{"id":129375,"date":"2023-12-01T15:10:27","date_gmt":"2023-12-01T15:10:27","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=129375"},"modified":"2023-12-01T15:10:28","modified_gmt":"2023-12-01T15:10:28","slug":"wgu-c723-quantitative-analysis-for-business-exam-new-2023-2024-100-correct-complete-guide-with-verified-answers-grade-a-guaranteed","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/01\/wgu-c723-quantitative-analysis-for-business-exam-new-2023-2024-100-correct-complete-guide-with-verified-answers-grade-a-guaranteed\/","title":{"rendered":"WGU C723 Quantitative Analysis for Business Exam (NEW 2023\/ 2024) 100% Correct| Complete Guide with Verified Answers| Grade A Guaranteed"},"content":{"rendered":"\n<p>WGU C723 Quantitative Analysis for Business Exam (NEW 2023\/ 2024) 100% Correct| Complete Guide with Verified Answers| Grade A Guaranteed<\/p>\n\n\n\n<p>WGU C723 Quantitative Analysis for<br>Business Exam (NEW 2023\/ 2024) 100%<br>Correct| Complete Guide with Verified<br>Answers| Grade A Guaranteed<br>QUESTION<br>Decision Tree<br>Answer:<br>a graph of decisions and their possible conseque to create a plan to reach a goal<br>QUESTION<br>Expected Value<br>Answer:<br>-A weighted average of all possible outcomes with the weights being their probability of<br>occurring<br>-the SUM of all possible outcomes multiplied by their probability occurrence<br>-used in decision tree, payoff and expected values models<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>uses probabilty associated with different event outcomes<br>-for each option, multiply each event by its associated probability<br>-total up the SUM of the expected Value, select the options with the highest expected value<br>QUESTION<br>Expected Value Formula<br>Answer:<br>E = [x \u2022 P(x)]<br>-multiply probabily times payoff, then add across the options such that probabilites add to 1 or<br>100%<\/li>\n<\/ul>\n\n\n\n<p>QUESTION<br>Example of Expected Value<br>Answer:<br>small building: strong sales are 10 million, weak sales are 2 million. Probability of strong sales<br>is .75, weak is .25<br>10*.75= 7.5 million, 2 million *.25= .5 million<br>7.5 +.5= 8 million<br>8 million is the expected value of the small building<br>QUESTION<br>Project Characteristics<br>Answer:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>creates a unique product or service, or event<br>-endeavor is outside of normal routine or operational activities<br>-assignment is temporary<br>-has a start and end date<br>-contains tasks that are specific to the objective or goal of the project<br>-all tasks must be done for it to be complete<br>examples: completing a degree program, cooking a meal, building a house<br>QUESTION<br>Project Planning Activities<br>Answer:<\/li>\n\n\n\n<li>define the projects goals and objectives<br>-define the tasks required to complete the project<br>-define task dependencies and relationships )the order of tasks that they must be completed in)<br>-define the duration (completion time), the completion costs, and required resources<br>(labor, material, etc)<br>-schedule, monitor, and control the project tasks as they are executed<br>QUESTION<br>Project Task<\/li>\n<\/ul>\n\n\n\n<p>Answer:<br>-activity, is a unique unit of the project which can be described within limits of time<br>-sequence must be done to establish task dependencies<br>-each task must be assigned a duration, or length of time required to complete the task<br>QUESTION<br>Predecessor<br>Answer:<br>A task that must be completed before the next task can be started<br>QUESTION<br>Successor<br>Answer:<br>Task that must follow another task<br>QUESTION<br>Defining Project Tasks<br>Answer:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>common practice to start in a tabular format, and cre- ate columns for important information<br>(identifier, description, predecessor, duration, assigned resources, cost)<br>-often start with the basic information (identifier, description) and add more informa- tion<br>(predecessor, duration, costs\u2026) as it becomes available<br>QUESTION<br>Project<br>Answer:<br>A strategic undertaking and not a regular operational activity<br>QUESTION<br>Powered by <a href=\"https:\/\/learnexams.com\/search\/study?query=\" target=\"_blank\" rel=\"noopener\">https:\/\/learnexams.com\/search\/study?query=<\/a><\/li>\n<\/ul>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/WGU-C723-QUANTITATIVE-ANALYSIS-FOR-BUSINESS-EXAM-NEW-2023-2024-100-CORRECT-COMPLETE-GUIDE-WITH-VERIFIED-ANSWERS-GRADE-A-GUARANTEED.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of WGU-C723-QUANTITATIVE-ANALYSIS-FOR-BUSINESS-EXAM-NEW-2023-2024-100-CORRECT-COMPLETE-GUIDE-WITH-VERIFIED-ANSWERS-GRADE-A-GUARANTEED.\"><\/object><a id=\"wp-block-file--media-778030e3-e88e-4b10-a374-bd17f76d006b\" href=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/WGU-C723-QUANTITATIVE-ANALYSIS-FOR-BUSINESS-EXAM-NEW-2023-2024-100-CORRECT-COMPLETE-GUIDE-WITH-VERIFIED-ANSWERS-GRADE-A-GUARANTEED.pdf\" target=\"_blank\" rel=\"noopener\">WGU-C723-QUANTITATIVE-ANALYSIS-FOR-BUSINESS-EXAM-NEW-2023-2024-100-CORRECT-COMPLETE-GUIDE-WITH-VERIFIED-ANSWERS-GRADE-A-GUARANTEED<\/a><a href=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/WGU-C723-QUANTITATIVE-ANALYSIS-FOR-BUSINESS-EXAM-NEW-2023-2024-100-CORRECT-COMPLETE-GUIDE-WITH-VERIFIED-ANSWERS-GRADE-A-GUARANTEED.pdf\" class=\"wp-block-file__button wp-element-button\" aria-describedby=\"wp-block-file--media-778030e3-e88e-4b10-a374-bd17f76d006b\" download target=\"_blank\" rel=\"noopener\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WGU C723 Quantitative Analysis for Business Exam (NEW 2023\/ 2024) 100% Correct| Complete Guide with Verified Answers| Grade A Guaranteed WGU C723 Quantitative Analysis forBusiness Exam (NEW 2023\/ 2024) 100%Correct| Complete Guide with VerifiedAnswers| Grade A GuaranteedQUESTIONDecision TreeAnswer:a graph of decisions and their possible conseque to create a plan to reach a goalQUESTIONExpected ValueAnswer:-A weighted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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