Business > QUESTIONS & ANSWERS > WGU C723 QUANTITATIVE ANALYSIS FOR BUSINESS (Complete Q&A) Rated A+ (All)

WGU C723 QUANTITATIVE ANALYSIS FOR BUSINESS (Complete Q&A) Rated A+

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1 A car stereo company is planning to introduce a new product into the market. It faces stiff competition from two other organizations with similar products. The company's marketing manager has aske... d 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 ANS- Quantitative cuz break-even analysis using price points involves numbers Quantitative or Quantity=Number 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. 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 ANS- Qualitative cuz a why you selected question is an opinion. [Show More]

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