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QNT 351 Final Exam Guide
1) The main purpose of descriptive statistics is to 2) The general process of gathering, organizing, summa rizing, analyzing, and interpreting data is called 3) The performance of personal and business investme nts 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 rep orted in your city?
QNT 351 Week 1 DQ 1
Week 1 DQ1 Where would you see descriptive statistics used in your work place?
QNT 351 Week 1 DQ 2
Week 1 DQ2 How would you define dependent and independent vari ables? What is their significance in research? Explain wit h examples.
QNT 351 Week 1 DQ 3
Developfive demographic questions to measure gender , age, years of experience, level of education, and ethnic ity. Identify the level of measurement used for each
QNT 351 Week 1 DQ 4
How would you define a variable? What is the difference between a dependent and independent variable? Do yo u think both variables are used in every research? Explai n why or why not. Provide examples.
QNT 351 Week 1 DQ 5
What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.
QNT 351 Week 1 DQ 6
What are the four data measurement scales? Provide tw o examples and explain the importance of each in busin ess research.
QNT 351 Week 1 Individual A
ssignment Statistics in Busin ess
This tutorial contains 2 different Sets of papers
Define statistics. Identify different types of statistics. Describe the role of statistics in business decision maki ng. Write a 300-word summary providing at least three exa mples or problem situations in which statistics was use d or could be used.
QNT 351 Week 2 DQ 1
Can mean, median, or mode be calculated from all stati stical data? Explain why or why not. When is the mean t he best measure of central tendency? When is the medi an the best measure of central tendency?
QNT 351 Week 2 DQ 2
Describe a business situation, other than what has alrea dy been selected by fellow students or selected from th e team assignment, where mean and standard deviatio n can be used in decision making. Describe how calculat ion of mean and standard deviation can help in making a decision.
QNT 351 Week 2 DQ 3
What level of data is a telephone number? Explain.
QNT 351 Week 2 DQ 4
Does all data have a mean, median, or mode? Why or w hy not? When is the mean the best measure of central t endency? When is the median the best measure of cent ral tendency?
QNT 351 Week 2 DQ 5
Why is the population shape a concern when estimating a mean? What effect does sample size, n, have on the es timate of the mean?
QNT 351 Week 2 Individual A
ssignment My StatsLab Week 2 Problems 1.Choose the correct answer bellow: A. It is an estimate or prediction or some other generali zation about a population based on information contain ed in a sample B. It is a characteristic or property of an individual expe rimental unit C. It is the process used to assign numbers to variables of individual population units D. It is the science that deals with collection, classificati on, and interpretation of information or data
QNT 351 Week 2 Learning Te
am Assignment Data Collecti on (2 Sets)
This tutorial contains 2 different Sets of papers
Discuss with your team whether you have data from RE S/351, and if your team would like to use one team me mbers data for the Learning Team assignments in this c ourse. If using data from RES/351: Resources: Data collected from RES/351
QNT 351 Week 3 DQ 1
What are the differences between probability and coinci dence? Can the probability be more than 1 or less than 0? Explain why or why not.
QNT 351 Week 3 DQ 2
What is the role of probability concepts in business deci sion-making? Provide specific examples. .
QNT 351 Week 3 DQ 3
What are the basic differences between a discrete and a continuous distribution? .
QNT 351 Week 3 DQ 4
What are the characteristics of standard normal distribu tion? Explain how to calculate the z-test static. Explain h ow a z-value is used to calculate the area under the dist ribution and the meaning of P(0 to z) when z = 1.96. .
QNT 351 Week 3 Individual A
ssignment My StatsLab 14-Pr oblems (2 Sets)
QNT 351 Week 3 Individual Assignment My StatsLab 14Problems
This tutorial contains 2 Sets of stats lab problems a lso This tutorial contains excel file which can be used t o solve your lab problems even if the values doesn t match Week 3 Problems 1. An industrial group reports that there were approxim ately 122,000 industrial robots operating in a region last year. The graph shows the percentages of industrial rob ot units assigned to each of six task categories.
QNT 351 Week 3 Individual A
ssignment Real Estate Data Resources: Appendix A1 at the end of Basic Statistics fo r 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 .
QNT 351 Week 3 Team Assign
ment Summarizing and Prese nting Data (2 Sets)
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 assign ment, and insight gained by reading.
QNT 351 Week 4 DQ 1
What are some terms related to hypothesis testing with which you are already familiar? Why do null and alterna tive hypotheses have to be mutually exclusive?
QNT 351 Week 4 DQ 2
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 increase s to = 0.10 from = 0.01, which type error is more like ly to occur? What can be done to reduce the likelihood of incurring this error?
QNT 351 Week 4 DQ 3
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? H ow is the process similar?
QNT 351 Week 4 DQ 4
Please explain terms related to hypothesis testing; pleas e explain null and alternate hypotheses, explain the diff erence between two different test statistics, then define the equations used in both. Why do null and alternativ e hypotheses have to be mutually exclusive?
QNT 351 Week 4 Individual A
ssignment MyStatsLab 14-Pr oblems (2 Sets)
NT 351 Week 4 Individual Assignment MyStatsLab 14-Pr
oblems This tutorial contains 2 Sets of stats lab problems a lso This tutorial contains excel file which can be used t o solve your lab problems even if the values doesn t doesnt match Week 4 Problems 1. Determine whether the random variable is discrete o r continuous. a. the number of textbook authors now sitting at a com puter
QNT 351 Week 4 Individual A
ssignment Real Estate Data Resources: Appendix A1 at the end of Basic Statistics fo r Business and Economics Answer question 60 (both parts a. and b.) in the Data S et Exercises from Ch. 6 of Basic Statistics for Business a nd Economics. Answer question 54 (both parts a. and b.) in the Data S et Exercises from Ch. 7 of Basic Statistics for Business a nd Economics.
QNT 351 Week 4 Learning Te
am Reflection (2 Sets)
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.
QNT 351 Week 5 Indivdiual A
ssignment MyStatsLab Proble ms
QNT 351 Week 5 Individual Assignment MyStatsLab Pro
blems
QNT 351 Week 5 Individual A
ssignment Real Estate Data Resources: Appendix A1 at the end of Basic Statistics fo r 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
QNT 351 Week 5 Learning Te
am Assignment Analyzing an d Interpreting
If using RES/351 data:
Ask your instructor for specific information regarding th e analysis you are required to perform for your data set . Combine your Week Two Learning Team assignment an d Week Three findings with Week Five findings and mak e a recommendation to the research problem.
QNT 351 Course Career Path
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