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Title: BUS 308 HELPS Learn by Doing/bus308helps.com


1
BUS 308 HELPS Learn by Doing/bus308helps.com
2
BUS 308 HELPS Learn by Doing
  • BUS 308 Entire Course (Ash Course)
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • BUS 308 Week 1 Assignment Problems 1.2, 1.17, 3.3
    3.22
  • BUS 308 Week 1 DQ 1 Performance Report
  • BUS 308 Week 1 DQ 2 The Empirical Rule vs.
    Chebyshev Theorem
  • BUS 308 Week 1 Quiz (10 MCQ)
  • BUS 308 Week 2 Assignments Problems 4.4, 4.20,
    5.12, 6.22(a)
  • BUS 308 Week 2 DQ 1 Relative Frequency
  • BUS 308 Week 2 DQ 2 Applications for Probability
  • BUS 308 Week 2 Quiz (10 MCQ)
  • BUS 308 Week 3 Assignments Problems 7.11, 7.30,
    8.8, 8.38

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BUS 308 HELPS
Learn by Doing
  • BUS 308 Week 1 DQ 1 Language
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  •  
  • Discussion 1-1/Language Numbers and measurements
    are the language of business. Organizations look
    at results in many ways expenses, quality
    levels, efficiencies, time, costs, etc. What
    measures does your department keep track of? Are
    they descriptive or inferential data, and what is
    the difference between these? (Note If you do
    not have a job where measures are available to
    you, ask someone you know for some examples, or
    conduct outside research on an interest of yours,
    or use personal measures.)

4
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 1 DQ 2 Probability
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  • Things vary in life virtually nothing (except
    physical standards such as the speed of light) we
    interact with is constant over time. Much of this
    variation follows somewhat predictable patterns
    that can be examined using probability. An
    example of a subjective probability is Cops
    usually do not patrol this road, so I can get
    away with speeding. An empirical probability
    example is Each production run has a 5 reject
    rate. A classical (or theoretical) probability
    example is This die has six sides, so I should
    see the number 2 come up 1/6th of the time. What
    are some examples of probability outcomes in your
    work or life? How would looking at them in terms
    of probabilities help us understand what is going
    on? How does the normal curve relate to
    activities/things you are associated with?

5
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 1 Problem Set
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • 1. For assistance with these calculations, see
    the Recommended Resources for Week One.
    Measurement issues. Data, even numerically code
    variables, can be one of 4 levels nominal,
    ordinal, interval, or ratio. It is important to
    identify which level a variable is, as this
    impacts the kind of analysis we can do with the
    data. For example, descriptive statistics such as
    means can only be done on interval or ratio level
    data. Please list, under each label, the
    variables in our data set that belong in each
    group..

6
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 1 Quiz (New)
  • FOR MORE CLASSES VISIT
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  •  
  • 1. Question In statistical notation, M is to µ
    as s is to s. Question 2. Question A parameter
    refers to a sample characteristic. Question 3.
    Question Data on the city from which members of
    a board of directors come represent interval
    data. Question 4. Question In a frequency
  • distribution such as a bell-shaped curve, what
    does the vertical height of the curve indicate?

7
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 1 Quiz
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • 1. Question Data on the city from
    which members of a board of directors come
    represent interval data.
  • 2. Question Inferential
    statistics infer the characteristics of samples.
  • 3. Question The mode is which of
    the following?
  • 4. Question The standard error of
    the mean can be calculated by dividing µ by the
    square root of the number of values in the
    distribution.

8
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 2 DQ 1 Hypotheses
  • FOR MORE CLASSES VISIT
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  • Discussion 2-1/Hypotheses What is a hypothesis
    test? Why do we need to use them to make
    decisions about relating sample results to the
    population why cant we just make our decisions
    by the sample value?

9
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 2 DQ 2 Variation
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  • Variation exists in virtually all parts of our
    lives. We often see variation in results in what
    we spend (utility costs each month, food costs,
    business supplies, etc.). Consider the measures
    and data you use (in either your personal or job
    activities). When are differences (between one
    time period and another, between different
    production lines, etc.) between average or actual
    results important? How can you or your department
    decide whether or not the observed differences
    over time are important? How could using a mean
    difference test help?

10
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 2 Problem Set
  • FOR MORE CLASSES VISIT
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  •  
  • Problem Set Week Two Complete the problems below
    and submit your work in an Excel document. Be
    sure to show all of your work and clearly label
    all calculations. All statistical calculations
    will use the Included in the Week Two tab of
    theEmployee Salary Data Set are 2 one-sample
    t-tests comparing male and female average
    salaries to the overall sample mean. 1. Below are
    2 one-sample t-test comparing male and female
    average salaries to the overall sample mean.
    Based on our sample, how do you interpret the
    results and what do these results suggest about
    the population means for male and female salaries?

11
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 2 Quiz (New)
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • Question What is the relationship between the
    power of a statistical test and decision errors?
    Question 2. Question The desired sample depends
    on all of these factors except? Question 3.
    Question What question does the z test answer?
    Question 4. Question The desired sample size
    depends only the size of the population to be
    tested. Question 5. Question Each different
    t-distribution is defined by which of the
    following? Question 6. Question What is the
    alternate hypothesis in a problem where sales
    group two is predicted to be . . . significantly
    less productive than sales group one?

12
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 2 Quiz
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • 1. Question How is the sum of
    squares unlike either the standard deviation or
    the variance?
  • 2. Question If sums of squares
    statistics are calculated for shoppers at three
    different retail outlets, what statistic will
    indicate the variability among those at each
    outlet?
  • 3. Question Which is the symbol
    used for the test statistic in ANOVA?
  • 4. Question If ANOVA reveals that
    four different departments have significantly
    different levels of productivity, what will a
    post-hoc test indicate?
  • 5. Question The independent
    t-test is based on which distribution?

13
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 3 DQ 1 ANOVA
  • FOR MORE CLASSES VISIT
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  •  
  • In many ways, comparing multiple sample means is
    simply an extension of what we covered last week.
    Just as we had 3 versions of the t-test (1
    sample, 2 sample (with and without equal
    variance), and paired we have several versions
    of ANOVA single factor, factorial (called
    2-factor with replication in Excel), and within-
    subjects (2-factor without replication in Excel).
    What examples (professional, personal, social)
    can you provide on when we might use each type?
    What would be the appropriate hypotheses
    statements for each example?

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BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 3 DQ 2 Effect Size
  • FOR MORE CLASSES VISIT
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  •  
  • Several statistical tests have a way to measure
    effect size. What is this, and when might you
    want to use it in looking at results from these
    tests on job related data?

15
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 3 Problem Set
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  • ASSIGNMENT WEEK 3 Complete the problems below and
    submit your work in an Excel document. Be sure to
    show all of your work and clearly label all
    calculations. All statistical calculations will
    use the (Note Questions 1- 4 have additional
    elements to respond to below the analysis
    results.) 1. Last week, we found that the average
    performance ratings do not differ between males
    and females in the population. Now we need to see
    if they differ among the grades. Is the average
    performance rating the same for all grades?
    (Assume variances are equal across the grades for
    this ANOVA.)

16
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 4 DQ 1 Confidence Intervals
  • FOR MORE CLASSES VISIT
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  • Discussion 4-1/Confidence Intervals Many people
    do not like or trust single point estimates
    for things they need measured. Looking back at
    the data examples you have provided in the
    previous discussion questions on this issue, how
    might adding confidence intervals help managers
    accept the results better? Why? Ask a manger in
    your organization if they would prefer a single
    point estimate or a range for important measures,
    and why? Please share what they say.

17
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 4 DQ 2 Chi-Square Tests
  • FOR MORE CLASSES VISIT
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  •  
  • Discussion 4-2/Chi-Square Tests Chi-square tests
    are great to show if distributions differ or if
    two variables interact in producing outcomes.
    What are some examples of variables that you
    might want to check using the chi-square tests?
    What would these results tell you?

18
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 4 Problem Set
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  • ASSIGNMENT WEEK 4 Lets look at some other
    factors that might influence pay. Complete the
    problems below and submit your work in an Excel
    document. Be sure to show all of your work and
    clearly label all calculations. All statistical
    calculations will use the 1. Using our sample
    data, construct a 95 confidence interval for the
    population's mean salary for each gender.
    Interpret the results. How do they compare with
    the findings in the week 2 one sample t-test
    outcomes (Question 1)?

19
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 4 Quiz (New)
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • 1. Question The goodness of fit test null
    hypothesis states that the sample data does not
    match an expected distribution. Question 2.
    Question Statistical significance in the
    Chi-square test means the population distribution
    (expected) is not the source of the sample
    (observed) data. Question 3. Question While
    rejecting the null hypothesis for the goodness of
    fit test means distributions differ, rejecting
    the null for the test of independence means the
    variables
  • interact.

20
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 4 Quiz
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • 1. Question With reference to
    problem 1, what statistic determines the
    correlation of experience with productivity,
    controlling for age in experience?
  • 2. Question In a problem where
    interest rates and growth of the economy are used
    to predict consumer spending, which of the
    following will increase prediction error?
  • 3. Question With reference to
    problem 3, how is the regression constant or the
    a value interpreted?

21
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 5 DQ 1 Correlation
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • Discussion 5-1/Correlation What results in your
    departments seem to be correlated or related to
    other activities? How could you verify this?
    Create a null and alternate hypothesis for one of
    these issues. What are the managerial
    implications of a correlation between these
    variables?

22
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 5 DQ 2 Regression
  • FOR MORE CLASSES VISIT
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  •  
  • Discussion 5-2/Regression At times we can
    generate a regression equation to explain
    outcomes. For example, an employees salary can
    often be explained by their pay grade, appraisal
    rating, education level, etc. What variables
    might explain or predict an outcome in your
    department or life? If you generated a regression
    equation, how would you interpret it and the
    residuals from it?

23
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 5 Final Paper (2 Papers)
  • FOR MORE CLASSES VISIT
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  •  
  • This tutorial contains 2 Different Papers The
    final paper provides you with an opportunity to
    integrate and reflect on what you have learned
    during the class. The question to address is
    What have you learned about statistics? In
    developing your responses, consider at a
    minimum and discuss the application of each of
    the course elements in analyzing and making
    decisions about data (counts and/or
    measurements). The course elements include
    Descriptive statistics Inferential statistics
    Hypothesis development and testing Selection of
    appropriate statistical tests

24
BUS 308 HELPS Learn by
Doing
  • BUS 308 Week 5 Problem Set
  • FOR MORE CLASSES VISIT
  • www.bus308helps.com
  •  
  • ASSIGNMENT WEEK 5 1. Create a correlation table
    for the variables in our (Use analysis ToolPak or
    StatPlusmac LE function Correlation). a.
    Reviewing the data levels from week 1, what
    variables can be used in a Pearsons Correlation
    Table (which is what Excel produces)? b. Place
    the table here. c. Using r approximately .28 as
    the significant r value (at p .05) for a
    correlation between 50 values, what variables are
    significantly related to salary? To compa? d.
    Looking at the above correlations both
    significant or not are there any surprises by
    that I mean any relationships you expected to be
    meaningful and are not, and vice-versa? e. Does
    this information help us answer our equal pay for
    equal work question?

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BUS 308 HELPS
Learn by Doing
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