
3. 3 A local music store that hosts live music has been a very popular hangout
N N N N N N N N N N N N N N
for years. However, the owner is concerned that the increasing popularity
N N N N N N N N N N N
of new methods of music delivery will soon make the business obsolete.
N N N N N N N N N N N N
The owner is considering building a
N N N N N N
small recording studio in the basement of the store. The nearest professional
N N N N N N N N N N N
studio is 50 miles away, so a new studio may appeal to local musicians and
N N N N N N N N N N N N N N N
increase foot traffic. The owner has all the costs of building the studio and has
N N N N N N N N N N N N N N N
also estimated how much revenue might increase due to the new studio (from
N N N N N N N N N N N N N
studio rental fees, increased food and drink sales if more people come to the
N N N N N N N N N N N N N N
live music shows, etc.). The owner will use this information to determine the
N N N N N N N N N N N N N
net present value for the studio.
N N N N N N
Which method of analysis should this owner use to make a determination?
N N N N N N N N N N N
O Decision tree
N N
O Expert judgment
N N
O Quantitative
N N
O Qualitative ANS >> Quantitative
N N N NN
cuz counting number cost of building, food, drink, etc. Quantitative or Quantity=Num-
N N N N N N N N N N N
ber.
N
3 N/ N53
, 4. 4 How should quantitative analysis improve subsequent decision making
N N N N N N N N
for a firm that wants to determine whether its revenue has
N N N N N N N N N N N
been increasing or decreasing for the past 10 years?
N N N N N N N N
O It will help the company see why it has been making a profit
N N N N N N N N N N N N N
O It will let the company determine the average revenue it made.
N N N N N N N N N N N
O It will help the company see which customers bought its
N N N N N N N N N N N
items.
N
O It will help the company see the competitors' average revenue. ANS >> It wi
N N N N N N N N N N N N NN N
let the
N N
4 N/ N53
QUESTIONS & CORRECT DETAILED ANSWERS || GRADED
A+ | LATEST 2025
1. 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 man-
ager 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 ANS >> Quantitative
cuz break-even analysis using price points involves numbers
Quantitative or Quantity=Number
2. 2 Over the last three months, a small rural hospital has seen a sudden in-
1 N/ N53
,crease in the number of patients coming to the emergency room for non-emer-
gency treatment. The hospital administrator wants to know why there is a sud-
den 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 model can be built using non-emergency treatments as
the dependent variable, and various independent variables can be tested, such
as population change and unemployment levels.
Qualitative
Group brainstorming with the nurses and doctors in the hospital to see what
ideas people have for why so many
people are suddenly coming to the ER for non-emergency treatment.
2 N/ N53
,Quantitative ANS >> Qualitative N N NN
cuz a why you selected question is an opinion.
N N N N N N N N
Qualitative or Quality=Opinion
N N N
Qualitative
cuz the question can't be counted like 1+2+3+4+5=15.
N N N N N N N
Qualitative or Quality=Opinion
N N N
Quantitative cuz how many ideas are counted for ER visits.
N N N N N N N N N
Quantitative or Quantity=Number
N N N
3. 3 A local music store that hosts live music has been a very popular hangout
N N N N N N N N N N N N N N
for years. However, the owner is concerned that the increasing popularity
N N N N N N N N N N N
of new methods of music delivery will soon make the business obsolete.
N N N N N N N N N N N N
The owner is considering building a
N N N N N N
small recording studio in the basement of the store. The nearest professional
N N N N N N N N N N N
studio is 50 miles away, so a new studio may appeal to local musicians and
N N N N N N N N N N N N N N N
increase foot traffic. The owner has all the costs of building the studio and has
N N N N N N N N N N N N N N N
also estimated how much revenue might increase due to the new studio (from
N N N N N N N N N N N N N
studio rental fees, increased food and drink sales if more people come to the
N N N N N N N N N N N N N N
live music shows, etc.). The owner will use this information to determine the
N N N N N N N N N N N N N
net present value for the studio.
N N N N N N
Which method of analysis should this owner use to make a determination?
N N N N N N N N N N N
O Decision tree
N N
O Expert judgment
N N
O Quantitative
N N
O Qualitative ANS >> Quantitative
N N N NN
cuz counting number cost of building, food, drink, etc. Quantitative or Quantity=Num-
N N N N N N N N N N N
ber.
N
3 N/ N53
, 4. 4 How should quantitative analysis improve subsequent decision making
N N N N N N N N
for a firm that wants to determine whether its revenue has
N N N N N N N N N N N
been increasing or decreasing for the past 10 years?
N N N N N N N N
O It will help the company see why it has been making a profit
N N N N N N N N N N N N N
O It will let the company determine the average revenue it made.
N N N N N N N N N N N
O It will help the company see which customers bought its
N N N N N N N N N N N
items.
N
O It will help the company see the competitors' average revenue. ANS >> It wi
N N N N N N N N N N N N NN N
let the
N N
4 N/ N53
