5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
WGU C723 Quantitative Analysis for Business | Objective
Assessment Guide | OA | 114 New Questions and Answers |
2025 Update | 100% Correct.
Correct 114
Incorrect
WGU C723 Quantitative Analysis for Business
114 Correct terms
Questions and answers
Give this one a go later!
Lead Time Pessimistic Time
Standard Time
,5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
Don't know?
2 of 114
Definition
-A weighted average of all possible outcomes with the weights
being their probability of occurring
-the SUM of all possible outcomes multiplied by their probability
occurrence
-used in decision tree, payoff and expected values models
- uses probabilty associated with different event outcomes
-for each option, multiply each event by its associated probability
-total up the SUM of the expected Value, select the options with the
highest expected value
Give this one a go later!
Expected Value The expected payoff
Expected Monetary Value Decision Tree
Don't know?
3 of 114
Definition
sqrt(2AP / S)
A: Annual demand
,5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
P: cost to Place an order
S: cost to Store individual unit for one year (holding cost
for one year)
(2 is the constant that you will always use)
Give this one a go later!
Total cost of ownership (tco)
Demand forecasting methodology
calculation
Economic Order Quantity Inventory Turnover Ratio (itr)
(EOQ) Formula Formula
Don't know?
4 of 114
Definition
predictive value
Give this one a go later!
Y bar Y hat
Y line Pie chart
Don't know?
, 5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
5 of 114
Definition
Method used for decision making when the risks involved in a
decision situation have several states of nature and the likelihood, or
probability, of each state is known
Give this one a go later!
Present Value Expected Monetary Value
Risk Value Contingency Budget
Don't know?
6 of 114
Term
Decision Making: Step 3
Give this one a go later!
Identify the problem
-focus on the problem not the Weigh the decision criteria
symptoms, all parties agree to the -need to equal 100%
problem statement
WGU C723 Quantitative Analysis for Business | Objective
Assessment Guide | OA | 114 New Questions and Answers |
2025 Update | 100% Correct.
Correct 114
Incorrect
WGU C723 Quantitative Analysis for Business
114 Correct terms
Questions and answers
Give this one a go later!
Lead Time Pessimistic Time
Standard Time
,5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
Don't know?
2 of 114
Definition
-A weighted average of all possible outcomes with the weights
being their probability of occurring
-the SUM of all possible outcomes multiplied by their probability
occurrence
-used in decision tree, payoff and expected values models
- uses probabilty associated with different event outcomes
-for each option, multiply each event by its associated probability
-total up the SUM of the expected Value, select the options with the
highest expected value
Give this one a go later!
Expected Value The expected payoff
Expected Monetary Value Decision Tree
Don't know?
3 of 114
Definition
sqrt(2AP / S)
A: Annual demand
,5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
P: cost to Place an order
S: cost to Store individual unit for one year (holding cost
for one year)
(2 is the constant that you will always use)
Give this one a go later!
Total cost of ownership (tco)
Demand forecasting methodology
calculation
Economic Order Quantity Inventory Turnover Ratio (itr)
(EOQ) Formula Formula
Don't know?
4 of 114
Definition
predictive value
Give this one a go later!
Y bar Y hat
Y line Pie chart
Don't know?
, 5/1/25, 1:16 PM WGU C723 Quantitative Analysis for Business
5 of 114
Definition
Method used for decision making when the risks involved in a
decision situation have several states of nature and the likelihood, or
probability, of each state is known
Give this one a go later!
Present Value Expected Monetary Value
Risk Value Contingency Budget
Don't know?
6 of 114
Term
Decision Making: Step 3
Give this one a go later!
Identify the problem
-focus on the problem not the Weigh the decision criteria
symptoms, all parties agree to the -need to equal 100%
problem statement
