What are the four data measurement scales? Explain with examples. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-DQ-5
How would you define statistics? How is statistics used in business decision making? To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-DQ-1
What is the role of probability concepts in business decision-making? Explain using a specific example. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-3-DQ-3
How would you define dependent and independent variables? What is their significance in research? Explain with examples. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-DQ-3
How do you select measurement levels when developing a survey or data collection tool? Explain with examples. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-DQ-4
What are some conditions under which business decisions are made using subjective probability concepts? Provide at least two examples of subjective probability. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-3-DQ-2
Provide an example of a discrete data in your work situation that at least approximately obeys the four characteristics of the Binomial distribution. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-3-DQ-4
What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-DQ-2
What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-3-DQ-1
What type of data is best described using a Time Series? Think of an example from your work place or from your day to day experience. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-5-DQ-3
Can mean, median, or mode be calculated from all statistical data? Explain why or why not. When is the mean the best measure of central tendency? When is the median the best measure of central tendency? To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-2-DQ-2
Think of an example of the use of one sample hypothesis testing at your workplace. How will you state the hypothesis as a Null and the Alternative hypothesis? To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-4-DQ-4
Why it is important to find the shape of data distribution before computing descriptive statistics? Do all variables follow normal distribution? Explain why or why not. Explain with examples. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-2-DQ-4
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. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-5-DQ-2
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. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-3-DQ-5
Under what conditions would you use a t-test as opposed to a z-test? Can you use the t-table to determine the critical value of the z-test? Explain why. What are the differences between a one-tailed and a two-tailed test? To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-4-DQ-2
What are the key terms in a verbal hypothesis that signify whether you are conducting a one–tailed or two-tailed test? Explain with an example and also state the Null and the Alternative hypothesis for the example in symbolic form. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-4-DQ-3
What are the five steps in the hypothesis testing procedure? Are the steps followed in sequence? Explain why or why not. How does the five-step procedure for hypothesis testing differ when comparing two groups using a t- or z-test? How is the process similar? To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-4-DQ-1
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. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-2-DQ-1
Write a 300-word summary that addresses the following criteria: • Define statistics. • Identify different types and levels of statistics. • Describe the role of statistics in business decision making. . Provide at least three examples or problem situations in which statistics was used or could be used. To purchase this material click below link http://www.assignmentcloud.com/QNT-351/QNT-351-Week-1-Individual-Statistics-in-Business
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week? 2. An auditor for American Health Insurance reports that 20% of policyholders submit a claim during the year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted a claim the previous year?
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week?
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week? 2. An auditor for American Health Insurance reports that 20% of
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week? 2. An auditor for American Health Insurance reports that 20% of policyholders submit a claim during the year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted a claim the previous
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week? 2An auditor for American Health Insurance reports that 20% of policyholders submit a claim during the year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted a claim the previous year?
For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week?