QNT 351 PAPER Expert Study / qnt351paper.com

1
QNT 351 PAPER Expert Study / qnt351paper.com
2
QNT 351 PAPER Expert Study
QNT 351 Final Exam Guide (New) FOR MORE CLASSES
VISIT www.qnt351paper.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? 2 An 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? ________________________
_.
3
QNT 351 PAPER Expert Study
QNT 351 Final Exam Guide FOR MORE CLASSES
VISIT www.qnt351paper.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
QNT 351 PAPER Expert Study
QNT 351 Week 1 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.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
5
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 1 DQ1 Where would
you see descriptive statistics used in your work
place?  
6
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 1 DQ2 How would
you define dependent and independent variables?
What is their significance in research? Explain
with examples.
7
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.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
8
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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. 
9
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 5 FOR MORE CLASSES
VISIT www.qnt351paper.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.
10
QNT 351 PAPER Expert Study
QNT 351 Week 1 DQ 6 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 1 DQ6 What are
the four data measurement scales? Provide two
examples and explain the importance of each in
business research.
11
QNT 351 PAPER Expert Study
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.com This tutorial contains
2 different Sets of papers  Define statistics. Ide
ntify 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.
12
QNT 351 PAPER Expert Study
QNT 351 Week 1 Introduction to Statistical
Thinking Worksheet FOR MORE CLASSES
VISIT www.qnt351paper.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
13
QNT 351 PAPER Expert Study
QNT 351 Week 2 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.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.
14
QNT 351 PAPER Expert Study
QNT 351 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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?
15
QNT 351 PAPER Expert Study
QNT 351 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.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. 
16
QNT 351 PAPER Expert Study
QNT 351 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.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 PAPER Expert Study
QNT 351 Week 2 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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?
18
QNT 351 PAPER Expert Study
QNT 351 Week 2 DQ 5 FOR MORE CLASSES
VISIT www.qnt351paper.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?  
19
QNT 351 PAPER Expert Study
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.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.
20
QNT 351 PAPER Expert Study
QNT 351 Week 2 Probability Worksheet FOR MORE
CLASSES VISIT www.qnt351paper.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. 1. Prepare a spreadsheet with three
columns Date, High Temperature, and Low
Temperature. List the past 60 days for which data
is available.
21
QNT 351 PAPER Expert Study
QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) FOR MORE
CLASSES VISIT www.qnt351paper.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.
22
QNT 351 PAPER Expert Study
QNT 351 Week 3 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.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.)
23
QNT 351 PAPER Expert Study
QNT 351 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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.
24
QNT 351 PAPER Expert Study
QNT 351 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 3 DQ2 What is the
role of probability concepts in business
decision-making? Provide specific examples.
25
QNT 351 PAPER Expert Study
QNT 351 Week 3 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 3 DQ3 What are
the basic differences between a discrete and a
continuous distribution?  
26
QNT 351 PAPER Expert Study
QNT 351 Week 3 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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.
27
QNT 351 PAPER Expert Study
QNT 351 Week 3 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com R
esources 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.
28
QNT 351 PAPER Expert Study
QNT 351 Week 3 Team Assignment Sampling
Distributions Real Estate Part 2 (New) FOR MORE
CLASSES VISIT www.qnt351paper.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.
29
QNT 351 PAPER Expert Study
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) FOR MORE CLASSES
VISIT www.qnt351paper.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.
30
QNT 351 PAPER Expert Study
QNT 351 Week 4 Connect Problems FOR MORE CLASSES
VISIT www.qnt351paper.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.
31
QNT 351 PAPER Expert Study
QNT 351 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.qnt351paper.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?
32
QNT 351 PAPER Expert Study
QNT 351 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.qnt351paper.com Week 4 DQ2 Why does
the significance level differ among industries?
Will the null hypothesis be more likely to be
rejected at ? 0.01 than ? 0.10? As the
significance level increases to ? 0.10 from ?
0.01, which type error is more likely to occur?
What can be done to reduce the likelihood of
incurring this error?
33
QNT 351 PAPER Expert Study
QNT 351 Week 4 DQ 3 FOR MORE CLASSES
VISIT www.qnt351paper.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?
34
QNT 351 PAPER Expert Study
QNT 351 Week 4 DQ 4 FOR MORE CLASSES
VISIT www.qnt351paper.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?
35
QNT 351 PAPER Expert Study
QNT 351 Week 4 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com R
esources 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.
36
QNT 351 PAPER Expert Study
QNT 351 Week 4 Learning Team Reflection (2
Sets) FOR MORE CLASSES VISIT www.qnt351paper.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.
37
QNT 351 PAPER Expert Study
QNT 351 Week 4 Two Population Means Worksheet FOR
MORE CLASSES VISIT www.qnt351paper.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.
38
QNT 351 PAPER Expert Study
QNT 351 Week 5 Individual Assignment Real Estate
Data FOR MORE CLASSES VISIT www.qnt351paper.com R
esources 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.
39
QNT 351 PAPER Expert Study
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation FOR
MORE CLASSES VISIT www.qnt351paper.com   If using
RES/351 data   Ask your instructor for specific
information regarding the analysis you are
required to perform for your data set.
40
QNT 351 PAPER Expert Study
QNT 351 Week 5 Team Assignment Real Estate
Regression Exercise (New) FOR MORE CLASSES
VISIT www.qnt351paper.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.
41
QNT 351 PAPER Expert Study