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QNT 561 GENIUScourse provides students with the opportunity to integrate and apply their learning from the course.
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QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Final Exam Guide (New) FOR MORE CLASSES VISIT www.qnt561genius.com 1. The mean gas mileage for a hybrid car is 56 miles per gallon. Suppose that the gasoline mileage is approximately normally distributed with a standard deviation of 3.2 miles per gallon. 2. What conditions must n satisfy to make the x2 test valid? 3. To use the t-statistic to test for a difference between the means of two populations, what assumptions must be made about the two populations? About the two samples?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Final Exam Guide (New, 2017) FOR MORE CLASSES VISIT www.qnt561genius.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 n=10 and p=0.8, the mean value of x is______
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Final Guide (Latest) FOR MORE CLASSES VISIT www.qnt561genius.com 1. A random sample of size 15 is selected from a normal population. The population standard deviation is unknown. Assume the null hypothesis indicates a two-tailed test and the researcher decided to use the 0.10 significance level. For what values of t will the null hypothesis not be rejected? 2. Which of the following is a characteristic of the F distribution?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 Assignment Statistics Concepts and Descriptive Measures Instructions (Consumer Food) FOR MORE CLASSESVISIT www.qnt561genius.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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 Assignment Statistics Concepts and Descriptive Measures Instructions (Financial Data) FOR MORE CLASSESVISIT www.qnt561genius.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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 DQ 1 FOR MORE CLASSES VISIT www.qnt561genius.com How may variance and standard deviation be applied to a real-world business-related problem? Provide a specific application in which these measures are useful.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 DQ 2 FOR MORE CLASSES VISIT www.qnt561genius.com When would you use Chebyshev’s theorem and the empirical rule in business? How are they calculated? Provide one real-life example that requires Chebyshev’s theorem and one that requires the empirical rule.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 Individual My Statslab Problem Set FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 1 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.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.)
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 Case Study MBA Schools in Asia Pacific FOR MORE CLASSESVISIT www.qnt561genius.com 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?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 DQ 1 FOR MORE CLASSES VISIT www.qnt561genius.com What are some examples of operational definitions in research design within your profession? For example, in the education field, graduation rate and retention rate are important operational definitions to measure progress of students. Likewise other professions have common metrics and definitions. Identify some metrics and operational definitions from your own career or a profession that you know well. Tell us why you think it is important!
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 DQ 2 FOR MORE CLASSES VISIT www.qnt561genius.com What is the purpose of sampling? What are some concerns and dangers of sampling? How important is the sample design to data validity? Explain. Provide an example where a sample might misrepresent data validity. For example, reflect on the current political campaign and the pollsters!
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 Individual My Statslab Problem Set FOR MORE CLASSES VISIT www.qnt561genius.com 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).
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.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?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 Team Assignment Business Research Project Part 1 Business Problem and Research Questions FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 2 Team Assignment Business Research Project Part 1 Formulation of the Research Problem FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 Assignment Expansion Strategy and Establishing a Re-Order Point FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 Case Study SuperFun Toys FOR MORE CLASSES VISIT www.qnt561genius.com 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:
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 DQ 1 FOR MORE CLASSES VISIT www.qnt561genius.com In your organization’s management development program, there was a heated discussion between people who claimed that theory is impractical and not effective, and others who claimed that effective theory is the most practical approach to problems. What position would you take and why?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 DQ 2 FOR MORE CLASSES VISIT www.qnt561genius.com You observe female sales representatives having lower customer defections than male sales representatives. What concepts and constructs would you use to study this phenomenon? How might the concepts or constructs relate to explanatory hypotheses? Explain.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 Individual Mystatslab Problem Set FOR MORE CLASSES VISIT www.qnt561genius.com 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 economist’s claim.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 3 Team Assignment Business Research Project Part 2 Research Plan (2 Papers) FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 Case the Payment Time FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 Discussion Descriptive Statistics FOR MORE CLASSES VISIT www.qnt561genius.com Create a Microsoft® Excel® spreadsheet with the two variables from a dataset for your choosing. Analyze the data with MegaStat®, StatCrunch®, Microsoft® Excel®or other statistical tool(s), including: (a) Descriptive stats for each numeric variable and (b) Histogram for each numeric variable
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 DQ 1 FOR MORE CLASSES VISIT www.qnt561genius.com does technological advancement affect the ability to collect data? Provide examples. Does this advancement increase the chance for errors? Explain.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 DQ 2 FOR MORE CLASSES VISIT www.qnt561genius.com What is the importance of pretesting questions and instruments? What are risks of not doing this? Provide an example.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 Individual Mystatslab Problem Set FOR MORE CLASSES VISIT www.qnt561genius.com 1. Researchers conducted a survey of a representative sample of over 1,000 drivers. Based on how often each driver engaged in road behaviour, a road rage score was given. The drivers were also grouped by annual income. The data were subjected to an analysis of variance, with the results summarized in the table.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.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: a. State the decision rule.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 4 Team Assignment Business Research Project Part 3 Survey and Data Collection Plan (2 Sets) FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 DQ 1 FOR MORE CLASSES VISIT www.qnt561genius.com What is the value of performing hypotheses tests to solve problems related to business and operations management? Provide specific examples.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 DQ 2 FOR MORE CLASSES VISIT www.qnt561genius.com What are differences between dependent and independent samples? Provide examples. What are implications for determining the tests used to analyze data?
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 Individual Mystatslab Problem Set FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 Spicy Wings Case Study FOR MORE CLASSES VISIT www.qnt561genius.com 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 Resources: Microsoft Excel®, Spicy Wings Case Study, Spicy Wings Data Set Develop a 700-word statistical analysis. Use descriptive statistics to compute a measure of performance John can use to analyze his delivery performance. Find the following for your measures:
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 Team Assignment Business Research Project Part 4 Data Analysis (2 Sets) FOR MORE CLASSES VISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 5 Team One-Sample Hypothesis Testing (Election Results, SpeedX FOR MORE CLASSESVISIT www.qnt561genius.com 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.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 6 DQs FOR MORE CLASSES VISIT www.qnt561genius.com After reading chapter 12, explain how ANOVA could help to explain the association between two variables. Give an example. After reading chapter 13, how ANOVA could help to understand the expansion of the hypothesis testing of two variables? After reading chapter 18, select a TQM chart and explain how we use the chart selected.
QNT 561 GENIUS Redefine the Possible / qnt561genius.com QNT 561 Week 6 Lab Work (New) FOR MORE CLASSES VISIT www.qnt561genius.com 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. EX 10) Appliance Center sells a variety of electronic equipment and home appliance. For the last 4 years, 2010 through 2013, the following quarterly sales (in $ millions) were reported. Determine the typical seasonal index for each of four quarters.
