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For more course tutorials visit www.tutorialrank.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? 2. An 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. When a class interval is expressed as 100 up to 200, _________________________. – PowerPoint PPT presentation

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Title: QNT 351 course Marvelous Learning/tutorilarank.com


1
QNT 351 course Marvelous Learning/
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Final Exam Guide (New) For more course
tutorials visit www.tutorialrank.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? 2. An
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 course Marvelous Learning /
tutorialrank.com
QNT 351 Final Exam Guide (UOP Course) For more
course tutorials visit www.tutorialrank.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
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 Connect Problems For more course
tutorials visit www.tutorialrank.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?
5
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 1 (UOP Course) For more course
tutorials visit www.tutorialrank.com Where
would you see descriptive statistics used in your
work place?
6
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 2 (UOP Course)
For more course tutorials visit
www.tutorialrank.com How would you define
dependent and independent variables? What is
their significance in research? Explain with
examples.
7
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 3 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 4 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 5 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 DQ 6 (UOP Course)
For more course tutorials visit
www.tutorialrank.com What are the four data
measurement scales? Provide two examples and
explain the importance of each in business
research.
11
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) For more course tutorials
visit www.tutorialrank.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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 Connect Problems For more course
tutorials visit www.tutorialrank.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.
13
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 DQ 1 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 DQ 2 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 DQ 3 (UOP Course)
For more course tutorials visit
www.tutorialrank.com What level of data is a
telephone number? Explain.
16
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 DQ 4 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 DQ 5 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 Individual Assignment My StatsLab
10 Problems (UOP Course) For more
course tutorials visit www.tutorialrank.com
QNT 351 Week 2 Individual Assignment My StatsLab
10 Problems
19
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) For more course tutorials
visit www.tutorialrank.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
20
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 Connect Problems For more course
tutorials visit www.tutorialrank.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.)
21
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 DQ 1 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 DQ 2 (UOP Course)
For more course tutorials visit
www.tutorialrank.com What is the role of
probability concepts in business decision-making?
Provide specific examples.
23
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 DQ 3 (UOP Course)
For more course tutorials visit
www.tutorialrank.com What are the basic
differences between a discrete and a continuous
distribution?
24
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 DQ 4 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 Individual Assignment My StatsLab
14-Problems (2 Sets) For more course tutorials
visit www.tutorialrank.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 match Week 3 Problems
26
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 Individual Assignment Real Estate
Data(UOP Course) For more course
tutorials visit www.tutorialrank.com
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.
27
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) For more course
tutorials visit www.tutorialrank.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.
28
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 DQ 1 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 DQ 2 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 DQ 3 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 DQ 4 (UOP Course)
For more course tutorials visit
www.tutorialrank.com 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 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 Individual Assignment MyStatsLab
14-Problems (2 Sets) For more course tutorials
visit www.tutorialrank.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 match Week 4 Problems 1. Determine
whether the random variable is discrete or
continuous.
33
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 4 Learning Team Reflection (2
Sets) For more course tutorials visit
www.tutorialrank.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
34
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 5 Individual Assignment MyStatsLab
Problems (UOP Course) For more
course tutorials visit www.tutorialrank.com
QNT 351 Week 5 Indivdiual Assignment MyStatsLab
Problems
35
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 5 Individual Assignment Real Estate
Data (UOP Course) For more course
tutorials visit www.tutorialrank.com
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.
36
QNT 351 course Marvelous Learning /
tutorialrank.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation (UOP
Course) For more course tutorials
visit www.tutorialrank.com Answer question 58
in the Data Set Exercises from Ch. 10 of Basic
Statistics for Business and Economics.
37
QNT 351 course Marvelous Learning /
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
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