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

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