QNT 351 PAPER Education Specialist /qnt351paper.com

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QNT 351 PAPER Education Specialist
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QNT 351 PAPER Education Specialist
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QNT 351 Final Exam Guide (New) FOR MORE
CLASSES VISIT www.qnt351paper.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?
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QNT 351 Final Exam Guide (New, 2017) Score 30/30
FOR MORE CLASSES VISIT www.qnt351paper.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? Frequency polygon Frequency
distribution Histogram Cumulative frequency
distribution How is the t distribution similar to
the standard z distribution? Both are
continuous distributions. Both are skewed
distributions. Both are families of
distributions. Both are discrete distributions.
In a distribution, the second quartile
corresponds with the __________. Median
Variance Mean Mode A random sample of 85
supervisors revealed that they worked an average
of 6.5 years before being promoted. The
population standard deviation was 1.7 years.
Using the 0.95 degree of confidence, what is the
confidence interval for the population mean?
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QNT 351 Final Exam Guide FOR MORE CLASSES
VISIT www.qnt351paper.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?
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QNT 351 Week 1 Connect Problems FOR MORE
CLASSES VISIT www.qnt351paper.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?
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QNT 351 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.com   Week 1 DQ1 Where
would you see descriptive statistics used in your
work place?
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QNT 351 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.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.qnt351paper.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.qnt351paper.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 Week 1 DQ 5 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 1 DQ 6 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 1 Individual Assignment Statistics
in Business (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.com   This tutorial
contains 2 different Sets of papers   Define stati
stics. 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 Week 1 Introduction to Statistical
Thinking Worksheet FOR MORE CLASSES
VISIT www.qnt351paper.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) Fever - Medication A
Success rate - 71 (205 out of 288 trials were
successful) Fever - Medication B Success rate
- 68 (65 out of 95 trials were successful)
Analyze the data and explain which one would be
the better medication for both a sore throat and
a fever. 3.
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QNT 351 Week 2 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.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. a. You should
use the hyper geometric distribution is
appropriate. Because b. What is the probability
exactly one of the four audited had a charitable
deduction of more than 1,000? c. What is the
probability at least one of the audited returns
had a charitable contribution of more than
1,000?
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QNT 351 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 2 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.com   Week 2 DQ3 What level
of data is a telephone number? Explain.  
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QNT 351 Week 2 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 2 DQ 5 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 2 Excel Problem Graphical Technique
FOR MORE CLASSES VISIT www.qnt351paper.com  Quest
ion 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) Question 3 Given below
are the ratings of the overall dining experience
(Outstanding, Very Good, Good, Average, or
Poor) of 30 randomly selected patrons at a
restaurant on a Saturday evening. a) Using the
Pivot table in Excel, construct a frequency
distribution. Frequency Distribution is a table
with two columns - Ratings and Frequency. b) Plot
a bar chart using Pivot Chart. c) Plot a pie
chart using Pivot Chart. Question 4 Given below
is the revenue data for an organization. Plot
Revenue on a line chart. Month Revenue Jan 4,510
Feb 10,430 Mar 8,950 Apr 12,300 May 5,300
Jun 12,430 Jul 11,900 Aug 12,230 Sep
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QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.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
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QNT 351 Week 2 Probability Worksheet FOR MORE
CLASSES VISIT www.qnt351paper.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. 1. Prepare a spreadsheet with three
columns Date, High Temperature, and Low
Temperature. List the past 60 days for which data
is available. 2. Prepare a histogram for the data
on high temperatures and comment on the shape of
the distribution as observed from these graphs.
3. Calculate ? and S. 4. What percentage of the
high temperatures are within the interval ? S
to ? S? 5. What percentage of the high
temperatures are within the interval ? 2S to ?
2S? 6. How do these percentages compare to the
corresponding percentages for a normal
distribution (68.26
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QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) FOR
MORE CLASSES VISIT www.qnt351paper.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. Generate a histogram from your frequency
distribution
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  QNT 351 Week 3 Connect Problems FOR MORE
CLASSES VISIT www.qnt351paper.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 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.com   Week 3 DQ2 What is
the role of probability concepts in business
decision-making? Provide specific examples.
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QNT 351 Week 3 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.com   Week 3 DQ3 What are
the basic differences between a discrete and a
continuous distribution?  
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QNT 351 Week 3 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 3 Excel Problems Measuring
Salespeople Performance FOR MORE CLASSES
VISIT www.qnt351paper.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
Interpretation of Mean and Median Interpretation
of Standard Deviation and Variance Interpretation
of the First and Third Quartiles
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QNT 351 Week 3 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer quest
ion 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 PAPER Education Specialist
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QNT 351 Week 3 Team Assignment Sampling
Distributions Real Estate Part 2 (New) FOR MORE
CLASSES VISIT www.qnt351paper.com   Use the real
estate data that you used for your learning team
project that was due in Week 2. Complete the
Sampling Distributions - Real Estate Part 2
worksheet. Format your assignment consistent with
APA guidelines. Click the Assignment Files tab to
submit your assignment. 1. Review the data and
for the purpose of this project please consider
the 100 listing prices as a population. Explain
what your computed population mean and population
standard deviation were. 2. Divide the 100
listing prices into 10 samples of n10 each. Each
of your 10 samples will tend to be random if the
first sample includes houses 1 through 10 on your
spreadsheet, the second sample consists of houses
11 through 20, and so on.
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QNT 351 PAPER Education Specialist
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QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.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.   Prepare a 1,050- to
1,750-word report of conclusions drawn from the
data and make recommendations to the management.
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QNT 351 Week 4 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.com   QNT 351 Week 4
Connect Problem 1) The Production department of
Celitronics International wants to explore the
relationship between the number of employees who
assemble a subassembly and the number produced.
As an experiment, 2 employees were assigned to
assemble the subassemblies. They produced 13
during a one-hour period, then 4 employees
assembled them. They produced 22 during a one
hour period. The complete set of paired
observation follows a) The dependent variable is
production that is, it is assumed that different
levels of production result from a different
number of employees. b) A scatter diagram is
provided below. Based on it, does there appear to
be any relationship between the number of
assemblers and production? c) Compute the
correlation coefficient. 2) The following sample
observation were randomly selected. X 4 5 3 6
10 Y 9.8 10.6 8 15.4 19.6 a) The regression
equation is Y ? b)
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QNT 351 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.com   Week 4 DQ2 Why does
the significance level differ among industries?
Will the null hypothesis be more likely to be
rejected at ? 0.01 than ? 0.10? As the
significance level increases to ? 0.10 from ?
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 Week 4 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 4 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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 Week 4 Excel Problems Measures of
Relative Standing and ProbabilityDistribution
FOR MORE CLASSES VISIT www.qnt351paper.com   Prob
lem 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 Week 4 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer quest
ion 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 Week 4 Learning Team Reflection (2 Sets)
FOR MORE CLASSES VISIT www.qnt351paper.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
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QNT 351 Week 4 Two Population Means Worksheet
FOR MORE CLASSES VISIT www.qnt351paper.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
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QNT 351 PAPER Education Specialist
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QNT 351 Week 5 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com
  Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer quest
ion 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 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation
FOR MORE CLASSES VISIT www.qnt351paper.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.  
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QNT 351 Week 5 Team Assignment Real Estate
Regression Exercise (New) FOR MORE CLASSES
VISIT www.qnt351paper.com   Complete the Real
Estate Regression Exercise. Format your paper
consistent with APA guidelines. Click the
Assignment Files tab to submit your assignment.
You are consulting for a large real estate firm.
You have been asked to construct a model that can
predict listing prices based on square footages
for homes in the city youve been researching.
You have data on square footages and listing
prices for 100 homes. 1. Which variable is the
independent variable (x) and which is the
dependent variable (y)? 2. Click on any cell.
Click on Insert?Scatter?Scatter with markers
(upper left). To add a trendline, click
Tools?Layout?Trendline?LinearTrendline Does the
scatterplot indicate observable correlation? If
so, does it seem to be strong or weak? In what
direction? 3. Click on Data?DataAnalysis?Regressio
n?OK. Highlight your data
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