WGU C723 QUANTITATIVE ANALYSIS UNIT 1
QUESTIONS & ANSWERS
Metacognition - Answers - awareness of your thoughts and ability to regulate your
thoughts
Metacognition involves five distinct skills - Answers - 1. Assess the task
2. Evaluate your strengths and weaknesses
3. Plan an approach
4. Apply strategies and monitor performance
5. Reflect and adjust as needed
Define Quantitative Analysis - Answers - A methods to analyze data to look for patterns,
trends, and relationships
List 2 categories data can be classified as - Answers - 1. Subjective data - non
measurable (think likes, dislikes, opinions)
2. Objective data - measurable
List the 7 steps in Quantitative Analysis - Answers - 1. Define Problem
2. Develop mathematical model
3. Prepare and input data
4. Find best solution
5. Test solution
6. Analyze results
7. Implement solution
Define Dependent Variable - Answers - the variable that is being measured or affected
Define Independent Variable - Answers - a variable that is free to change in a given
model
Define Fishbone Diagram - Answers - a diagram named after it's shape that is used to
determine the cause of a problem
Define Forecasting - Answers - Looking at specific patterns in the present and the past
and using that information to predict future outcomes
Define Closed Answer - Answers - Predetermined answer(s) for a question
Define Open-ended Answer - Answers - An endless variety of ways to respond to a
question
QUESTIONS & ANSWERS
Metacognition - Answers - awareness of your thoughts and ability to regulate your
thoughts
Metacognition involves five distinct skills - Answers - 1. Assess the task
2. Evaluate your strengths and weaknesses
3. Plan an approach
4. Apply strategies and monitor performance
5. Reflect and adjust as needed
Define Quantitative Analysis - Answers - A methods to analyze data to look for patterns,
trends, and relationships
List 2 categories data can be classified as - Answers - 1. Subjective data - non
measurable (think likes, dislikes, opinions)
2. Objective data - measurable
List the 7 steps in Quantitative Analysis - Answers - 1. Define Problem
2. Develop mathematical model
3. Prepare and input data
4. Find best solution
5. Test solution
6. Analyze results
7. Implement solution
Define Dependent Variable - Answers - the variable that is being measured or affected
Define Independent Variable - Answers - a variable that is free to change in a given
model
Define Fishbone Diagram - Answers - a diagram named after it's shape that is used to
determine the cause of a problem
Define Forecasting - Answers - Looking at specific patterns in the present and the past
and using that information to predict future outcomes
Define Closed Answer - Answers - Predetermined answer(s) for a question
Define Open-ended Answer - Answers - An endless variety of ways to respond to a
question
