BUS 308 Course Experience Tradition / bus308outlet.Com - PowerPoint PPT Presentation

About This Presentation
Title:

BUS 308 Course Experience Tradition / bus308outlet.Com

Description:

FOR MORE CLASSES VISIT www.bus308outlet.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 – PowerPoint PPT presentation

Number of Views:9
Slides: 25
Provided by: adertoiwz

less

Transcript and Presenter's Notes

Title: BUS 308 Course Experience Tradition / bus308outlet.Com


1
BUS 308 Course Experience Tradition /
bus308outlet.com
For More Tutorials
www.bus308outlet.com
2
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Entire Course (Ash Course)
  • BUS 308 Entire Course (New)
  • BUS 308 Week 1 Assignment Problems 1.2, 1.17, 3.3
    3.22BUS 308 Week 1 DQ 1 Performance ReportBUS
    308 Week 1 DQ 2 The Empirical Rule vs. Chebyshev
    TheoremBUS 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 1 DQ 1 Data ScalesBUS 308 Week 1 DQ
    2 ProbabilityBUS 308 Week 1 QuizBUS 308 Week 1
    Problem Set Week OneBUS 308 Week 2 JournalBUS
    308 Week 2 DQ 1 t-Tests

3
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 1 Assignment Problems 1.2, 1.17, 3.3
    and 3.22 (Ash Course)
  • BUS 308 Week 1 DQ 1 Language
  • BUS 308 Week 1 Problems 1.2, 1.17, 3.3 and 3.22
  • 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?

4
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 1 DQ 1 Performance Report (Ash
    Course)
  • BUS 308 Week 1 DQ 2 Probability
  • You are the manager at a company and are asked to
    present a report on the year-to-date performance
    of your division. What type of statistical
    information would you include in your report? In
    particular, which descriptive statistics (mean,
    median, standard deviation, etc.) do you think
    would best represent the main aspects of the
    performance of your division? What types of
    graphical presentation (histogram, dot plot,
    stem-and-leaf, bar chart, etc.) would you
    include? Explain your reasoning
  •  
  • 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.

5
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 1 DQ 2 The Empirical Rule vs.
    Chebyshev Theorem (Ash Course)
  • BUS 308 Week 1 Problem Set
  • The Empirical Rule vs. Chebyshevs
    TheoremDiscuss how the Empirical Rule works and
    how it relates to the bell curve as illustrated
    in Figure 3.14 (a). Then, explain Chebyshevs
    Theorem and how it is different from the
    Empirical Rule. Give a specific example of a
    population with which the Empirical Rule might be
    most effective and one with which Chebyshevs
    Theorem might be most effective. Respond to at
    least two of your classmates postings.
  • 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.

6
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 1 Quiz (10 MCQ) (Ash Course)
  • BUS 308 Week 1 Quiz (New)
  • 1. Question The two types of quantitative
    variables are
  • 2. Question As a general rule, when creating a
    stem-and-leaf display, there should be between
    ______ stem values.
  • 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.

7
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 1 Quiz
  • BUS 308 Week 2 Assignments Problems 4.4, 4.20,
    5.12, 6.22(a) (Ash Course)
  • 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?
  • BUS 308 Week 2 Assignments Problems 4.4, 4.20,
    5.12, 6.22(a)

8
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 2 DQ 1 Hypotheses
  • BUS 308 Week 2 DQ 1 Relative Frequency (Ash
    Course)
  • 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?
  • Relative Frequency. Conceptually we would expect
    the probability of newborn males and females to
    be the same. However, census reports indicate
    that the ratios of males and females in various
    countries do not conform to the theoretical
    prediction. What do you think accounts for this
    variation? Can you think of other cases where the
    expected probabilities do not quite agree with
    the empirical values?

9
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 2 DQ 2 Applications for Probability
    (Ash Course)
  • BUS 308 Week 2 DQ 2 Variation
  • Applications for Probability. In what situations
    might you use probability as a manager to
    approach business-related problems? What are the
    advantages to using probability concepts in
    business decisions? Are there any disadvantages
    or possible pitfalls to avoid in using
    probability in business?
  • 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?

10
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 2 Problem Set
  • BUS 308 Week 2 Quiz (10 MCQ) (Ash Course)
  • Problem Set Week TwoComplete the problems below
    and submit your work in an Excel document. Be
    sure to show all of your work and clearly label
    all calculations.
  • 1. Question In a statistical study, the random
    variable X 1, if the house is colonial, and X
    0 if the house is not colonial, then it can be
    stated that the random variable is continuous.
  • 2. Question The set of all possible
    experimental outcomes is called a(n)

11
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 2 Quiz (New)
  • BUS 308 Week 2 Quiz
  • 1. 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?
  • 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?

12
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 3 Assignments Problems 7.11, 7.30,
    8.8, 8.38 (Ash Course)
  • BUS 308 Week 3 DQ 1 ANOVA
  • BUS 308 Week 3 Assignments Problems 7.11, 7.30,
    8.8, 8.38
  • 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?

13
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 3 DQ 1 Unscientific Sampling (Ash
    Course)
  • BUS 308 Week 3 DQ 2 Article Review (Ash Course)
  • Unscientific Sampling. Consider question 7.45
    from the text A Milwaukee television station,
    WITI-TV, conducted a telephone call-in survey
    asking whether viewers liked the new newspaper,
    the Journal Sentinel
  • Article Review. Many articles present statistical
    data and list margins of error (for example,
    reports on political opinion polls, growth or
    decline of the housing markets, manufacturing
    sectors, etc.). Find one such article from a
    reliable source (such as EBSCO or Proquest) in
    the online library that includes a construction
    of confidence intervals for the data studied, and
    give a summary of the topic and the statistical
    results presented.

14
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 3 DQ 2 Effect Size
  • BUS 308 Week 3 Problem Set
  • 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?
  • 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.)

15
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 3 Quiz (10 MCQ) (Ash Course)
  • BUS 308 Week 4 Assignments Problems 9.13, 9.22,
    12.10, 12.18(a) (Ash Course)
  • 1. Question There is little difference between
    the values of ta/2 and Za/2 when the sample
  • 2. Question If the population proportion is .4
    with a sample size of 20, then is this sample
    large enough so that the sampling distribution of
    is a normal distribution.
  • BUS 308 Week 4 Assignments Problems 9.13, 9.22,
    12.10, 12.18(a)

16
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 4 DQ 1 Confidence Intervals
  • BUS 308 Week 4 DQ 1 Hypothesis Test (Ash Course)
  • 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?
  • Give an example of a hypothesis test you could
    perform at work or at home. State what the Null
    and the Alternative hypotheses would be in your
    test. Explain how you would settle on a
    reasonable level of significance for your
    scenario. Also explain what the type I and II
    errors would be if you reached the incorrect
    conclusion in your test.

17
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 4 DQ 2 Chi-Square Tests
  • BUS 308 Week 4 DQ 2 Creating Hypotheses (Ash
    Course)
  • 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?
  • Creating Hypotheses. Assume you are the manager
    of a paint manufacturing factory. Your company
    has received complaints from customers that the
    containers hold less than the amount printed on
    them. On the other hand, corporate management is
    concerned that the containers hold more than the
    standard amount. You assign a statistician to
    verify these claims

18
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 4 Problem Set
  • BUS 308 Week 4 Quiz (10 MCQ) (Ash Course)
  • ASSIGNMENT WEEK 4Lets 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
  • 1. Question Consider using p-value to test H0
    versus Ha by setting a equal to .10. We reject H0
    at level a of significance if and only if the
    p-value is
  • 2. Question When carrying out a sample test
    (with ó known) of H0 µ 10 vs. Ha µ gt 10 by
    using a rejection point, we reject Ho at level of
    significance a if and only if the calculated test
    statistic is

19
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 4 Quiz (New)
  • BUS 308 Week 4 Quiz
  • 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.
  • 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?

20
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 5 DQ 1 Correlation
  • BUS 308 Week 5 DQ 1 Linear Correlation (Ash
    Course)
  • 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?
  • Linear Correlation. Do you think there is a
    correlation between CEO salaries and the degree
    of success of a company? If you were to take a
    sample of companies with comparable size, market
    capitalization, and product category, and plot
    CEO salaries against the net profit of their
    respective companies, do you expect to find a
    linear correlation between the two? Explain

21
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 5 DQ 2 Quality Control (Ash Course)
  • BUS 308 Week 5 DQ 2 Regression
  • Quality Control. Visit the websites on Quality
    Control (QC) listed in the Required Websites for
    this week. In addition, locate an article on the
    Internet or in the Library databases that
    describes an example of the use of statistics in
    Quality Control. In your post, briefly define
    Quality Control and explain its importance.
  • 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?

22
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 5 Final Paper (2 Papers)
  • BUS 308 Week 5 Final Part I - Excel (Ash Course)
  • 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).
  • Calculate the mean yearly value using the average
    gas prices by month found in the"Final Project
    Data Set".
  • 2.Using the years as your x-axis and the annual
    mean as your y-axis, create a scatterplotand a
    linear regression line.
  • 3.Answer the following questions using your
    scatterplot and linear regression line What is
    the slope of the linear regression line? What is
    the Y-intercept of the linear regression line?

23
BUS 308 Course Experience Tradition /
bus308outlet.com
  • BUS 308 Week 5 Final Part II Analysis Paper on
    gas prices
  • BUS 308 Week 5 Problem Set
  • Imagine that you are a manager at a delivery
    service and you are creating a report toproject
    the effects on your company of rising gas prices
    in the next ten years.
  • Using thepreceding statistical analysis as your
    basis and outside scholarly resources to support
    yourclaims
  • 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.

24
BUS 308 Course Experience Tradition /
bus308outlet.com
For More Tutorials
www.bus308outlet.com
Write a Comment
User Comments (0)
About PowerShow.com