QNT 351 Slingshot Academy / Qnt351.com

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QNT 351 Slingshot Academy / Qnt351.com
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Final Exam Guide  
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 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 1
Week 1 DQ1 Where would you see descriptive
statistics used in your work place?
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 2
Week 1 DQ2 How would you define dependent and
independent variables? What is their significance
in research? Explain with examples.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 3
Develop five demographic questions to measure
gender, age, years of experience, level of
education, and ethnicity. Identify the level of
measurement used for each
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 4
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 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 5
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 Slingshot Academy / Qnt351.com
QNT 351 Week 1 DQ 6
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 Slingshot Academy / Qnt351.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets)
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.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 2 DQ 1
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 Slingshot Academy / Qnt351.com
QNT 351 Week 2 DQ 2
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 Slingshot Academy / Qnt351.com
QNT 351 Week 2 DQ 3
What level of data is a telephone number? Explain.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 2 DQ 4
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 Slingshot Academy / Qnt351.com
QNT 351 Week 2 DQ 5
Why is the population shape a concern when
estimating a mean? What effect does sample size,
n, have on the estimate of the mean?
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets)
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
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 3 DQ 1
What are the differences between probability and
coincidence? Can the probability be more than 1
or less than 0? Explain why or why not.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 3 DQ 2
What is the role of probability concepts in
business decision-making? Provide specific
examples.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 3 DQ 3
What are the basic differences between a discrete
and a continuous distribution?
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 3 DQ 4
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 Slingshot Academy / Qnt351.com
QNT 351 Week 3 Individual Assignment Real Estate
Data
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 Slingshot Academy / Qnt351.com
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.
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.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 4 DQ 1
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 Slingshot Academy / Qnt351.com
QNT 351 Week 4 DQ 2
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?
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 4 DQ 3
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 Slingshot Academy / Qnt351.com
QNT 351 Week 4 DQ 4
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?
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QNT 351 Slingshot Academy / Qnt351.com
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.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 4 Learning Team Reflection (2 Sets)
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 Include the topics you feel
comfortable with, any topics you struggled with,
and how the weekly topics relate to application
in your field.
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QNT 351 Slingshot Academy / Qnt351.com
QNT 351 Week 5 Individual Assignment Real Estate
Data
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 Slingshot Academy / Qnt351.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation
If using RES/351 data Ask 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.  
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QNT 351 Slingshot Academy / Qnt351.com
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The goal of higher education should be to
champion the airing of all honest
viewpoints Nothing less is acceptable