QNT 351 MARE Career Path Begins/qnt351mare.com

1
QNT 351 MARE Career Path Begins/qnt351mare.com
2
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Final Exam Guide (New) FOR MORE CLASSES
VISIT www.qnt351mentor.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?
3
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Final Exam Guide FOR MORE CLASSES VISIT
www.qnt351mentor.com 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? 4) What type of variable is the
number of robberies reported in your city? 5)
What level of measurement is the number of auto
accidents reported in a given month? 6) The names
of the positions in a corporation, such as chief
operating officer or controller, are examples of
what level of measurement? 7) Shoe sizes, such as
7B, 10D, and 12EEE, are examples of what level of
measurement?
4
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 Connect Problems FOR MORE CLASSES
VISIT www.qnt351mentor.com 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? 4. The reported unemployment is 5.5
of the population. What measurement scale is used
to measure unemployment? 5. The Nielsen Ratings
break down the number of people watching a
particular television show by age. What level of
measurement is age?
5
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 1 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 1 DQ1 Where would you
see descriptive statistics used in your work
place?
6
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 2 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 1 DQ2 How would you
define dependent and independent variables? What
is their significance in research? Explain with
examples.
7
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 3 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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
8
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 4 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
9
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 5 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
10
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 DQ 6 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 1 DQ6 What are the
four data measurement scales? Provide two
examples and explain the importance of each in
business research.
11
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
12
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 Connect Problems FOR MORE CLASSES
VISIT www.qnt351mentor.com 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? b. Compute the variance and the
standard deviation of the number of
admissions. 2. The Internal Revenue Service is
studying the category of charitable
contributions. A sample of 28 returns is selected
from young couples between the ages of 20 and 35
who had an adjusted gross income of more than
100,000. Of these 28 returns, 5 had charitable
contributions of more than 1,000. Suppose 4 of
these returns are selected for a comprehensive
audit.
13
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
14
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 DQ 2 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
15
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 DQ 3 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 2 DQ3 What level of
data is a telephone number? Explain.
16
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 DQ 4 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
17
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 DQ 5 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
18
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 Individual Assignment My StatsLab
(2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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 B. It is a
characteristic or property of an individual
experimental unit C. It is the process used to
assign numbers to variables of individual
population units D. It is the science that deals
with collection, classification, and
interpretation of information or data 2. Explain
the difference between qualitative and
quantitative data
19
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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/351 Prepare a 700- to
1,050-word written report along with a 5- to
7-slide Microsoft PowerPoint presentation for
the senior management team or stakeholders of
your RES/351 research project to present your
findings. Address the following Present the
chosen situation as an overviewproblem, purpose,
research questions, and hypotheses. Describe and
the instrument used for data collection.
20
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 Connect Problems FOR MORE CLASSES
VISIT www.qnt351mentor.com 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? b. What
is the decision rule? (Round your answer to 3
decimal places.) c. What is the value of
the test statistic? (Round your answer to 2
decimal places.) d. What is your decision
regarding H0? e. What is the p-value?
(Round your answer to 4 decimal places.)
21
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 DQ 1 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
22
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 DQ 2 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 3 DQ2 What is the role
of probability concepts in business
decision-making? Provide specific examples.
23
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 DQ 3 FOR MORE CLASSES VISIT
www.qnt351mentor.com Week 3 DQ3What are the
basic differences between a discrete and a
continuous distribution?
24
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 DQ 4 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.
25
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 Individual Assignment My StatsLab
14-Problems (2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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 doesnt match Week 3 Problems 1. An
industrial group reports that there were
approximately 122,000 industrial robots operating
in a region last year. The graph shows the
percentages of industrial robot units assigned to
each of six task categories.
26
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.com
Resources Appendix A1 at the end of Basic
Statistics for Business and EconomicsAnswer
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.
27
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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.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.Summarize the statistics in relation to the
problem selected and research questions and draw
conclusions.
28
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 DQ 1 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
29
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 DQ 2 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
30
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 DQ 3 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
31
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 DQ 4 FOR MORE CLASSES VISIT
www.qnt351mentor.com 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?
32
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 Individual Assignment MyStatsLab
14-Problems (2 Sets) FOR MORE CLASSES VISIT
www.qnt351mentor.com 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 1.
Determine whether the random variable is discrete
or continuous. a. the number of textbook authors
now sitting at a computer b. the weight of a
T-bone steak
33
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.com
Resources Appendix A1 at the end of Basic
Statistics for Business and EconomicsAnswer
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.
34
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 4 Learning Team Reflection (2
Sets) FOR MORE CLASSES VISIT www.qnt351mentor.com
QNT 351 Week 4 Learning Team Reflection This
tutorial contains 2 different sets Discuss the
following with your Learning Team The steps in
testing a research hypothesis Comparing the means
of two or more groups Calculating the correlation
between two variables
35
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 5 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.com
Resources Appendix A1 at the end of Basic
Statistics for Business and EconomicsAnswer
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.
36
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 MARE Career Path Begins/qnt351mare.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation FOR
MORE CLASSES VISIT www.qnt351mentor.com If using
RES/351 dataAsk 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.Prepare a
1,050- to 1,750-word written report along with a
7- to 9-slide Microsoft PowerPoint presentation
for the senior management team to present your
findings.If using the Ballard Integrated Managed
Services, Inc. (BIMS) case study overview
37
QNT 351 MARE Career Path Begins/qnt351mare.com