QNT 351 MENTOR Education Specialist /qnt351mentor.com

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QNT 351 MENTOR Education Specialist
/qnt351mentor.com
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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QNT 351 Final Exam Guide (New, 2017) Score
30/30 FOR MORE CLASSES VISIT www.qnt351mentor.com
 QNT 351 Final Exam Guide (New, 2017) Score
30/3 The mean amount spent by a family of four on
food is 500 per month with a standard deviation
of 75. Assuming that the food costs are normally
distributed, what is the probability that a
family spends less than 410 per month?
0.1151 0.0362 0.8750 0.2158 As the size of
the sample increases, what happens to the shape
of the distribution of sample means? It cannot
be predicted in advance. It is negatively
skewed. It approaches a normal distribution.
It is positively skewed. What is the following
table called?
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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? 6. An example of a
qualitative variable is _________________.
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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?
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QNT 351 MENTOR Education Specialist
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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.
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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
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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.
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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  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.
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 1 Introduction to Statistical
Thinking Worksheet FOR MORE CLASSES VISIT
www.qnt351mentor.com   Complete the Introduction
to Statistical Thinking Worksheet. Format your
assignment consistent with APA guidelines. Click
the Assignment Files tab to submit your
assignment. 1. There are 23 people at a
party. Explain what the probability is that any
two of them share the same birthday. 2. A
cold and flu study is looking at how two
different medications work on sore throats and
fever. Results are as follows Sore
throat - Medication A Success rate - 90 (101
out of 112 trials were successful) Sore
throat - Medication B Success rate - 83 (252
out of 305 trials were successful)
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 2 Excel Problem Graphical Technique
FOR MORE CLASSES VISIT www.qnt351mentor.com   Qu
estion 1 Plot a 100 stacked column chart for
television sales by year. U.S. Television Sales,
2002 - 2005 ( thousands) Projection TV LCD TV
Plasma TV 2002 3,574 246 515 2003 4,351 664
1,590 2004 6,271 1,579 2,347 2005 5,320 3,295
4,012 Question 2 In a 2013 survey of employees
conducted by Financial Finesse Inc., employees
were asked about their overall financial stress
levels. The following table shows the results of
this survey (www.financialfinesse.com)
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QNT 351 MENTOR Education Specialist
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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
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 2 Probability Worksheet FOR MORE
CLASSES VISIT www.qnt351mentor.com   Complete
the Probability Worksheet. Format your paper
consistent with APA guidelines. Click the
Assignment Files tab to submit your
assignment. Maximum and Minimum Temperatures
Search the Internet for U.S. climate
data. Choose the city in which you live. Click
on the tab that reads Daily. Prepare a
spreadsheet with three columns Date, High
Temperature, and Low Temperature. List the past
60 days for which data is available. Prepare a
histogram for the data on high temperatures and
comment on the shape of the distribution as
observed from these graphs.
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QNT 351 MENTOR Education Specialist
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 QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) FOR
MORE CLASSES VISIT www.qnt351mentor.com Search
the Internet for a realty site. Select a hometown
of someone on your team in the search section on
the website you have chosen. When all of the
listings populate, make sure that the sort
criteria reads "New Listings." This ensures that
you are searching a random cross-section of
listings rather than favoring one price
range. Review the new listings that
populate. Create an Excel spreadsheet with 4
columns of the first 100 single family homes
listed, not including condominiums or
townhouses. Include each of the following
categories in the spreadsheet Property address,
listing price, square footage, and number of
bedrooms. Prepare a frequency distribution for
listing prices, including relative frequencies.
Create your frequency distribution as identified
in Chapters 2, 3, and 4.
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QNT 351 MENTOR Education Specialist
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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.)
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 3 DQ 3 FOR MORE CLASSES VISIT
www.qnt351mentor.com   Week 3 DQ3 What are the
basic differences between a discrete and a
continuous distribution?
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 3 Excel Problems Measuring
Salespeople Performance FOR MORE CLASSES VISIT
www.qnt351mentor.com   Week A B C D 1 1774 2205
1330 1402 2 1808 1507 1295 1665 3 1890 2352 1502
1530 4 1932 1939 1104 1826 5 1855 2052 1189
1703 6 1726 1630 1441 1498 Interpretation of
Minimum and Maximum
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QNT 351 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 3 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.co
m   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 MENTOR Education Specialist
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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.
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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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?
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 4 Excel Problems Measures of
Relative Standing and Probability Distribution
FOR MORE CLASSES VISIT www.qnt351mentor.com   Pr
oblem 1 Figure below gives the boxplots comparing
the base yearly salaries of employeesin marketing
and employees in research for a large company.
Identify the five number summaries. for each
profession. Interpret them like we did in the
class. Problem 2 An insurance company determines
that in every 100 claims, 4 are fraudulent. What
is the probability that the next claim the
company processes will be fraudulent? Problem
3 A review of emergency room records at rural
Millard
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QNT 351 MENTOR Education Specialist
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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
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 4 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.co
m   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 MENTOR Education Specialist
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QNT 351 Week 4 Learning Team Reflection (2 Sets)
FOR MORE CLASSES VISIT www.qnt351mentor.com   QN
T 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. Prepare a 350- to 1,050-word paper
detailing the findings of your discussion. Click
the Assignment Files tab to submit your
assignment.
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 4 Two Population Means Worksheet
FOR MORE CLASSES VISIT www.qnt351mentor.com   A
tomato farmer with a very large farm of
approximately 2200 acres had heard about a new
type of rather expensive fertilizer which would
supposedly significantly increase his production.
The frugal farmer wanted to test the new
fertilizer before committing the large investment
required to fertilize a farm of his size. He
therefore selected 15 parcels of land on his
property and divided them each into two portions.
He bought just enough of the new fertilizer to
spread over one half of each parcel and then
spread the old fertilizer over the other half of
each parcel. His yields in pounds per tomato
plant were as follows What if you were the
fertilizer sales representative and your job was
to prove the superiority of the new product to
the farmer?
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QNT 351 MENTOR Education Specialist
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QNT 351 Week 5 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351mentor.co
m   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.
44
QNT 351 MENTOR Education Specialist
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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 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. 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.
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QNT 351 MENTOR Education Specialist
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