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Title: QNT 561 Experience Tradition / newtonhelp.com


1
QNT 561 Experience Tradition /newtonhelp.com
2
QNT 561 Entire Course (With Final Guide)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • Q1
  • QNT 561 Final Exam Guide (New, 2017)
  • QNT 561 Week 1 Assignment Statistics Concepts and
    Descriptive Measures Instructions (Financial
    Data)
  • QNT 561 Week 1 Assignment Statistics Concepts
    and Descriptive Measures Instructions (Consumer
    Food)
  • QNT 561 Week 2 Case Study MBA Schools in Asia
    Pacific (2 Papers)
  • QNT 561 Week 3 Case Study SuperFun Toys (2
    Papers)

3
QNT 561 Entire Course (Without Final Guide)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • QNT 561 Week 1 Assignment Statistics Concepts and
    Descriptive Measures Instructions (Financial
    Data)
  • QNT 561 Week 1 Assignment Statistics Concepts and
    Descriptive Measures Instructions (Consumer Food)
  • QNT 561 Week 2 Case Study MBA Schools in Asia
    Pacific (2 Papers)
  • QNT 561 Week 3 Case Study SuperFun Toys (2
    Papers)
  • QNT 561 Week 3 Assignment Expansion Strategy and
    Establishing a Re-Order Point

4
QNT 561 Final Exam Guide (New, 2017)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • 1. James Desreumaux, VP of Human Resources
    of American First Banks (AFB), is reviewing the
    employee training programs of AFB banks. His
    staff randomly selected personnel files for 100
    tellers in the Southeast Region and determined
    that their mean training time was 25 hours.
    Assume that the population standard deviation is
    5 hours. The 95 confidence interval for the
    population mean of training times is
  • 2. If x is a binomial random variable
    with n10 and p0.8, the mean value of x is______
  • 3. According to the central limit theorem,
    for samples of size 64 drawn from a population
    with µ 800 and s 56, the standard deviation of
    the sampling distribution of sample means would
    equal ______
  • 4. Life tests performed on a sample of 13
    batteries of a new model indicated (1) an
    average life of75 months

5
QNT 561 Final Exam Guide (Score 29/30 New, 2018)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • 1. James Desreumaux, VP of Human Resources
    of American First Banks (AFB), is reviewing the
    employee training programs of AFB banks. His
    staff randomly selected personnel files for 100
    tellers in the Southeast Region and determined
    that their mean training time was 25 hours.
    Assume that the population standard deviation is
    5 hours. The 95 confidence interval for the
    population mean of training times is
  • 2. If x is a binomial random variable
    with n10 and p0.8, the mean value of x is______
  • 3. According to the central limit theorem,
    for samples of size 64 drawn from a population
    with µ 800 and s 56, the standard deviation of
    the sampling distribution of sample means would
    equal ______
  • 4. Life tests performed on a sample of 13
    batteries of a new model indicated (1) an
    average life of75 months, and (2) a standard
    deviation of 5 months. Other battery models,
    produced by similar processes, have normally
    distributed life spans. The 98 confidence
    interval for the population mean life of the new
    model is _________

6
QNT 561 Week 1 Assignment Statistics Concepts
and Descriptive Measures Instructions (Consumer
Food)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • Purpose of Assignment
  • The purpose of this assignment to orient students
    to the key concepts in statistics. This
    assignment will introduce students to the
    language of statistics. Students will also get a
    chance to warm-up on evaluating some basic
    descriptive statistics using Excel prior to the
    course start.
  • Assignment Steps
  • This assignment has an Excel dataset spreadsheet
    attached.
  • Resource Microsoft Excel, Statistics Concepts
    and Descriptive Measures Data Set
  • Download the Statistics Concepts and Descriptive
    Measures Data Set.
  • Choose

7
QNT 561 Week 1 Assignment Statistics Concepts
and Descriptive Measures Instructions (Financial
Data)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • Purpose of Assignment
  • The purpose of this assignment to orient students
    to the key concepts in statistics. This
    assignment will introduce students to the
    language of statistics. Students will also get a
    chance to warm-up on evaluating some basic
    descriptive statistics using Excel prior to the
    course start.
  • Assignment Steps
  • This assignment has an Excel dataset spreadsheet
    attached.
  • Resource Microsoft Excel, Statistics Concepts
    and Descriptive Measures Data Set
  • Download the Statistics Concepts and Descriptive
    Measures Data Set.
  • Choose
  • Financial

8
QNT 561 Week 1 Individual My Statslab Problem
Set
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  • 1. What is statistics?
  • 2. Explain the difference between
    descriptive and inferential statistics.
  • 3. Explain the difference between
    qualitative and quantitative data.
  • 4. Explain how populations and variables
    differ.
  • 5. Explain how populations and samples
    differ.
  • 6. What is a representative sample?
  • 7. Explain the difference between a
    population and a process.

9
QNT 561 Week 1 Lab Work (New)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 2
  • Ex 4) Two Thousand three hundred frequent
    business travelers are asked which Midwestern
    city they prefer Indianapolis, Saint Louis,
    Chicago or Milwaukee. 388 liked Indianapolis
    best, 450 liked Saint Louis, 1212 liked Chicago
    and the remainder prefers Milwaukee. Develop a
    frequency table and a relative frequency table to
    summarize this information (Round relative
    frequency to 3 decimal places.)
  • Ex 6) A small business consultant is
    investigating the performance of several
    companies. The fourth-quarter sales for last year
    (in thousands of dollars) for the selected
    companies were
  • The consultant wants to include a chart in his
    report comparing the sales of six companies.
    Identify a bar chart that compares the
    fourth-quarter sales of these corporations.
  • Ex 12) the quick change oil company has a number
    of outlets in the metropolitan Seattle area. The
    daily number of oil changes at the Oak Street
    outlet in the past 20 days is

10
QNT 561 Week 2 Case Study MBA Schools in Asia
Pacific (2 Papers)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 2
  • Review the Case Study MBA Schools in
    Asia-Pacific and the Case Study MBA Schools in
    Asia-Pacific data set.
  • Prepare a 1,050-word managerial report for your
    boss.
  • Use the following questions for guidelines and
    directions on what to include in the report
  • 1. What is the type of data (Quantitative
    or Qualitative) for each of the columns
    (variables) in the dataset? If quantitative, is
    the data discrete or continuous? Neatly summarize
    your response in a table for all the columns
    (variables).
  • 2. Using Excel, find the mean, median,
    standard deviation, minimum, maximum, and the
    three quartiles for each of the quantitative
    variables identified in part 1 above. Neatly
    summarize in a table on this document. Comment on
    what you observe.

11
QNT 561 Week 2 Individual My Statslab Problem
Set
  • For more course tutorials visit
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  • 1. A random sample of 87 observations
    produced a mean 25.7 and a standard deviation
    s 2.6.
  • 2. Health care workers who use latex gloves
    with glove powder on a daily basis are
    particularly susceptible to developing a latex
    allergy. Each in a sample of 50 hospital
    employees who were diagnosed with a latex allergy
    based on a skin-prick test reported on their
    exposure to latex gloves. Summary statistics for
    thr number of latex gloves used per week are
    19.4 and s 11.6. Complete parts (a) (d).
  • 3. Each child in a sample of 62 low-income
    children was administered a language and
    communication exam. The sentence complexity
    scores had a mean of 7.63 and a standard
    deviation of 8.92. Complete parts a through d.
  • 4. The random sample shown below was
    selected from a normal distribution.

12
QNT 561 Week 2 Lab Work (New)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 5
  • Ex 4) A large company must hire a new president.
    The Board of Directors prepares a list of five
    candidates, all of whom are equally qualified.
    Two of these candidates are members of a minority
    group. To avoid bias in the selection of the
    candidate, the company decides to select the
    president by lottery.
  • a. What is the probability one of the
    minority candidate is hired?
  • b. Which concept of probability did you use
    to make this estimate?
  • Ex 14) The chair of the board of directors says,
    There is a 50 chance this company will earn a
    profit

13
QNT 561 Week 2 Team Assignment Business Research
Project Part 1 Business Problem and Research
Questions
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  • Chapter 5
  • Identify an organization or business for your
    Learning Team research project.
  • Describe the products or services it provides.
  • Identify a problem or dilemma faced by the
    organization that could be addressed by research.
  • Discuss the problem as a team.
  • Discuss your selected problem or dilemma with
    your faculty member to ensure that it is at an
    appropriate scope for the course.
  • Develop a purpose statement for your research
    project.

14
QNT 561 Week 2 Team Assignment Business Research
Project Part 1 Formulation of the Research
Problem
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  • Chapter 5
  • Identify an organization from any member in your
    Learning Team or an organization with which your
    team is familiar. If an actual company is used,
    disguise its name with a pseudonym.
  • Identify one independent variable and one
    dependent variable based on the business.
    Operationalize these variables if they are too
    abstract to measure.
  • Develop a real or realistic research question for
    the company you chose and the two variables.
    Include a background, a business problem and the
    team's role of no more than 500 words.
  • Develop a research question from the two
    variables. Keep you research question simple,
    easy to understand and able to be quantified with
    research data.

15
QNT 561 Week 3 Assignment Expansion Strategy and
Establishing a Re-Order Point
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  • Chapter 5
  • Learning team paper
  • Purpose of Assignment
  • This assignment has two cases. The first case is
    on expansion strategy. Managers constantly have
    to make decisions under uncertainty. This
    assignment gives students an opportunity to use
    the mean and standard deviation of probability
    distributions to make a decision on expansion
    strategy. The second case is on determining at
    which point a manager should re-order a printer
    so he or she doesn't run out-of-stock. The second
    case uses normal distribution. The first case
    demonstrates application of statistics in finance
    and the second case demonstrates application of
    statistics in operations management.
  • Assignment Steps

16
QNT 561 Week 3 Case Study SuperFun Toys (2
Papers)
  • For more course tutorials visit
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  • Individual Paper
  • Purpose of Assignment
  • The purpose of this assignment is for students to
    learn how to make managerial decisions using a
    case study on Normal Distribution. This case uses
    concepts from Weeks 1 and 2. It provides students
    an opportunity to perform sensitivity analysis
    and make a decision while providing their own
    rationale. This assignment also shows students
    that statistics is rarely used by itself. It
    shows tight integration of statistics with
    product management.
  • Assignment Steps
  • Develop a 1,050-word case study analysis
    including the following

17
QNT 561 Week 3 Individual Mystatslab Problem Set
  • For more course tutorials visit
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  • 1. Which hypothesis, the null or the
    alternative, is the status-quo hypothesis?
  • 2. A university economist conducted a study
    of elementary school lunch menus. During the
    state-mandated testing period, school lunches
    averaged 890 calories. The economist claimed that
    after the testing period ended, the average
    caloric content of the school lunches
    increased/dropped significantly. Set up the null
    and alternative hypothesis to test the
    economists claim.
  • 3. Suppose the mean GPA of all students
    graduating from a particular university in 1975
    was 2.40. The register plans to look at records
    of graduating last year to see if the mean GPA
    has decreased. Define notation and state the null
    and alternative hypothesis for this
    investigation.
  • 4. A random sample of 100 observations from
    a population with standard deviation 58 yielded a
    sample mean of 111. Complete parts a through c.
  • 5. A final scores of games of a certain
    sport were compared against the final point
    spreads established by oddsmakers. The difference
    between the game outcome and point spread (called
    a point-spread error) was calculated for 250
    games. The

18
QNT 561 Week 3 Lab Work (New)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 8
  • Ex 2) The following is a list of 29 hospitals in
    the Cincinnati (Ohio) and Northern Kentucky
    region. The hospitals are identified by numbering
    them 00 through 28. Also included is whether the
    hospital is a general medical/surgical hospital
    (M/S) or a specialty hospital (S). we are
    interested in estimating the average number of
    full- and part-time nurses employed in the area
    hospitals.
  • Ex 8) A population consists of the following
    five values 1,1,6,7,9.
  • a. List all samples of size 3, and compute
    the mean of each sample
  • b. Compute the mean of the distribution of
    sample means and the population mean.

19
QNT 561 Week 3 Team Assignment Business Research
Project Part 2 Research Plan (2 Papers)
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  • This Tutorial contains 2 different Papers
  • Develop a plan for your Business Research Project
    in approx. 800 words.
  • Revise the research questions based on instructor
    feedback from the previous week.
  • Identify population and samples for your
    research.
  • Describe who will be chosen and how they will be
    accessed.
  • Determine the data collection process.

20
QNT 561 Week 4 Case the Payment Time
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  • Individual Paper
  • Purpose of Assignment
  • The purpose of the assignment is to develop
    students' abilities in using datasets to apply
    the concepts of sampling distributions and
    confidence intervals to make management
    decisions.
  • Assignment Steps
  • Resources Microsoft Excel, The Payment Time
    Case Study, The Payment Time Case Data Set
  • Review the Payment Time Case Study and Data Set.

21
QNT 561 Week 4 Discussion Descriptive Statistics
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  • Create a Microsoft Excel spreadsheet with the
    two variables from a dataset for your choosing.
  • Analyze the data with MegaStat, StatCrunch,
    Microsoft Excelor other statistical tool(s),
    including
  • (a) Descriptive stats for each numeric variable
  • and
  • (b) Histogram for each numeric variable
  • and either (c) or (d)
  • (c) Bar chart for each attribute (non numeric)
    variable

22
QNT 561 Week 4 Lab Work (New)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 10
  • Ex 2) A Sample of 36 observations is selected
    from a normal population. The sample mean is 12,
    and the population standard deviation is 3.
    Conduct the following test of hypothesis using
    the 0.01 significance level.
  • EX. 10) Given the following hypotheses
  • H0 µ 400
  • H1 µ ? 400
  • A random sample of 12 observations is selected
    from a normal population. The sample mean was 407
    and the sample S.D 6. Using the 0.1 significance
    level
  • State the decision rule.
  • Compute the value of the test statistic
  • What is your decision regarding the null
    hypothesis?

23
QNT 561 Week 4 Team Assignment Business Research
Project Part 3 Survey and Data Collection Plan (2
Sets)
  • For more course tutorials visit
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  • This Tutorial contains 2 different sets
  • Create a draft of the survey.
  • Conduct a pilot pretest having another Learning
    Team in the class to provide feedback for your
    team. Chet will create a message thread for each
    team to place their survey in the Class
    Discussion Tab.
  • Revise the survey based on the feedback provided
    by your classmates.

24
QNT 561 Week 5 Individual Mystatslab Problem Set
  • For more course tutorials visit
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  • 1. Consider the pairs of measurements shown
    to the right.
  • 2. Researchers investigated the effect of
    tablet surface area to volume on the rate at
    which a drug is released in a controlled-release
    dosage. For six similarly shaped tablets with
    different weights and thicknesses, the
    diffusional drug release rate (percentage of drug
    released divided by the square root of time) was
    determined. The experimental data are listed in
    the table. Complete parts a through d.
  • 3. Many entrepreneurs have donated money to
    various causes. Data on the total amount pledged
    and remaining net worth for the 10 top donors are
    given in the table. Complete parts a through d.
  • 4. Explain what each of the following sample
    correlation coefficients tells you about the
    relationship between the x and y values in the
    sample.

25
QNT 561 Week 5 Lab Work (New)
  • For more course tutorials visit
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  • www.newtonhelp.com
  • Chapter 13
  • Ex 6) The owner of Maumee Ford-Mercury-Volvo
    wants to study the relationship between the age
    of a car and its selling price. Listed below is a
    random sample of 12 used cars sold at the
    dealership during the last year.
  • a. If we wants to estimate selling price on
    the basis of the age of car, which variable is
    thr dependent varialble and which is the
    independent variable?
  • b. 1. Determine the correlation
    coefficient
  • 2. Determine the coefficient of determination.
  • c. Interpret the correlation coefficient. Does
    it surprise you that the correlation coefficient
    is negative?

26
QNT 561 Week 5 Spicy Wings Case Study
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  • Week 5
  • Individual Paper
  • Spicy Wings Case
  • Purpose of Assignment
  • The purpose of this assignment is to develop
    students' abilities to combine the knowledge of
    descriptive statistics covered in Weeks 1 and 2
    and one-sample hypothesis testing to make
    managerial decisions. In this assignment,
    students will develop the ability to use
    statistical analysis and verify whether or not a
    claim is valid before advertising it.
  • Assignment Steps

27
QNT 561 Week 5 Team Assignment Business Research
Project Part 4 Data Analysis (2 Sets)
  • For more course tutorials visit
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  • This Tutorial contains 2 different sets
  • Administer the survey.
  • In a paper in the APA format describe the
    following
  • Determine the sample process including sample
    contact, survey distribution, and survey
    collection.
  • Organize, prepare, and describe the data.
  • Include tables and figures as necessary to
    visually present the data.

28
QNT 561 Week 5 Team One-Sample Hypothesis
Testing (Election Results, SpeedX)
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  • Week 5
  • Learning team Paper
  • Part A One-Sample Hypothesis Testing Cases
  • Purpose of Assignment
  • The purpose of this assignment is to develop
    students' abilities to combine the knowledge of
    descriptive statistics covered in Weeks 1 and 2
    and one-sample hypothesis testing to make
    managerial decisions. In this assignment,
    students will learn how statistical analysis is
    used in predicting an election winner in the
    first case. In the second case, students will
    conduct a hypothesis test to decide whether or
    not a shipping plan will be profitable.
  • Assignment Steps
  • Resources Microsoft Excel, Case Study
    Scenarios, SpeedX Payment Times

29
QNT 561 Week 6 Lab Work (New)
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  • Chapter 18
  • EX.2) Listed Below is the number of movie tickets
    sold at the Library Cinema-Complex, in thousands,
    for the period from 2001 to 2013. Compute a
    five-year weighted moving average using weights
    of 0.15, 0.15, 0.25, 0.16, and 0.29,
    respectively. Describe the trend in yield

30
QNT 561 Week 6 Signature Assignment (Consumer
Food)
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  • Individual Paper Signature Assignment
  • About Your Signature Assignment
  • This signature assignment is designed to align
    with specific program student learning outcome(s)
    in your program. Program Student Learning
    Outcomes are broad

31
QNT 561 Week 6 Signature Assignment (Hospital)
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  • Individual Paper Signature Assignment
  • About Your Signature Assignment
  • This signature assignment is designed to align
    with specific program student learning outcome(s)
    in your program. Program Student Learning
    Outcomes are broad
  • statements that describe what students should
    know and be able to do upon completion of their
    degree. The signature assignments might be graded
    with an automated

32
QNT 561 Week 6 Team Assignment Business Research
Project Part 5 Research Report and Presentation
(2 Sets)
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  • This Tutorial contains 2 Sets of Report and
    Presentation
  • Complete the cumulative Business Research Report
    in approx. 1,500 words by collaborating with your
    team to include the following
  • Revised tables or figures based on prior
    instructor feedback
  • The description or interpretation for the tables
    or figures
  • Summary of Learning Team results
  • Answers to the research questions
  • Research challenges
  • Steps to minimize challenges in future research

33
QNT 561 Experience Tradition/newtonhelp.com
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