PC502GDSE3E Quantitative Analysis Exam
Question 1. Which of the following best characterizes quantitative
analysis?
A) Focuses on subjective opinions
B) Uses numerical data to support conclusions
C) Relies primarily on anecdotal evidence
D) Avoids mathematical or statistical techniques
Answer: B
Explanation: Quantitative analysis is centered around using numerical
data and mathematical/statistical methods to analyze and support
conclusions.
Question 2. What is the main purpose of using quantitative methods in
decision-making?
A) To ensure decisions are based on personal beliefs
B) To introduce randomness into decision-making
C) To provide objective, data-driven support for decisions
D) To replace all qualitative information
Answer: C
Explanation: Quantitative methods provide objective, data-driven
insights, making decision-making less biased and more reliable.
