WGU C723 Quantitative Analysis for Business Exam
114 Questions with Verified Answers
Analysis using objective data - CORRECT ANSWER Quantitative Analysis
Analysis using subjective Data - CORRECT ANSWER Qualitative Analysis
Another name for the dependent variable - CORRECT ANSWER Response Variable
Another name for the dependent variable - CORRECT ANSWER Explanatory
Variable
Correlation that occurs when one variable increase and the other variable
decreases - CORRECT ANSWER Negative Correlation
Correlation that occurs when one variable and the other - CORRECT ANSWER
Positive Correlation
Data of a form such as words, symbols, or letters that are not used in calculations -
CORRECT ANSWER Nonnumeric Data
Data represented by numbers - CORRECT ANSWER Numerical Data
Line that shows the general direction of the relationship of points over time -
CORRECT ANSWER Trendline
,Measurable data often obtained through observations or testing - CORRECT
ANSWER Objective Data
Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability even
though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them - CORRECT ANSWER Correlation
Measurement used to gauge performance - CORRECT ANSWER Metric
Method or process used to make short range decisions where the actual
outcomes have not yet occurred - CORRECT ANSWER Forecasting
Non-measurable data often obtained through surveys or interviews - CORRECT
ANSWER Subjective Data
The analysis of data, to describe, interpret, and summarize data in a meaningful
way - CORRECT ANSWER Descriptive Statistics
The analysis of data to reach conclusions, generalizations, and estimations based
on a small sample of the population - CORRECT ANSWER Inferential Statistics
The gathering, organizing, and interpreting of numerical data - CORRECT ANSWER
Statistics
, Variable that changes the effect of independent variable on the dependent
variable - CORRECT ANSWER Moderating Variable
Variable that is being measured or affected - CORRECT ANSWER Dependent
Variable
Variable that is free to change in a given model - CORRECT ANSWER Independent
Variable
-Decision Tree
-Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more - CORRECT ANSWER Quantitative Analysis: models
- Surveys
-Brainstorming Session
-Raking (favorites)
-Subjective Judgment
-and more - CORRECT ANSWER Qualitative Analysis: Models
114 Questions with Verified Answers
Analysis using objective data - CORRECT ANSWER Quantitative Analysis
Analysis using subjective Data - CORRECT ANSWER Qualitative Analysis
Another name for the dependent variable - CORRECT ANSWER Response Variable
Another name for the dependent variable - CORRECT ANSWER Explanatory
Variable
Correlation that occurs when one variable increase and the other variable
decreases - CORRECT ANSWER Negative Correlation
Correlation that occurs when one variable and the other - CORRECT ANSWER
Positive Correlation
Data of a form such as words, symbols, or letters that are not used in calculations -
CORRECT ANSWER Nonnumeric Data
Data represented by numbers - CORRECT ANSWER Numerical Data
Line that shows the general direction of the relationship of points over time -
CORRECT ANSWER Trendline
,Measurable data often obtained through observations or testing - CORRECT
ANSWER Objective Data
Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability even
though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them - CORRECT ANSWER Correlation
Measurement used to gauge performance - CORRECT ANSWER Metric
Method or process used to make short range decisions where the actual
outcomes have not yet occurred - CORRECT ANSWER Forecasting
Non-measurable data often obtained through surveys or interviews - CORRECT
ANSWER Subjective Data
The analysis of data, to describe, interpret, and summarize data in a meaningful
way - CORRECT ANSWER Descriptive Statistics
The analysis of data to reach conclusions, generalizations, and estimations based
on a small sample of the population - CORRECT ANSWER Inferential Statistics
The gathering, organizing, and interpreting of numerical data - CORRECT ANSWER
Statistics
, Variable that changes the effect of independent variable on the dependent
variable - CORRECT ANSWER Moderating Variable
Variable that is being measured or affected - CORRECT ANSWER Dependent
Variable
Variable that is free to change in a given model - CORRECT ANSWER Independent
Variable
-Decision Tree
-Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more - CORRECT ANSWER Quantitative Analysis: models
- Surveys
-Brainstorming Session
-Raking (favorites)
-Subjective Judgment
-and more - CORRECT ANSWER Qualitative Analysis: Models
