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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.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? 2An 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? – PowerPoint PPT presentation

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Title: QNT 351 Course Seek Your Dream/newtonhelp.com


1
QNT 351 Course Seek Your Dream /newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
2
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Final Exam Guide (New) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com https//youtu.be/OGEtbJCP41k
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?
3
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Final Exam Guide (New, 2017) Score
30/30 For more course tutorials visit Uophelp is
now newtonhelp.com www.newtonhelp.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
4
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Final Exam Guide For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.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
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 Connect Problems For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.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?
6
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 1 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 1 DQ1 Where would you see descriptive
statistics used in your work place?
7
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 2 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 1 DQ2 How would you define dependent
and independent variables? What is their
significance in research? Explain with
examples. Related Tutorials
8
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 3 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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
9
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 4 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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.
10
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 5 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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.
11
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 DQ 6 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 1 DQ6 What are the four data
measurement scales? Provide two examples and
explain the importance of each in business
research.
12
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com This tutorial contains 2 different Sets of
papers Define statistics. 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.
13
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 1 Introduction to Statistical
Thinking Worksheet For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Complete the Introduction to Statistical
Thinking Worksheet. Format your assignment
consistent with APA guidelines. Click the
Assignment Files tab to submit your
assignment. There are 23 people at a party.
Explain what the probability is that any two of
them share the same birthday.
14
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 Connect Problems For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.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.
15
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 DQ 1 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
16
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 DQ 2 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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.
17
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 DQ 3 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 2 DQ3 What level of data is a
telephone number? Explain.
18
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 DQ 4 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
19
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 DQ 5 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
20
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 Excel Problem Graphical
Technique For more course tutorials visit Uophelp
is now newtonhelp.com www.newtonhelp.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
21
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com 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
22
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 Probability Worksheet For more
course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
23
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) For more
course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
24
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 Connect Problems For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.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.)
25
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 DQ 1 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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.
26
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 DQ 2 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 3 DQ2 What is the role of probability
concepts in business decision-making? Provide
specific examples.
27
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 DQ 3 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.com Week 3 DQ3 What are the basic differences
between a discrete and a continuous distribution?
28
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 DQ 4 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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.
29
QNT 351 Course Seek Your Dream /newtonhelp.com
Qnt 351 Week 3 Excel Problems Measuring
Salespeople Performance For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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
30
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 Individual Assignment Real Estate
Data For more course tutorials visit Uophelp is
now newtonhelp.com www.newtonhelp.com
Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 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.
31
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 Team Assignment Sampling
Distributions Real Estate Part 2 (New) For more
course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
32
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com 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.
33
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 Connect Problems For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com QNT 351 Week 4 Connect Problem
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
34
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 DQ 1 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
35
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 DQ 2 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
36
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 DQ 3 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
37
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 DQ 4 For more course tutorials
visit Uophelp is now newtonhelp.com www.newtonhelp
.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?
38
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 Excel Problems Measures of
Relative Standing and ProbabilityDistribution For
more course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
39
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 Individual Assignment Real Estate
Data For more course tutorials visit Uophelp is
now newtonhelp.com www.newtonhelp.com
Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 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.
40
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 Learning Team Reflection (2
Sets) For more course tutorials visit Uophelp is
now newtonhelp.com www.newtonhelp.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
41
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 4 Two Population Means Worksheet For
more course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
42
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 5 Individual Assignment Real Estate
Data For more course tutorials visit Uophelp is
now newtonhelp.com www.newtonhelp.com
Resources Appendix A1 at the end of Basic
Statistics for Business and Economics Answer
question 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.
43
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation For
more course tutorials visit Uophelp is now
newtonhelp.com www.newtonhelp.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.
44
QNT 351 Course Seek Your Dream /newtonhelp.com
QNT 351 Week 5 Team Assignment Real Estate
Regression Exercise (New) For more course
tutorials visit Uophelp is now newtonhelp.com www.
newtonhelp.com Complete the Real Estate
Regression Exercise. Format your paper consistent
with APA guidelines. Click the Assignment Files
tab to submit your assignment.
45
QNT 351 Course Seek Your Dream /newtonhelp.com
The Best way to predict the Future is to create
it.....To Best way....
www.newtonhelp.com
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