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For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.com This Tutorial contains 2 Papers for each Assignment QNT 275 Week 1 Individual Assignment Statistics in Business (2 Papers) QNT 275 Week 2 Individual Assignment Activity Data Set (Little Town Cafe) – PowerPoint PPT presentation

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Title: QNT 275 Education Begins/newtonhelp.com


1
QNT 275 Education Begins/newtonhelp.com
2
QNT 275 Entire Course (2 Set, No Final Guide)
  • For more course tutorials visit
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  • QNT 275 Week 1 Individual Assignment Statistics
    in Business (2 Papers)
  • QNT 275 Week 2 Individual Assignment Activity
    Data Set (Little Town Cafe)
  • QNT 275 Week 2 Assignment Mini-Project 3-2
  • QNT 275 Week 3 CLO Business Decision Making
    Project Part 1 (2 Papers)
  • QNT 275 Week 4 CLO Business Decision Making
    Project Part 2 (2 Papers)

3
QNT 275 Entire Course (2 Set, With Final Guide)
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  • QNT 275 Final Exam Guide (New, 2017)
  • QNT 275 Week 1 Individual Assignment Statistics
    in Business (2 Papers)
  • QNT 275 Week 2 Individual Assignment Activity
    Data Set (Little Town Cafe)
  • QNT 275 Week 2 Assignment Mini-Project 3-2
  • QNT 275 Week 3 CLO Business Decision Making
    Project Part 1 (2 Papers)
  • QNT 275 Week 4 CLO Business Decision Making
    Project Part 2 (2 Papers)

4
QNT 275 Final Exam Guide (New, 2018)
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  • 1
  • To make tests of hypotheses about more than two
    population means, we use the
  • t distribution
  • normal distribution
  • chi-square distribution
  • analysis of variance distribution
  • You randomly select two households and observe
    whether or not they own a telephone answering
    machine. Which of the following is a simple
    event?
  • At most one of them owns a telephone answering
    machine.
  • At least one of them owns a telephone answering
    machine.
  • Neither of the two owns a telephone answering
    machine.
  • Exactly one of them owns a telephone answering
    machine.

5
QNT 275 Week 1 DQ 1
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  • What is the importance of statistics in business
    decision making? Describe a business situation
    where statistics was used in making a decision.

6
QNT 275 Week 1 DQ 2
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  • Select four variables, other than what your
    fellow students have already selected, that could
    be measured by nominal, ordinal, interval, and
    ratio scale. Classify them by measurement scale
    and select descriptive statistics that can be
    used to summarize data. Use the following table
    when posting your response
  • Variable Level of Measurement Descriptive Stat
    and Justify Selection
  • Nominal
  • Ordinal
  • Interval
  • Ratio

7
QNT 275 Week 1 DQ 3
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  • How do we define measurement? What are various
    levels of measurement? How do you select
    measurement levels when developing a survey or
    data collection tool? Explain with examples.

8
QNT 275 Week 1 Individual Assignment Statistics
in Business (2 Papers)
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  • Develop a 875-word response that addresses each
    of the following prompts
  • Define statistics with citation and reference.
  • Contrast quantitative data and qualitative
    data. Use two Peer Reviewed references.
  • Evaluate tables and charts used to represent
    quantitative and qualitative data.
  • Describe the levels of data measurement.
  • Describe the role of statistics in business
    decision-making.

9
QNT 275 Week 1 Practice Set
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  • Cause of Death Number of Deaths
  • Heart disease 611,105
  • Cancer 584,881
  • Accidents 130,557
  • Stroke 128,978
  • Alzheimers disease 84,767
  • Diabetes 75,578
  • Influenza and Pneumonia 56,979
  • Suicide 41,149
  • What is the variable for this data set (use
    words)?
  • How many observations are in this data set
    (numeral)?

10
QNT 275 Week 2 Assignment MiniProject 3 2
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  • salespersons by A, B, C, and D.
  • The sales records (in dollars) for the past 6
    weeks for these four salespersons are shown in
    the table below.
  • Week A B C D
  • 1 1774 2205 1330 1402
  • 2 1808 1507 1295 1665
  • 3 1890 2352 1502 1530
  • 4 1932 1939 1104 1826
  • 5 1855 2052 1189 1703
  • 6 1726 1630 1441 1498

11
QNT 275 Week 2 DQ 1
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  • Describe a business situation, other than what
    has already been selected by fellow students or
    selected from the team assignment, where mean and
    standard deviation can be used in decision
    making. Describe how calculation of mean and
    standard deviation can help in making a decision.

12
QNT 275 Week 2 DQ 2
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  • What are the various methods one can use to
    identify the shape of data distribution collected
    for research study? Why it is important to know
    the shape of distribution? How it can be used in
    decision making? Provide examples other than
    those already posted in class.

13
QNT 275 Week 2 DQ 3
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  • Select an article from a news magazine or
    research journal where data is displayed in a pie
    or bar chart. Describe the data displayed in the
    chart and what conclusion you could draw.

14
QNT 275 Week 2 Individual Assignment Activity
Data Set (Little Town Cafe)
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  • Review the following business scenario
  • You are the manager in a small town in the lake
    district of a Midwestern state enjoys a robust
    tourist season during the summer months, but has
    only a small population of residents during the
    off season. The Littletown Café adjusts the
    levels of staff according to the time of year, to
    coincide with the number of guests, with the
    tourist season typically starting around Memorial
    Day each year. One wait staff employee can serve
    50 guests.

15
QNT 275 Week 2 Individual Assignment Business
Problem
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  • I2 (Week 2) Individual Assignment Business
    Problem Prepare a paper examining a business
    problem confronting your organization or an
    organization you know of that you feel could be
    addressed through the application of the business
    research process. Describe the problem. Then
    present the research purpose and one research
    question addressing an aspect of this problem.
    The question must contain the variable you will
    measure. Discuss the measured variable.

16
QNT 275 Week 2 Mini- Project 3-3 (Movie Data
Set)
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  • Purpose of Assignment
  • This assignment provided students with practice
    in understanding the relationship of averages and
    standard deviation to make an informed business
    decision about the gross income performance of
    each movie genre. Students will learn to
    implement the use of these statistical measures
    for better business decision-making.
  • Resources Week 2 Videos Week 2 Readings
    Statistics Lab
  • Tutorial help on Excel and Word functions can be
    found on the Microsoft Office website. There are
    also additional tutorials via the web offering
    support for Office products.
  • Assignment Steps

17
QNT 275 Week 2 Practice Set
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  • List the simple events for each of the following
    statistical experiments in a sample space.
  • One roll of a die.
  • Note Separate your response with a comma (,).
    For example 22, 23, 24
  • Three tosses of a coin.
  • Note Use this notation for your answer. heads
    H. tails T. For example HT, TH
  • One toss of a coin and one roll of a die.

18
QNT 275 Week 2 Quiz
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  • 1. In order to summarize qualitative
    data, a useful tool is a __________.
  • 2. A stem-and-leaf diagram is constructed
    by separating each value of a data set into two
    parts. What are these parts?
  • 3. A recent survey of 200 small firms
    (annual revenue less than 10 million) asked
    whether an increase in the minimum wage would
    cause the firm to decrease capital spending.
    Possible responses to the survey question were
    "Yes," "No," or "Don't Know." These data are best
    classified as ____________.
  • 4. The accompanying chart shows the
    numbers of books written by each author in a
    collection of cookbooks

19
QNT 275 Week 3 CLO Business Decision Making
Project Part 1 (2 Papers)
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  • CLO Business Decision-Making Project Part 1
  • Identify a business problem or opportunity at a
    company where you work or with which you're
    familiar. This will be a business problem that
    you use for the individual assignments in Weeks
    3-5. It should be a problem/opportunity for which
    gathering and analyzing some type of data would
    help you understand the problem/opportunity
    better.
  • Identify a research variable within the
    problem/opportunity that could be measured with
    some type of data collection.
  • Consider methods for collecting a suitable sample
    of either qualitative or quantitative data for
    the variable.
  • Consider how you will know if the data collection
    method would be valid and reliable.
  • Develop a 1,050-word analysis to describe a
    company, problem, and variable.
  • Include the following in your submission

20
QNT 275 Week 3 DQ 1
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  • An oil change shop advertised to change oil
    within 15 minutes. Based on the data collected on
    a typical day, what is the probability that oil
    change will take 15 minutes or less time? Based
    on the data, do you think the business claim is
    valid? Explain why or why not.
  • Class Interval Frequency
  • 6 to 10 minutes 3
  • 11 to 15 minutes 8
  • 16 to 20 minutes 6
  • 21 to 25 minutes 2
  • More than 25 Minutes 1

21
QNT 275 Week 3 DQ 2
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  • What are some conditions under which business
    decisions are made using subjective probability
    concepts? Provide at least two examples of
    subjective probability.

22
QNT 275 Week 3 DQ 3
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  • What are the characteristics of standard normal
    distribution? The HR department of an
    organization collects data on employees' age,
    salary, level of education, gender, and
    ethnicity. Which data do you think is more likely
    to follow normal distribution? Explain why.

23
QNT 275 Week 3 Individual Assignment Descriptive
Statistics (Score 85)
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  • Individual Assignment Descriptive Statistics
  • Identify a research problem different from the
    previous research problems that uses two
    different sets of the same type of data. Example
    Sales from two different months or years. GPA's
    of men and women. Number of two different shelf
    items sold (Coke Pepsi) by month over a year.
    Home sales prices in different suburbs, cities,
    counties or states. You wish to determine if
    there is a significant difference between the
    means of the data sets

24
QNT 275 Week 3 Probability Case Study 5.2
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  • Week 3 Learning Team Collaboration Discussion
    Probability
  • Resource Case Study 5.2 in Chapter 5 of
    Essentials of Business Statistics
  • Calculate the requested probabilities for items
    1-3.
  • Discuss your findings for the probabilities.
  • What was the smoking trend from 1997-2007?
  • Is this a discrete, continuous, or conditional
    probability? Why?
  • How do probabilities help you understand trends
    in data?

25
QNT 275 Week 3 Probability Case Study 5.2
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  • Week 3 Learning Team Collaboration Discussion
    Probability
  • Resource Case Study 5.2 in Chapter 5 of
    Essentials of Business Statistics
  • Calculate the requested probabilities for items
    1-3.
  • Discuss your findings for the probabilities.
  • What was the smoking trend from 1997-2007?
  • Is this a discrete, continuous, or conditional
    probability? Why?

26
QNT 275 Week 3 Quiz
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  • Question 1 You work in
    marketing for a company that produces work boots.
    Quality control has sent you a memo detailing the
    length of time before the boots wear out under
    heavy use. They find that the boots wear out in
    an average of 208 days, but the exact amount of
    time varies, following a normal distribution with
    a standard deviation of 14 days. For an upcoming
    ad campaign, you need to know the percent of the
    pairs that last longer than six months-that is,
    180 days. Use the empirical rule to approximate
    this percent.
  • Question 2 For any normally distributed
    random variable with mean µ and standard
    deviation s, the percent of the observations that
    fall between µ-2s and µ2s is closest to
    _______.
  • Question 3 Which of the
    following is correct?

27
QNT 275 Week 4 CLO Business Decision Making
Project Part 2 (2 Papers)
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  • CLO Business Decision Making Project, Part 2
  • Use the same business problem/opportunity and
    research variable you wrote about in Week 3.
  • Remember do not actually collect any data think
    hypothetically.
  • Develop a 1,050-word report in which you
  • Identify the types of descriptive statistics
    that might be best for summarizing the data, if
    you were to collect a sample.
  • Analyze the types of inferential statistics
    that might be best for analyzing the data, if you
    were to collect a sample.
  • Analyze the role probability or trend analysis
    might play in helping address the business
    problem.

28
QNT 275 Week 4 CLO Business Decision Making
Project Part 2 (2 Papers)
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  • What is the difference between an independent and
    a dependent variable? Does a regression model
    imply causation? Explain why or why not.

29
QNT 275 Week 4 DQ 2
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  • Does correlation equal causation? Does the
    strength of correlation depend on the direction?
    What is the meaning of a zero correlation?
    Explain your answers.

30
QNT 275 Week 4 DQ 3
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  • What are the requirements that must be met for a
    regression analysis? What happens if these
    requirements are violated? Why is analysis of
    residuals important?

31
QNT 275 Week 4 Individual Assignment t-test I4
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  • Individual Assignment t-test I4 Identify a
    research problem different from the previous
    research problems that uses two different sets of
    the same type of data. Any subject may be chosen.
    Some examples Sales from two different months or
    years. GPA's of men and women. Number of two
    different shelf items sold (Coke Pepsi) by
    month over a year. Home sales prices in different
    suburbs, cities, counties or states. You wish to
    determine if there is a significant difference
    between the means of the data sets. Select data
    that have absolute zero measurements (Ratio
    data). You may use recorded data or made up data.

32
QNT 275 Week 4 Linear Regression Case 12 1
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  • Resource Case Study 12.1 in Chapter 12 of
    Essentials of Business Statistics.
  • Click the Sushi Restaurant Data Set link.
  • Calculate the linear regression in item 1 of the
    case study.
  • Discuss the following with your team

33
QNT 275 Week 4 Practice Set
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  • Find z for each of the following confidence
    levels. Round to two decimal places.
  • 90
  • 95
  • 96
  • 97
  • 98
  • 99
  • For a data set obtained from a random sample, n
    81 and x 48.25. It is known
  • that s 4.8.
  • What is the point estimate of µ? Round to two
    decimal places

34
QNT 275 Week 4 Quiz
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  • Question 1 Serial correlation
    is typically observed in
  • Question 2 Another name for an
    explanatory variable is the ___.
  • Question 3 Which of the
    following variables is not qualitative?
  • Question 4 Consider the
    following simple linear regression model
    yßoß1(xe) The response variable is
  • Question 5 Which of the
    following violates the assumptions of regression
    analysis?
  • Question 6 In a simple linear
    regression model, if the plots on a scatter
    diagram lie on a straight line, what is the
    standard error of the estimate?
  • Question 7 Consider the
    following simple linear regression model y

35
QNT 275 Week 4 Quiz
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  • Question 1 Serial correlation
    is typically observed in
  • Question 2 Another name for an
    explanatory variable is the ___.
  • Question 3 Which of the
    following variables is not qualitative?
  • Question 4 Consider the
    following simple linear regression model
    yßoß1(xe) The response variable is
  • Question 5 Which of the
    following violates the assumptions of regression
    analysis?

36
QNT 275 Week 5 Assignment Business Problem or
Opportunity Presentation
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  • Prepare an 11- to 15-slide Microsoft PowerPoint
    presentation for the senior management team based
    on the business problem or opportunity you
    described in Weeks 3 and 5.
  • Include on the slides what you would want the
    audience to see (include appropriate visual
    aids/layout). In the Speaker Notes section,
    include what you would say as you present each
    slide. If any source material is quoted or
    paraphrased in the presentation, use APA
    citations and references.
  • Draw on material you developed in the Week 3 and
    4 assignments.
  • Include the following in your presentation
  • Introduction slide
  • Agenda slide

37
QNT 275 Week 5 CLO Business Decision Making
Project Part 3 (2 PPT)
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  • Prepare an 11- to 15-slide Microsoft PowerPoint
    presentation for the senior management team based
    on the business problem or opportunity you
    described in Weeks 3-4.
  • Include on the slides what you'd want the
    audience to see (include appropriate visual
    aids/layout) and include in the Speaker's Notes
    section what you'd say as you present each slide.
    If any source material is quoted or paraphrased
    in the presentation, use APA citations and
    references.
  • Draw on material you developed in the Weeks 3-4
    assignments.
  • Include the following in your presentation
  • Introduction slide
  • Agenda slide

38
QNT 275 Week 5 DQ 2
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  • Prepare an 11- to 15-slide Microsoft PowerPoint
    presentation for the senior management team based
    on the business problem or opportunity you
    described in Weeks 3-4.
  • Include on the slides what you'd want the
    audience to see (include appropriate visual
    aids/layout) and include in the Speaker's Notes
    section what you'd say as you present each slide.
    If any source material is quoted or paraphrased
    in the presentation, use APA citations and
    references.
  • Draw on material you developed in the Weeks 3-4
    assignments.
  • Include the following in your presentation
  • Introduction slide
  • Agenda slide

39
QNT 275 Week 5 DQ 2
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  • How do you know you have validated a research
    study based on data gathered from primary or
    secondary sources? Have you been involved with
    any product test-marketing project? Explain. How
    did the resulting statistics affect the product's
    marketing strategy? How can organizations skew
    the statistical outcomes of their business
    research?

40
QNT 275 Week 5 DQ 3
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  • In what way has the learning from this course
    helped you to effectively test hypotheses, draw
    conclusions, and provide recommendations to
    management? Consider what you have achieved in
    your research study conducted for this course.

41
QNT 275 Week 5 Individual Assignment Final
z-test (Set 2)
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  • Individual Assignment Final z-test Identify a
    research problem different from the previous
    research problems that uses two different sets of
    the same type of data. Example Sales from two
    different months or years. GPA's of men and
    women. Number of two different shelf items sold
    (Coke Pepsi) by month over a year. Home sales
    prices in different suburbs, cities counties or
    states. You wish to determine if there is a
    significant difference between the means of the
    data sets. Select data that have absolute zero
    measurements (Ratio data). You may use recorded
    data or made up data. The n sample size should be
    at least 30 in each set, but

42
QNT 275 Week 5 Individual Assignment Final
z-test
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  • Individual Assignment Final z-test Identify a
    research problem different from the previous
    research problems that uses two different sets of
    the same type of data. Example Sales from two
    different months or years. GPA's of men and
    women. Number of two different shelf items sold
    (Coke Pepsi) by month over a year. Home sales
    prices in different suburbs, cities counties or
    states. You wish to determine if there is a
    significant difference between the means of the
    data sets. Select data that have absolute zero
    measurements (Ratio data). You may use recorded
    data or made up data. The n sample size should be
    at least 30 in each set, but not more than 50

43
QNT 275 Week 5 Practice Set
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  • 1. This distribution has only one parameter. The
    curve is skewed to the right for small df and
  • becomes symmetric for large df. The entire
    distribution curve lies to the right of the
    vertical
  • axis. The distribution assumes nonnegative values
    only
  • 1. t distribution
  • 2. Normal distribution
  • 3. Chi-square distribution
  • 4. Linear regression.
  • 2. Find the value of x2 for 12 degrees of
    freedom and an area of .025 in the right tail of
    the chi-
  • square distribution curve. What is the value of
    chi-square? Round to three decimal places

44
QNT 275 Education Begins/newtonhelp.com
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