WGU C723 Quantitative Analysis For Business Pre
Assessment
1 A car stereo company is planning to introduce a newQuantitative
product into the market. It faces stiff competition from twocuz break-even analysis using price points involves numbers other organizations with similar products. The
company'sQuantitative or Quantity=Number
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? O Expert judgment
O Quantitative O Qualitative
O Payback table
,2 Over the last three months, a small rural hospital
Qualitative
has seen a sudden increase in the number of patients
cuz a why you selected question is an opinion.
coming to the emergency room for non-emergency
Qualitative or Quality=Opinion
treatment. The hospital administrator wants to know
why there is a sudden increase in demand and is
Qualitative
considering three options to find out. Classify each
cuz the question can't be counted like 1+2+3+4+5=15.
method available to the administrator as qualitative or
Qualitative or Quality=Opinion
quantitative.
Answer options may be used more than once or not at
Quantitative cuz how many ideas are counted for ER visits.
all. Select your answers from the pull-down list.
Quantitative or Quantity=Number
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.
Quantitative
, 3 A local music store that hosts live music has been a
Quantitative
very popular hangout for years. However, the owner
cuz counting number cost of building, food, drink, etc. Quantitative or
is concerned that the increasing popularity of new
Quantity=Number.
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 has 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 the net
present value for the studio.
Which method of analysis should this owner use to
make a determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative
4 How should quantitative analysis improve
It will let the company determine the average revenue it made.
subsequent decision making for a firm that wants to
cuz revenue is the question to answer
determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making
a profit
O It will let the company determine the average
revenue it made.
O It will help the company see which customers bought
its items.
O It will help the company see the competitors' average
revenue.
Assessment
1 A car stereo company is planning to introduce a newQuantitative
product into the market. It faces stiff competition from twocuz break-even analysis using price points involves numbers other organizations with similar products. The
company'sQuantitative or Quantity=Number
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? O Expert judgment
O Quantitative O Qualitative
O Payback table
,2 Over the last three months, a small rural hospital
Qualitative
has seen a sudden increase in the number of patients
cuz a why you selected question is an opinion.
coming to the emergency room for non-emergency
Qualitative or Quality=Opinion
treatment. The hospital administrator wants to know
why there is a sudden increase in demand and is
Qualitative
considering three options to find out. Classify each
cuz the question can't be counted like 1+2+3+4+5=15.
method available to the administrator as qualitative or
Qualitative or Quality=Opinion
quantitative.
Answer options may be used more than once or not at
Quantitative cuz how many ideas are counted for ER visits.
all. Select your answers from the pull-down list.
Quantitative or Quantity=Number
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.
Quantitative
, 3 A local music store that hosts live music has been a
Quantitative
very popular hangout for years. However, the owner
cuz counting number cost of building, food, drink, etc. Quantitative or
is concerned that the increasing popularity of new
Quantity=Number.
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 has 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 the net
present value for the studio.
Which method of analysis should this owner use to
make a determination?
O Decision tree
O Expert judgment
O Quantitative
O Qualitative
4 How should quantitative analysis improve
It will let the company determine the average revenue it made.
subsequent decision making for a firm that wants to
cuz revenue is the question to answer
determine whether its revenue has
been increasing or decreasing for the past 10 years?
O It will help the company see why it has been making
a profit
O It will let the company determine the average
revenue it made.
O It will help the company see which customers bought
its items.
O It will help the company see the competitors' average
revenue.
