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- QNT 351 Final Exam Guide (New)
- QNT 351 Week 1 Individual Assignment Statistics
in Business - QNT 351 Week 1 DQ 1
- QNT 351 Week 1 DQ 2
- QNT 351 Week 1 DQ 3
- QNT 351 Week 1 DQ 4
- QNT 351 Week 1 DQ 5
- QNT 351 Week 1 DQ 6
- 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.
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- QNT 351 Week 1 Connect Problems
- 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?
- QNT 351 Week 1 Connect Problem 1. Which of the
following is an example of a continuous variable?
- 2. The incomes of 50 loan applicants are
obtained. Which level of measurement is income? - 3. The members of each basketball team wear
numbers on their jerseys. What scale of
measurement are these numbers considered?
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- Week 1 DQ1
- Where would you see descriptive statistics used
in your work place?
- Week 1 DQ2
- How would you define dependent and independent
variables? What is their significance in
research? Explain with examples.
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- Week 1 DQ3
- Develop five demographic questions to measure
gender, age, years of experience, level of
education, and ethnicity. Identify the level of
measurement used for each
- Week 1 DQ4
- 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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- Week 1 DQ5
- What is the importance of statistics in business
decision making? Describe a business situation
where statistics was used in making a decision.
- Week 1 DQ6
- What are the four data measurement scales?
Provide two examples and explain the importance
of each in business research.
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- QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets)
- QNT 351 Week 2 Connect Problems
- This tutorial contains 2 different Sets of papers
- 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.
- QNT 351 Week 2 Connect Problem 1. The director of
admissions at Kinzua University in Nova Scotia
estimated the distribution of student admissions
for the fall semester on the basis of past
experience. - a. What is the expected number of admissions for
the fall semester?
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- Week 2 DQ1
- 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?
- Week 2 DQ2
- 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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- Week 2 DQ3
- What level of data is a telephone number? Explain
- Week 2 DQ4
- 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 Week 2 Individual Assignment My StatsLab
- Week 2 DQ5
- Why is the population shape a concern when
estimating a mean? What effect does sample size,
n, have on the estimate of the mean?
- QNT 351 Week 2 Individual Assignment My StatsLab
10 Problems - Week 2 Problems
- 1.Choose the correct answer bellow
- A. It is an estimate or prediction or some other
generalization about a population based on
information contained in a sample
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- QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets)
- QNT 351 Week 3 Connect Problems
- This tutorial contains 2 different Sets of papers
- 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/35
- Award 10 out of 10.00 points A sample of 43
observations is selected from a normal
population. The sample mean is 30, and the
population standard deviation is 3. Conduct the
following test of hypothesis using the 0.05
significance level. a. Is this a one- or
two-tailed test?
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- Week 3 DQ1
- What are the differences between probability and
coincidence? Can the probability be more than 1
or less than 0? Explain why or why not.
- Week 3 DQ2
- What is the role of probability concepts in
business decision-making? Provide specific
examples.
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- Week 3 DQ3
- What are the basic differences between a discrete
and a continuous distribution?
- Week 3 DQ4
- 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 Week 3 Individual Assignment My StatsLab
14-Problems (2 Sets)
- QNT 351 Week 3 Individual Assignment Real Estate
Data
- QNT 351 Week 3 Individual Assignment My StatsLab
14-Problems - This tutorial contains 2 Sets of stats lab
problems also - This tutorial contains excel file which can be
used to solve your lab problems even if the
values doesnt match - Week 3 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.
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- QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets)
- This tutorial contains 2 different Sets of papers
- 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.
- Week 4 DQ1
- 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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- Week 4 DQ2
- 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?
- Week 4 DQ3
- 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 Week 4 Individual Assignment MyStatsLab
14-Problems (2 Sets)
- Week 4 DQ4
- 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?
- QNT 351 Week 4 Individual Assignment MyStatsLab
14-Problems - This tutorial contains 2 Sets of stats lab
problems also - This tutorial contains excel file which can be
used to solve your lab problems even if the
values doesnt doesnt match - Week 4 Problems
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- QNT 351 Week 4 Individual Assignment Real Estate
Data
- QNT 351 Week 4 Individual Assignment Real Estate
Data
- 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.
- 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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