QNT 351 Education on your terms-snaptutorial.com

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QNT 351 Education on your terms/snaptutorial.com
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QNT 351 Education on your terms/snaptutorial.com
QNT 351 Final Exam Guide (New, 2017) Score
30/30 For more classes visit www.snaptutorial.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  
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QNT 351 Education on your terms/snaptutorial.com
QNT 351 Final Exam Guide (New, 2017) Score
30/30 For more classes visit www.snaptutorial.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  
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QNT 351 Education on your terms/snaptutorial.com
QNT 351 Final Exam Guide For more classes
visit www.snaptutorial.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?    
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QNT 351 Week 1 Connect Problems For more classes
visit www.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) For more classes
visit www.snaptutorial.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)
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QNT 351 Education on your terms/snaptutorial.com
QNT 351 Week 1 Introduction to Statistical
Thinking Worksheet For more classes
visit www.snaptutorial.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)
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QNT 351 Week 2 Connect Problems For more classes
visit www.snaptutorial.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 Week 2 DQ 1 For more classes
visit www.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.
com Question 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   (www.financialfines
se.com)
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QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) For more classes
visit www.snaptutorial.com Question 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   (www.financia
lfinesse.com)
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QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) For more classes
visit www.snaptutorial.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 Week 2 Probability Worksheet For more
classes visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) For more
classes visit www.snaptutorial.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.
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QNT 351 Week 3 Connect Problems For more classes
visit www.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 3 Team Assignment Sampling
Distributions Real Estate Part 2 (New)  For more
classes visit www.snaptutorial.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. 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 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) For more classes
visit www.snaptutorial.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.
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QNT 351 Week 4 Connect Problems For more classes
visit www.snaptutorial.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.
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QNT 351 Week 4 DQ 1 For more classes
visit www.snaptutorial.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.snaptutorial.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 Week 4 DQ 3 For more classes
visit www.snaptutorial.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? 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 4 For more classes
visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 4 Excel Problems Measures of
Relative Standing and ProbabilityDistribution For
more classes visit www.snaptutorial.com Problem
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?
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QNT 351 Education on your terms/snaptutorial.com
QNT 351 Week 4 Individual Assignment Real Estate
Data For more classes visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 4 Learning Team Reflection (2
Sets) For more classes visit www.snaptutorial.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 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 t
he Assignment Files tab to submit your
assignment.  
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QNT 351 Week 4 Two Population Means Worksheet For
more classes visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 5 Individual Assignment Real Estate
Data For more classes visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation For
more classes visit www.snaptutorial.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 Education on your terms/snaptutorial.com
QNT 351 Week 5 Team Assignment Real Estate
Regression Exercise (New) For more classes
visit www.snaptutorial.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?Scatte
r with markers (upper left).
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