WGU C723 Quantitative Analysis for
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Business Exam with precise detailed |! |! |! |! |!
answers
1.Quantitative Analysis: Analysis using objective data
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2.Qualitative Analysis: Analysis using subjective Data
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3.Response Variable: Another name for the dependent
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variable
4.Explanatory Variable: Another name for the dependent
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variable
5.Negative Correclation: Correlation that occurs when one
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variable increases and the other variable decreases
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6.Positive Correlation: Correlation that occurs when one
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1 |! / |!
41
, variable and the other
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7.Nonnumeric Data: Data of a form such as words, symbols,
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or letters that are not used in calculations
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|! of points
8.Numerical Data: Data represented by numbers |! |! |! |! |! |!
over
9.Trendline: Line that shows the general
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direction of the relationship time
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10. Objective Data: Measurable data often obtained through
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2 |! / |!
41
, |! observations or testing |! |!
11. Correlation: Measure of the strength of the linear |! |! |! |! |! |! |! |!
relationship between variables |! |!
-does not apply cause and affect "shoe size doesn't affect
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reading ability even though they are closely related in
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grades school" |!
-used to compare two variables to determine the strength of
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|! the linear relationship between them
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12.Metric: Measurement used to gauge performance
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13.Forecasting: Method or process used to make short range |! |! |! |! |! |! |! |!
|! decisions where the actual outcomes have not yet
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occurred
3 |! / |!
41
, 14.Subjective Data: Non-measurable data often obtained
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through surveys or inter- views
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15.Descriptive Statistics: The analysis of data, to describe,
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interpret, and summa- rize data in a meaningful way
|! |! |! |! |! |! |! |!
16.Inferential Statistics: The analysis of data to reach
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conclusions, generaliza- tions, and estimations based on
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a small sample of the population
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17.Statistics: The gathering, organizing, and interpreting of
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numerical data |!
18.Moderating Variable: Variable that changes the effect of
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independent variable on the dependent variable
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19.Dependent Variable: Variable that is being measured or
|! |! |! |! |! |! |! |!
4 |! / |!
41
|! |! |! |! |!
Business Exam with precise detailed |! |! |! |! |!
answers
1.Quantitative Analysis: Analysis using objective data
|! |! |! |! |!
2.Qualitative Analysis: Analysis using subjective Data
|! |! |! |! |!
3.Response Variable: Another name for the dependent
|! |! |! |! |! |! |!
variable
4.Explanatory Variable: Another name for the dependent
|! |! |! |! |! |! |!
variable
5.Negative Correclation: Correlation that occurs when one
|! |! |! |! |! |! |!
variable increases and the other variable decreases
|! |! |! |! |! |!
6.Positive Correlation: Correlation that occurs when one
|! |! |! |! |! |! |!
1 |! / |!
41
, variable and the other
|! |! |!
7.Nonnumeric Data: Data of a form such as words, symbols,
|! |! |! |! |! |! |! |! |! |!
or letters that are not used in calculations
|! |! |! |! |! |! |!
|! of points
8.Numerical Data: Data represented by numbers |! |! |! |! |! |!
over
9.Trendline: Line that shows the general
|! |! |! |! |! |!
direction of the relationship time
|! |! |! |!
10. Objective Data: Measurable data often obtained through
|! |! |! |! |! |!
2 |! / |!
41
, |! observations or testing |! |!
11. Correlation: 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
|! |! |! |!
12.Metric: Measurement used to gauge performance
|! |! |! |! |!
13.Forecasting: Method or process used to make short range |! |! |! |! |! |! |! |!
|! decisions where the actual outcomes have not yet
|! |! |! |! |! |! |! |!
occurred
3 |! / |!
41
, 14.Subjective Data: Non-measurable data often obtained
|! |! |! |! |! |!
through surveys or inter- views
|! |! |! |!
15.Descriptive Statistics: The analysis of data, to describe,
|! |! |! |! |! |! |! |!
interpret, and summa- rize data in a meaningful way
|! |! |! |! |! |! |! |!
16.Inferential Statistics: The analysis of data to reach
|! |! |! |! |! |! |! |!
conclusions, generaliza- tions, and estimations based on
|! |! |! |! |! |! |!
a small sample of the population
|! |! |! |! |!
17.Statistics: The gathering, organizing, and interpreting of
|! |! |! |! |! |! |!
numerical data |!
18.Moderating Variable: Variable that changes the effect of
|! |! |! |! |! |! |! |!
independent variable on the dependent variable
|! |! |! |! |!
19.Dependent Variable: Variable that is being measured or
|! |! |! |! |! |! |! |!
4 |! / |!
41
