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QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Entire Course FOR MORE CLASSES VISIT www.qnt275study.com This Tutorial doesn’t contain Practice Set (email us for customized help) QNT 275 Final Exam Guide QNT 275 Week 2 Quiz
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Final Exam Guide FOR MORE CLASSES VISIT www.qnt275study.com QNT 275 Final Exam Guide 1. The salaries of teachers in a particular school district are normally distributed with a mean of $50,000 and a standard deviation of $2,500. Due to budget limitations, it has been decided that the teachers who are in the top 2.5% of the salaries would not get a raise. What is the salary level that divides the teachers into one group that gets a raise and one that doesn’t?
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 1 DQ 1 FOR MORE CLASSES VISIT www.qnt275study.com What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 1 DQ 2 FOR MORE CLASSES VISIT www.qnt275study.com Select four variables, other than what your fellow students have already selected, that could be measured by nominal, ordinal, interval, and ratio scale. Classify them by measurement scale and select descriptive statistics that can be used to summarize data. Use the following table when posting your response:
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 1 DQ 3 FOR MORE CLASSES VISIT www.qnt275study.com How do we define measurement? What are various levels of measurement? How do you select measurement levels when developing a survey or data collection tool? Explain with examples.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 1 Individual Assignment Statistics in Business (2 Papers) FOR MORE CLASSES VISIT www.qnt275study.com This Tutorial contains 2 Papers Develop a 875-word response that addresses each of the following prompts: § Define statistics with citation and reference.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 Assignment Mini-Project 3-2 FOR MORE CLASSES VISIT www.qnt275study.com You are employed as a statistician for a company that makes household products, which are sold by part-time salespersons who work during their spare time. The company has four salespersons employed in a small town. Let us denote these salespersons by A, B, C, and D.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 DQ 1 FOR MORE CLASSES VISIT www.qnt275study.com 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.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 DQ 2 FOR MORE CLASSES VISIT www.qnt275study.com What are the various methods one can use to identify the shape of data distribution collected for research study? Why it is important to know the shape of distribution? How it can be used in decision making? Provide examples other than those already posted in class.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 DQ 3 FOR MORE CLASSES VISIT www.qnt275study.com Select an article from a news magazine or research journal where data is displayed in a pie or bar chart. Describe the data displayed in the chart and what conclusion you could draw.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 Individual Assignment Activity Data Set (Little Town Cafe) FOR MORE CLASSES VISIT www.qnt275study.com Review the following business scenario: You are the manager in a small town in the lake district of a Midwestern state enjoys a robust tourist season during the summer months, but has only a small population of residents during the off season. The Littletown Café adjusts the levels of staff according to the time of year, to coincide with the number of guests, with the tourist season typically starting around Memorial Day each year. One wait staff employee can serve 50 guests.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 Individual Assignment Business Problem FOR MORE CLASSES VISIT www.qnt275study.com I2 (Week 2) Individual Assignment: Business Problem: Prepare a paper examining a business problem confronting your organization or an organization you know of that you feel could be addressed through the
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 2 Quiz FOR MORE CLASSES VISIT www.qnt275study.com QNT 275 Week 2 Quiz 1. In order to summarize qualitative data, a useful tool is a __________. 2. A stem-and-leaf diagram is constructed by separating each value of a data set into two parts. What are these parts?
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 CLO Business Decision Making Project Part 1 FOR MORE CLASSES VISIT www.qnt275study.com CLO Business Decision-Making Project Part 1 Identify a business problem or opportunity at a company where you work or with which you're familiar. This will be a business problem that you use for the individual assignments in Weeks 3-5. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 DQ 1 FOR MORE CLASSES VISIT www.qnt275study.com An oil change shop advertised to change oil within 15 minutes. Based on the data collected on a typical day, what is the probability that oil change will take 15 minutes or less time? Based on the data, do you think the business claim is valid? Explain why or why not.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 DQ 2 FOR MORE CLASSES VISIT www.qnt275study.com What are some conditions under which business decisions are made using subjective probability concepts? Provide at least two examples of subjective probability.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 DQ 3 FOR MORE CLASSES VISIT www.qnt275study.com What are the characteristics of standard normal distribution? The HR department of an organization collects data on employees' age, salary, level of education, gender, and ethnicity. Which data do you think is more likely to follow normal distribution? Explain why.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 Individual Assignment Descriptive Statistics (Score 85%) FOR MORE CLASSES VISIT www.qnt275study.com Individual Assignment: Descriptive Statistics: Identify a research problem different from the previous research problems that uses two different sets of the same type of data. Example: Sales from two different months or years. GPA's of men and women. Number of two different shelf items sold (Coke & Pepsi) by month over a year. Home sales prices in different suburbs, cities,
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 Probability Case Study 5.2 FOR MORE CLASSES VISIT www.qnt275study.com Week 3 Learning Team Collaboration Discussion: Probability Resource: Case Study 5.2 in Chapter 5 of Essentials of Business Statistics Calculate the requested probabilities for items 1-3.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 3 Quiz FOR MORE CLASSES VISIT www.qnt275study.com QNT 275 Week 3 Quiz Question 1: • You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 CLO Business Decision Making Project Part 2 FOR MORE CLASSES VISIT www.qnt275study.com CLO Business Decision Making Project, Part 2 Use the same business problem/opportunity and research variable you wrote about in Week 3. Remember: do not actually collect any data; think hypothetically.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 DQ 1 FOR MORE CLASSES VISIT www.qnt275study.com What is the difference between an independent and a dependent variable? Does a regression model imply causation? Explain why or why not
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 DQ 2 FOR MORE CLASSES VISIT www.qnt275study.com Does correlation equal causation? Does the strength of correlation depend on the direction? What is the meaning of a zero correlation? Explain your answers.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 DQ 3 FOR MORE CLASSES VISIT www.qnt275study.com What are the requirements that must be met for a regression analysis? What happens if these requirements are violated? Why is analysis of residuals important?
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 Individual Assignment t-test I4 FOR MORE CLASSES VISIT www.qnt275study.com Individual Assignment: t-test I4: Identify a research problem different from the previous research problems that uses two different sets of the same type of data. Any subject may be chosen. Some examples: Sales from two different months or years. GPA's of men and women. Number of two different shelf items sold (Coke & Pepsi) by month over a year. Home sales prices in different suburbs, cities, counties or states. You wish to determine if
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 Linear Regression Case 12.1 FOR MORE CLASSES VISIT www.qnt275study.com Resource: Case Study 12.1 in Chapter 12 of Essentials of Business Statistics. Click the Sushi Restaurant Data Set link. Calculate the linear regression in item 1 of the case study. Discuss the following with your team:
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 Presentation (13 and 14) FOR MORE CLASSES VISIT www.qnt275study.com Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described 13 and 14
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 4 Quiz FOR MORE CLASSES VISIT www.qnt275study.com QNT 275 Week 4 Quiz Question 1: • Serial correlation is typically observed in: Question 2: • Another name for an explanatory variable is the ___.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 Assignment Business Problem or Opportunity Presentation FOR MORE CLASSES VISIT www.qnt275study.com Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3 and 5.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 CLO Business Decision Making Project Part 3 FOR MORE CLASSES VISIT www.qnt275study.com CLO Business Decision Making Project, Part 3 Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3-4.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 DQ 1 FOR MORE CLASSES VISIT www.qnt275study.com How would you select appropriate statistical tests for analysis research data? What aspects of research questions or data types are relevant considerations in choosing your tests? Why?
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 DQ 2 FOR MORE CLASSES VISIT www.qnt275study.com How do you know you have validated a research study based on data gathered from primary or secondary sources? Have you been involved with any product test-marketing project? Explain. How did the resulting statistics affect the product's marketing strategy? How can organizations skew the statistical outcomes of their business research?
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 DQ 3 FOR MORE CLASSES VISIT www.qnt275study.com In what way has the learning from this course helped you to effectively test hypotheses, draw conclusions, and provide recommendations to management? Consider what you have achieved in your research study conducted for this course.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 Individual Assignment Final z-test (Set 2) FOR MORE CLASSES VISIT www.qnt275study.com Individual Assignment Final: z-test: Identify a research problem different from the previous research problems that uses two different sets of the same type of data. Example: Sales from two different months or years. GPA's of men and women. Number of two different shelf items sold (Coke & Pepsi) by month over a year. Home sales prices in different suburbs, cities counties or states. You wish to determine if there is a significant difference between the means of the data sets. Select data that have absolute zero measurements (Ratio data). You may use recorded data or made up data. The n sample size should be at least 30 in each set, but not more than 50.
QNT 275 STUDY Keep Learning - qnt275study.com QNT 275 Week 5 Individual Assignment Final z-test FOR MORE CLASSES VISIT www.qnt275study.com Individual Assignment Final: z-test: Identify a research problem different from the previous research problems that uses two different sets of the same type of data. Example: Sales from two different months or years. GPA's