lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
1Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
Help Articles
PRE-ASSESSMENT - QUANTITATIVE ANALYSIS FOR
BUSINESS (PHFO)
Attempt #1
Status: Not Passed
1. A car stereo company is planning to introduce a new product into the market. It faces stiff
competition from two other organization 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?
YOUR CORRECT
ANSWER ANSWER
Quantitative
Qualitative
Payback table
Expert judgment
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.
YOUR CORRECT
ANSWER ANSWER
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 1 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
1 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
2Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
Including an open-ended Qualitative Qualitative
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.
Group brainstorming Qualitative Qualitative
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.
Pulling the hospital’s Quantitative Quantitative
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.
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 2 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
2 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
3Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
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 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 shows, etc.). The
owner will use this information to determine net present value for the studio.
Which method of analysis should this owner use to make a determination?
YOUR CORRECT
ANSWER ANSWER
Qualitative
Quantitative
Decision tree
Expert judgment
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?
YOUR CORRECT
ANSWER ANSWER
It will let the company determine the average revenue it made.
It will help the company see which customers bought its items.
It will help the company see why it has been making a profit.
It will help the company see the competitors’ average revenue.
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 3 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
3 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
4Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
5. An employee working for the Highway Safety Department in Albany, New York has the job to
predict the automobile accidents in Albany for the next year. The employee currently has monthly
data on the following variables for the city of Albany: the number of automobiles registered, the
sales of alcoholic beverages, and the rainfall in inches.
How can this employee realistically predict the accidents in Albany for next year?
YOUR CORRECT
ANSWER ANSWER
Use a multiple regression equation using accident as the
dependent variable and others as independent variables
Use a multiple regression equation using automobiles registered
as the dependent variable and others as independent variables
Use the ratio of accidents versus each of the other variables and
then average the three values
Use the sales of alcoholic beverages because the other variables
are less significant
6. A marketing manager for a corporation that markets a broad range of food brands needs to plan a
monthly marketing, advertising, and sales promotion budget for next year and is looking at
monthly sales. One brand shows dramatic fluctuations in sales over the past three years.
How should this manager use quantitative analysis to make budgeting decisions for this brand?
YOUR CORRECT
ANSWER ANSWER
Use average sales values for all of the months over the past two
years
Use last year’s budget amounts regardless of average sales values
Compute quarterly averages based on each month in the quarter
Compute seasonality indices for each month to forecast next
year’s monthly sales
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 4 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
4 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
1Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
Help Articles
PRE-ASSESSMENT - QUANTITATIVE ANALYSIS FOR
BUSINESS (PHFO)
Attempt #1
Status: Not Passed
1. A car stereo company is planning to introduce a new product into the market. It faces stiff
competition from two other organization 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?
YOUR CORRECT
ANSWER ANSWER
Quantitative
Qualitative
Payback table
Expert judgment
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.
YOUR CORRECT
ANSWER ANSWER
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 1 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
1 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
2Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
Including an open-ended Qualitative Qualitative
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.
Group brainstorming Qualitative Qualitative
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.
Pulling the hospital’s Quantitative Quantitative
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.
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 2 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
2 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
3Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
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 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 shows, etc.). The
owner will use this information to determine net present value for the studio.
Which method of analysis should this owner use to make a determination?
YOUR CORRECT
ANSWER ANSWER
Qualitative
Quantitative
Decision tree
Expert judgment
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?
YOUR CORRECT
ANSWER ANSWER
It will let the company determine the average revenue it made.
It will help the company see which customers bought its items.
It will help the company see why it has been making a profit.
It will help the company see the competitors’ average revenue.
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 3 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
3 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
, lOMoARcPSD|44532475
Quantitative
WGU Complete
Analysis
Student review
Portal in Business
with chapter-based
- C723 Questions
questions
andand
Answers.pdf=
accurate
Page answers.
4Includes
of 53 2026//2027
accurately Pre-Assessment
reviewed questions
for and
Quantitative
verified answers.
Analysis
12/3/24, in Busi
12:07 PM
5. An employee working for the Highway Safety Department in Albany, New York has the job to
predict the automobile accidents in Albany for the next year. The employee currently has monthly
data on the following variables for the city of Albany: the number of automobiles registered, the
sales of alcoholic beverages, and the rainfall in inches.
How can this employee realistically predict the accidents in Albany for next year?
YOUR CORRECT
ANSWER ANSWER
Use a multiple regression equation using accident as the
dependent variable and others as independent variables
Use a multiple regression equation using automobiles registered
as the dependent variable and others as independent variables
Use the ratio of accidents versus each of the other variables and
then average the three values
Use the sales of alcoholic beverages because the other variables
are less significant
6. A marketing manager for a corporation that markets a broad range of food brands needs to plan a
monthly marketing, advertising, and sales promotion budget for next year and is looking at
monthly sales. One brand shows dramatic fluctuations in sales over the past three years.
How should this manager use quantitative analysis to make budgeting decisions for this brand?
YOUR CORRECT
ANSWER ANSWER
Use average sales values for all of the months over the past two
years
Use last year’s budget amounts regardless of average sales values
Compute quarterly averages based on each month in the quarter
Compute seasonality indices for each month to forecast next
year’s monthly sales
https://my.wgu.edu/coaching-report/preassessment-report/v1/studentPidm/11639741/assessmentCode/PHFO/testDate/1732129095 Page 4 of 53
2026-2027: Pre-Assessment
Pre-AssessmentforforQuantitative
QuantitativeAnalysis
AnalysisinPage
inBusiness
Business
4 of 53
- C723
- C723Questions
Questionsand
andAnswers
Answers.pdf- (exam preparation).
Downloaded by madiba South Africa stuvia ()
