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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Final Exam Guide (UOP Course)
QNT 351 Entire Course (UOP Course)
  QNT 351 Week 1 Individual Assignment Statistics
in Business (UOP Course) QNT 351 Week 1 DQ 1 (UOP
Course) QNT 351 Week 1 DQ 2 (UOP Course) QNT 351
Week 1 DQ 3 (UOP Course) QNT 351 Week 1 DQ 4 (UOP
Course) QNT 351 Week 1 DQ 5 (UOP Course) QNT 351
Week 1 DQ 6 (UOP Course)
  1) The main purpose of descriptive statistics
is to   2) The general process of gathering,
organizing, summarizing, analyzing, and
interpreting data is called     3) The
performance of personal and business investments
is measured as a percentage, return on
investment. What type of variable is return on
investment?
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 1 DQ 2 (UOP Course)
QNT 351 Week 1 DQ 1 (UOP Course)
  Where would you see descriptive statistics used
in your work place?
  How would you define dependent and independent
variables? What is their significance in
research? Explain with examples.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 1 DQ 4 (UOP Course)
QNT 351 Week 1 DQ 3 (UOP Course)
  Develop five demographic questions to measure
gender, age, years of experience, level of
education, and ethnicity. Identify the level of
measurement used for each
  How would you define a variable? What is the
difference between a dependent and independent
variable? Do you think both variables are used in
every research? Explain why or why not. Provide
examples. 
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 1 DQ 5 (UOP Course)
QNT 351 Week 1 DQ 6 (UOP Course)
  What are the four data measurement scales?
Provide two examples and explain the importance
of each in business research.
  What is the importance of statistics in
business decision making? Describe a business
situation where statistics was used in making a
decision.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 2 DQ 1 (UOP Course)
QNT 351 Week 1 Individual Assignment Statistics
in Business (UOP Course)
  Define statistics. Identify different types of
statistics. Describe the role of statistics in
business decision making. Write a 300-word
summary providing at least three examples or
problem situations in which statistics was used
or could be used.
  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?
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 2 DQ 3 (UOP Course)
QNT 351 Week 2 DQ 2 (UOP Course)
  What level of data is a telephone number?
Explain.
  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. 
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 2 DQ 5 (UOP Course)
QNT 351 Week 2 DQ 4 (UOP Course)
  Why is the population shape a concern when
estimating a mean? What effect does sample size,
n, have on the estimate of the mean?
  Does all data have a mean, median, or mode? Why
or why not? When is the mean the best measure of
central tendency? When is the median the best
measure of central tendency?
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 2 Individual Assignment My StatsLab
10 Problems (UOP Course)
QNT 351 Week 2 Individual Assignment Data
Collection (UOP Course)
  Discuss with your team whether you have data
from RES/351, and if your team would like to use
one team members data for the Learning Team
assignments in this course.   If using data from
RES/351   Resources Data collected from
RES/351  
  QNT 351 Week 2 Individual Assignment My
StatsLab 10 Problems
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 3 DQ 2 (UOP Course)
QNT 351 Week 3 DQ 1 (UOP Course)
  What are the differences between probability
and coincidence? Can the probability be more than
1 or less than 0? Explain why or why not.
  What is the role of probability concepts in
business decision-making? Provide specific
examples
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 3 DQ 4 (UOP Course)
QNT 351 Week 3 DQ 3 (UOP Course)
  What are the basic differences between a
discrete and a continuous distribution?
  What are the characteristics of standard normal
distribution? Explain how to calculate the z-test
static. Explain how a z-value is used to
calculate the area under the distribution and the
meaning of P(0 to z) when z 1.96.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 3 Individual Assignment Real Estate
Data(UOP Course)
QNT 351 Week 3 Individual Assignment My StatsLab
14-Problems (UOP Course)
  QNT 351 Week 3 Individual Assignment My
StatsLab 14-Problems
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 68 in the Data Set Exercises from Ch. 3
of Basic Statistics for Business and
Economics. Answer question 34 in the Data Set
Exercises from Ch. 4 of Basic Statistics for
Business and Economics.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 4 DQ 1 (UOP Course)
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (UOP Course)
  If using RES/351 data   Revise the report
submitted in Week Two based on the feedback
provided by the instructor in the team
assignment, and insight gained by
reading.   Summarize the data collected using
descriptive statistics. Descriptive statistics
should be in the forms of frequency distribution
table, measures of mean, median, mode, standard
deviation, and graphical display of data.
  What are some terms related to hypothesis
testing with which you are already familiar? Why
do null and alternative hypotheses have to be
mutually exclusive?
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 4 DQ 3 (UOP Course)
QNT 351 Week 4 DQ 2 (UOP Course)
  Why does the significance level differ among
industries? Will the null hypothesis be more
likely to be rejected at a 0.01 than a 0.10?
As the significance level increases to a 0.10
from a 0.01, which type error is more likely to
occur? What can be done to reduce the likelihood
of incurring this error?
  Please explain the five steps used in
hypothesis testing. 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?
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 4 Individual Ass
QNT 351 Week 4 DQ 4 (UOP Course)
  Please explain terms related to hypothesis
testing please explain null and alternate
hypotheses, explain the difference between two
different test statistics, then define the
equations used in both.   Why do null and
alternative hypotheses have to be mutually
exclusive?
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 60 (both parts a. and b.) in the Data
Set Exercises from Ch. 6 of Basic Statistics for
Business and Economics. Answer question 54 (both
parts a. and b.) in the Data Set Exercises from
Ch. 7 of Basic Statistics for Business and
Economics.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 4 Learning Team Reflection (UOP
Course)
QNT 351 Week 4 Individual Assignment MyStatsLab
14-Problems (UOP Course)
  QNT 351 Week 4 Individual Assignment MyStatsLab
14-Problems
  QNT 351 Week 4 Learning Team Reflection
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 5 Individual Assignment Real Estate
Data (UOP Course)
QNT 351 Week 5 Individual Assignment MyStatsLab
Problems (UOP Course)
  QNT 351 Week 5 Indivdiual Assignment MyStatsLab
Problems
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 58 in the Data Set Exercises from Ch. 10
of Basic Statistics for Business and
Economics. Answer question 62 in the Data Set
Exercises from Ch. 13 of Basic Statistics for
Business and Economics.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation (UOP
Course)
sk your instructor for specific information
regarding the analysis you are required to
perform for your data set. Combine your Week Two
Learning Team assignment and Week Three findings
with Week Five findings and make a recommendation
to the research problem. Use the statistical
tables given in the appendices of the textbook
and a statistical analysis application a
Microsoft Excel spreadsheet, Minitab
statistical software, or SPSS software.
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QNT 351 ACADEMIC PROFESSOR/TUTORIALRANK
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