QNT 351 UOP Tutorial / Uoptutorial

1. QNT 351 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial

2. QNT 351 UOP Courses • QNT 351 Week 1 DQ 1 • QNT 351 Week 1 DQ 2 • QNT 351 Week 1 DQ 3 • QNT 351 Week 1 DQ 4 • QNT 351 Week 1 DQ 5 • QNT 351 Week 1 DQ 6 • QNT 351 Week 1 Individual Assignment Statistics • QNT 351 Week 2 DQ 1 • QNT 351 Week 2 DQ 2 • QNT 351 Week 2 DQ 3 • 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) What level of measurement is the number of auto accidents reported in a given month? QNT 351 ENTIRE COURSE QNT 351 Final Exam Guide

3. QNT 351 UOP Courses • Where would you see descriptive statistics used in your work place? • How would you define dependent and independent variables? What is their significance in research? Explain with examples. QNT 351 Week 1 DQ 1 QNT 351 Week 1 DQ 2

4. QNT 351 UOP Courses • Develop five demographic questions to measure gender, age, years of experience, level of education, and ethnicity. Identify the level of measurement used for each • 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.  QNT 351 Week 1 DQ 3 QNT 351 Week 1 DQ 4

5. QNT 351 UOP Courses • What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision. • What are the four data measurement scales? Provide two examples and explain the importance of each in business research. QNT 351 Week 1 DQ 5 QNT 351 Week 1 DQ 6

6. QNT 351 UOP Courses • 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. • 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? QNT 351 Week 1 Individual Assignment Statistics in Business QNT 351 Week 2 DQ 1

7. QNT 351 UOP Courses • 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.  • What level of data is a telephone number? Explain. QNT 351 Week 2 DQ 2 QNT 351 Week 2 DQ 3

8. QNT 351 UOP Courses • 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? • Why is the population shape a concern when estimating a mean? What effect does sample size, n, have on the estimate of the mean? QNT 351 Week 2 DQ 4 QNT 351 Week 2 DQ 5

9. QNT 351 UOP Courses • Discuss with your team whether you have data from RES/351, and if your team would like to use one team member’s data for the Learning Team assignments in this course. • If using data from RES/351: • QNT 351 Week 2 Individual Assignment My StatsLab 10 Problems. QNT 351 Week 2 Individual Assignment Data Collection QNT 351 Week 2 Individual Assignment My StatsLab 10 Problems

10. QNT 351 UOP Courses • What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not. • What is the role of probability concepts in business decision-making? Provide specific examples. QNT 351 Week 3 DQ 1 QNT 351 Week 3 DQ 2

11. QNT 351 UOP Courses • What are the basic differences between a discrete and a continuous distribution? • 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. QNT 351 Week 3 DQ 3 QNT 351 Week 3 DQ 4

12. QNT 351 UOP Courses • 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. • If using RES/351 data: • Revisethe report submitted in Week Two based on the feedback provided by the instructor in the team assignment, and insight gained by reading. QNT 351 Week 3 Individual Assignment Real Estate Data QNT 351 Week 3 Team Assignment Summarizing and Presenting Data

13. QNT 351 UOP Courses • 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? • Why does the significance level differ among industries? Will the null hypothesis be more likely to be rejected at α = 0.01 than α = 0.10? As the significance level increases to α = 0.10 from α = 0.01, which type error is more likely to occur? What can be done to reduce the likelihood of incurring this error? QNT 351 Week 4 DQ 1 QNT 351 Week 4 DQ 2

14. QNT 351 UOP Courses • 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? • 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? QNT 351 Week 4 DQ 3 QNT 351 Week 4 DQ 4

15. QNT 351 UOP Courses • QNT 351 Week 4 Individual Assignment MyStatsLab 14-Problems • 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. QNT 351 Week 4 Individual Assignment MyStatsLab 14-Problems QNT 351 Week 4 Individual Assignment Real Estate Data

16. QNT 351 UOP Courses • QNT 351 Week 4 Learning Team Reflection • QNT 351 Week 5 Indivdiual Assignment MyStatsLab Problems QNT 351 Week 4 Learning Team Reflection QNT 351 Week 5 Indivdiual Assignment MyStatsLab Problems

17. QNT 351 UOP Courses • 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. • If using RES/351 data: • Askyour instructor for specific information regarding the analysis you are required to perform for your data set. • Combineyour Week Two Learning Team assignment and Week Three findings with Week Five findings and make a recommendation to the research problem. QNT 351 Week 5 Individual Assignment Real Estate Data QNT 351 Week 5 Learning Team Assignment Analyzing and Interpreting Data Paper and Presentation

18. QNT 351 UOP Courses For more course tutorials visit www.uoptutorial.com Get Ready to grant success at exam by shop at uoptutorial