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BUS 308 Week 1 Assignment Problems 1.2, 1.17, 3.3 & 3.22
BUS 308 Week 1 DQ 1 Performance Report
BUS 308 Week 1 DQ 2 The Empirical Rule vs. Chebyshev Theorem
BUS 308 Week 1 Quiz (10 MCQ)
BUS 308 Week 2 Assignments Problems 4.4, 4.20, 5.12, 6.22(a)
BUS 308 Week 2 DQ 1 Relative Frequency
BUS 308 Week 2 DQ 2 Applications for Probability
BUS 308 Week 2 Quiz (10 MCQ)
BUS 308 Week 3 Assignments Problems 7.11, 7.30, 8.8, 8.38
Things vary in life virtually nothing (except physical standards such as the speed of
light) we interact with is constant over time. Much of this variation follows
somewhat predictable patterns that can be examined using probability. An example
of a subjective probability is: Cops usually do not patrol this road, so I can get
away with speeding. An empirical probability example is: Each production run
has a 5% reject rate. A classical (or theoretical) probability example is: This die
has six sides, so I should see the number 2 come up 1/6th of the time. What are
some examples of probability outcomes in your work or life? How would looking
at them in terms of probabilities help us understand what is going on? How does
the normal curve relate to activities/things you are associated with?
1. For assistance with these calculations, see the Recommended Resources for Week
One. Measurement issues. Data, even numerically code variables, can be one of 4
levels nominal, ordinal, interval, or ratio. It is important to identify which level a
variable is, as this impacts the kind of analysis we can do with the data. For
example, descriptive statistics such as means can only be done on interval or ratio
level data. Please list, under each label, the variables in our data set that belong in
each group..
1.
Question :
Data on the city from which members of a board of directors
come represent interval data.
2.
Question :
Inferential statistics infer the characteristics of samples.
3.
Question :
The mode is which of the following?
4.
Question :
The standard error of the mean can be calculated by dividing
by the square root of the number of values in the distribution.
Variation exists in virtually all parts of our lives. We often see variation in results in
what we spend (utility costs each month, food costs, business supplies, etc.).
Consider the measures and data you use (in either your personal or job activities).
When are differences (between one time period and another, between different
production lines, etc.) between average or actual results important? How can you or
your department decide whether or not the observed differences over time are
important? How could using a mean difference test help?
Problem Set Week Two Complete the problems below and submit your work in an
Excel document. Be sure to show all of your work and clearly label all calculations.
All statistical calculations will use the Included in the Week Two tab of
theEmployee Salary Data Set are 2 one-sample t-tests comparing male and female
average salaries to the overall sample mean. 1. Below are 2 one-sample t-test
comparing male and female average salaries to the overall sample mean. Based on
our sample, how do you interpret the results and what do these results suggest
about the population means for male and female salaries?
Question : What is the relationship between the power of a statistical test and decision
errors? Question 2. Question : The desired sample depends on all of these factors
except? Question 3. Question : What question does the z test answer? Question 4.
Question : The desired sample size depends only the size of the population to be
tested. Question 5. Question : Each different t-distribution is defined by which of
the following? Question 6. Question : What is the alternate hypothesis in a problem
where sales group two is predicted to be . . . significantly less productive than
sales group one?
1.
Question :
How is the sum of squares unlike either the standard deviation
or the variance?
2.
Question :
If sums of squares statistics are calculated for shoppers at three
different retail outlets, what statistic will indicate the variability among those at
each outlet?
3.
Question :
Which is the symbol used for the test statistic in ANOVA?
4.
Question :
If ANOVA reveals that four different departments have
significantly different levels of productivity, what will a post-hoc test indicate?
5.
Question :
The independent t-test is based on which distribution?
Several statistical tests have a way to measure effect size. What is this, and when
might you want to use it in looking at results from these tests on job related data?
ASSIGNMENT WEEK 3 Complete the problems below and submit your work in an
Excel document. Be sure to show all of your work and clearly label all calculations.
All statistical calculations will use the (Note: Questions 1- 4 have additional
elements to respond to below the analysis results.) 1. Last week, we found that the
average performance ratings do not differ between males and females in the
population. Now we need to see if they differ among the grades. Is the average
performance rating the same for all grades? (Assume variances are equal across the
grades for this ANOVA.)
Discussion 4-1/Confidence Intervals Many people do not like or trust single point
estimates for things they need measured. Looking back at the data examples you
have provided in the previous discussion questions on this issue, how might adding
confidence intervals help managers accept the results better? Why? Ask a manger
in your organization if they would prefer a single point estimate or a range for
important measures, and why? Please share what they say.
ASSIGNMENT WEEK 4 Lets look at some other factors that might influence pay.
Complete the problems below and submit your work in an Excel document. Be sure
to show all of your work and clearly label all calculations. All statistical
calculations will use the 1. Using our sample data, construct a 95% confidence
interval for the population's mean salary for each gender. Interpret the results. How
do they compare with the findings in the week 2 one sample t-test outcomes
(Question 1)?
1. Question : The goodness of fit test null hypothesis states that the sample data does
not match an expected distribution. Question 2. Question : Statistical significance
in the Chi-square test means the population distribution (expected) is not the source
of the sample (observed) data. Question 3. Question : While rejecting the null
hypothesis for the goodness of fit test means distributions differ, rejecting the null
for the test of independence means the variables
interact.
1.
Question :
With reference to problem 1, what statistic determines the
correlation of experience with productivity, controlling for age in experience?
2.
Question :
In a problem where interest rates and growth of the economy are
used to predict consumer spending, which of the following will increase prediction
error?
3.
Question :
With reference to problem 3, how is the regression constant or
the a value interpreted?
This tutorial contains 2 Different Papers The final paper provides you with an
opportunity to integrate and reflect on what you have learned during the class. The
question to address is: What have you learned about statistics? In developing
your responses, consider at a minimum and discuss the application of each of
the course elements in analyzing and making decisions about data (counts and/or
measurements). The course elements include: Descriptive statistics Inferential
statistics Hypothesis development and testing Selection of appropriate statistical
tests
ASSIGNMENT WEEK 5 1. Create a correlation table for the variables in our (Use
analysis ToolPak or StatPlus:mac LE function Correlation). a. Reviewing the data
levels from week 1, what variables can be used in a Pearsons Correlation Table
(which is what Excel produces)? b. Place the table here. c. Using r=
approximately .28 as the significant r value (at p = .05) for a correlation between 50
values, what variables are significantly related to salary? To compa? d. Looking at
the above correlations both significant or not are there any surprises by that I
mean any relationships you expected to be meaningful and are not, and vice-versa?
e. Does this information help us answer our equal pay for equal work question?