Activity 1 - Introduction to Quantitative Methods

Activity 1 - Introduction to Quantitative Methods

Multiple Choice

Are a set of observations performed to support or falsify a hypothesis

• Data Recovery

• Data Analysis

• Experimental Data

• Decisions Making

Multiple Choice

A natural experiment or quasi-experiment does not involve manipulation or a controlled environment.

• Observational Data

• Experimental Data

• Inferential Statistics

• Deterministic Models

Fill in the Blanks

In deterministic models, if certain conditions are met, the outcome is certain to happen. There is no

Fill in the Blanks

In probabilistic or stochastic models, if certain

are met, the outcome is more or less likely to happen

Multiple Select

Decision Making Process

• Identify the Problem and Collect Relevant Information

• Develop Alternatives and Evaluate each Alternative

• Select the Best Alternative and Implement the Decision

• Follow-up and Evaluate

Multiple Choice

A discrepancy between an existing and a desired state of affairs.

• Problem

• Scenario

• Situation

• Findings

Multiple Choice

It permits decision makers to place a monetary value on the various consequences likely to result from the selection of a particular course of action.

• Expected Value Analysis

• Decision Tree

• Marginal Analysis

• Decision Making Styles

Multiple Choice

It is a representation or an abstraction of reality

• Figure

• Model

• Fact

• Diagram