C723 Quantitative Analysis For Business- Final Wgu Questions With Complete Solutions.

weighted average formula {Ans: Calculate the weight and revenue for each month and add them together Think of the weighted average as being the sum of the weighted numbers.}Choose the appropriate type of graph. {Ans: pie charts show percent frequency, histograms show frequency distribution over data set category intervals, bar charts show relative frequency between categories, stacked bar charts for comparisons or percent frequency between two variables, and scatter plots show relationships between two variables.}Descriptive statistics {Ans: is the analysis of data to describe, interpret, and summarize data in a meaningful way in order to find patterns. provides a summary that can be used to compare this student with other students.}Tables best use {Ans: A payoff table is best used when there is one decision to be made and a decision tree is more likely to be used when there is a sequence of decisions to be made.}Three specific time estimates are used in the beta distribution calculation: {Ans: Optimistic -The best case scenario, or minimum length of time, to complete an activity. Let A stand for Optimistic. Most likely - The duration of an activity given a normal level of effort and performance under