WGU C723 Quantitative Analysis for Business
1. Quantitative Analysis ans Analysis using objective data
2. Qualitative Analysis ans Analysis using subjective Data
3. Response Variable ans Another name for the dependent variable
4. Explanatory Variable ans Another name for the dependent variable
5. Negative Correclation ans Correlation that occurs when one variable increases
and the other variable decreases
6. Positive Correlation ans Correlation that occurs when one variable and the oth
7. Nonnumeric Data ans Data of a form such as words, symbols, or letters that are
not used in calculations
8. Numerical Data ans Data represented by numbers
9. Trendline ans Line that shows the general direction of the of points over
relationship time
10. Objective Data ans Measurable data often obtained through observations or
testing
11. Correlation ans 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
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, WGU C723 Quantitative Analysis for Business
12. Metric ans Measurement used to gauge performance
13. Forecasting ans Method or process used to make short range decisions where
the actual outcomes have not yet occurred
14. Subjective Data ans Non-measurable data often obtained through surveys or
inter- views
15. Descriptive Statistics ans The analysis of data, to describe, interpret, and
summa- rize data in a meaningful way
16. Inferential Statistics ans The analysis of data to reach conclusions,
generaliza- tions, and estimations based on a small sample of the population
17. Statistics ans The gathering, organizing, and interpreting of numerical data
18. Moderating Variable ans Variable that changes the effect of independent
variable on the dependent variable
19. Dependent Variable ans Variable that is being measured or affected
20. Independent Variable ans Variable that is free to change in a given model
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, WGU C723 Quantitative Analysis for Business
21. Quantitative Analysis: modelsans -Decision Tree
-Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more
22. Qualitative Analysis: Models ans - Surveys
-Brainstorming Session
-Raking (favorites)
-Subjective Judgment
-and more
23. PEMDAS ans Parentheses, Exponents, Multiplication, Division, Addition,
Subtrac- tion
* Please excuse my dear aunt sally
24. Y hat ans predictive value
25. Expressions ans consist of numbers, variables and operations
* do not have <,>,=
26. Equations and Inequalities ans do have <.>=
27. Linear Equation ans Type of equation when the slope between any two
points is constant
28. Coefficients are the numbers in front of a variable, while constants stand
alone. ans
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1. Quantitative Analysis ans Analysis using objective data
2. Qualitative Analysis ans Analysis using subjective Data
3. Response Variable ans Another name for the dependent variable
4. Explanatory Variable ans Another name for the dependent variable
5. Negative Correclation ans Correlation that occurs when one variable increases
and the other variable decreases
6. Positive Correlation ans Correlation that occurs when one variable and the oth
7. Nonnumeric Data ans Data of a form such as words, symbols, or letters that are
not used in calculations
8. Numerical Data ans Data represented by numbers
9. Trendline ans Line that shows the general direction of the of points over
relationship time
10. Objective Data ans Measurable data often obtained through observations or
testing
11. Correlation ans 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
1/
18
, WGU C723 Quantitative Analysis for Business
12. Metric ans Measurement used to gauge performance
13. Forecasting ans Method or process used to make short range decisions where
the actual outcomes have not yet occurred
14. Subjective Data ans Non-measurable data often obtained through surveys or
inter- views
15. Descriptive Statistics ans The analysis of data, to describe, interpret, and
summa- rize data in a meaningful way
16. Inferential Statistics ans The analysis of data to reach conclusions,
generaliza- tions, and estimations based on a small sample of the population
17. Statistics ans The gathering, organizing, and interpreting of numerical data
18. Moderating Variable ans Variable that changes the effect of independent
variable on the dependent variable
19. Dependent Variable ans Variable that is being measured or affected
20. Independent Variable ans Variable that is free to change in a given model
2/
18
, WGU C723 Quantitative Analysis for Business
21. Quantitative Analysis: modelsans -Decision Tree
-Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more
22. Qualitative Analysis: Models ans - Surveys
-Brainstorming Session
-Raking (favorites)
-Subjective Judgment
-and more
23. PEMDAS ans Parentheses, Exponents, Multiplication, Division, Addition,
Subtrac- tion
* Please excuse my dear aunt sally
24. Y hat ans predictive value
25. Expressions ans consist of numbers, variables and operations
* do not have <,>,=
26. Equations and Inequalities ans do have <.>=
27. Linear Equation ans Type of equation when the slope between any two
points is constant
28. Coefficients are the numbers in front of a variable, while constants stand
alone. ans
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