Define the process of quantitative analysis – list the steps and discuss them.
Categorize business problems that can be solved through quantitative analysis – please list at least three types of problems and give a brief explanation of the problem or how it is used.
Solve business problems with appropriate quantitative decision-making models – give a situation and then identify a type of solution that can be used to solve this problem. Be sure to name the solution or identify the problem being solved. You are not required to provide calculations, just discuss how you can apply this type of solution to the problem.