Title: QNT 275 Slingshot Academy / qnt275study.com
1QNT 275 Slingshot Academy / qnt275study.com
For More Tutorials
www.qnt275study.com
2QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 1 Individual Assignment Statistics
in Business - QNT 275 Week 1 DQ 1
- QNT 275 Week 1 DQ 2
- QNT 275 Week 1 DQ 3
- QNT 275 Week 2 Activity Data Set
- QNT 275 Week 2 Individual Assignment Business
Decision Making Project, Part 1 - QNT 275 Week 2 DQ 1
- QNT 275 Final Exam Guide
- 1. The salaries of teachers in a particular
school district are normally distributed with a
mean of 50,000 and a standard deviation of
2,500. Due to budget limitations, it has been
decided that the teachers who are in the top 2.5
of the salaries would not get a raise. What is
the salary level that divides the teachers into
one group that gets a raise and one that doesnt?
3QNT 275 Slingshot Academy / qnt275study.com
- What is the importance of statistics in business
decision making? Describe a business situation
where statistics was used in making a decision.
- Select four variables, other than what your
fellow students have already selected, that could
be measured by nominal, ordinal, interval, and
ratio scale. Classify them by measurement scale
and select descriptive statistics that can be
used to summarize data. Use the following table
when posting your response - Variable
- Level of Measurement
4QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 1 Individual Assignment Statistics
in Business (2 Papers)
- How do we define measurement? What are various
levels of measurement? How do you select
measurement levels when developing a survey or
data collection tool? Explain with examples.
- This Tutorial contains 2 Papers
- Develop a 875-word response that addresses each
of the following prompts - Define statistics with citation and reference.
- Contrast quantitative data and qualitative
data. Use two Peer Reviewed references. - Evaluate tables and charts used to represent
quantitative and qualitative data.
5QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 2 Assignment Mini-Project 3-2
- You are employed as a statistician for a company
that makes household products, which are sold by
part-time salespersons who work during their
spare time. The company has four salespersons
employed in a small town. Let us denote these
salespersons by A, B, C, and D.
- 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.
6QNT 275 Slingshot Academy / qnt275study.com
- What are the various methods one can use to
identify the shape of data distribution collected
for research study? Why it is important to know
the shape of distribution? How it can be used in
decision making? Provide examples other than
those already posted in class.
- Select an article from a news magazine or
research journal where data is displayed in a pie
or bar chart. Describe the data displayed in the
chart and what conclusion you could draw.
7QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 2 Individual Assignment Activity
Data Set (Little Town Cafe)
- Review the following business scenario
- You are the manager in a small town in the lake
district of a Midwestern state enjoys a robust
tourist season during the summer months, but has
only a small population of residents during the
off season. The Littletown Café adjusts the
levels of staff according to the time of year, to
coincide with the number of guests
- QNT 275 Week 2 Quiz
- 1. In order to summarize qualitative
data, a useful tool is a __________. - 2. A stem-and-leaf diagram is constructed
by separating each value of a data set into two
parts. What are these parts?
8QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 3 CLO Business Decision Making
Project Part 1
- CLO Business Decision-Making Project Part 1
- Identify a business problem or opportunity at a
company where you work or with which you're
familiar. This will be a business problem that
you use for the individual assignments in Weeks
3-5. It should be a problem/opportunity for which
gathering and analyzing some type of data would
help you understand the problem/opportunity
better.
- An oil change shop advertised to change oil
within 15 minutes. Based on the data collected on
a typical day, what is the probability that oil
change will take 15 minutes or less time? Based
on the data, do you think the business claim is
valid? Explain why or why not.
9QNT 275 Slingshot Academy / qnt275study.com
- What are some conditions under which business
decisions are made using subjective probability
concepts? Provide at least two examples of
subjective probability.
- What are the characteristics of standard normal
distribution? The HR department of an
organization collects data on employees' age,
salary, level of education, gender, and
ethnicity. Which data do you think is more likely
to follow normal distribution? Explain why.
10QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 3 Probability Case Study 5.2
- Week 3 Learning Team Collaboration Discussion
Probability - Resource Case Study 5.2 in Chapter 5 of
Essentials of Business Statistics - Calculate the requested probabilities for items
1-3. - Discuss your findings for the probabilities.
- QNT 275 Week 3 Quiz
- Question 1 You work in
marketing for a company that produces work boots.
Quality control has sent you a memo detailing the
length of time before the boots wear out under
heavy use. They find that the boots wear out in
an average of 208 days, but the exact amount of
time varies, following a normal distribution with
a standard deviation of 14 days.
11QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 4 CLO Business Decision Making
Project Part 2
- CLO Business Decision Making Project, Part 2
- Use the same business problem/opportunity and
research variable you wrote about in Week 3. - Remember do not actually collect any data think
hypothetically. - Develop a 1,050-word report in which you
- Identify the types of descriptive
statistics that might be best for summarizing the
data, if you were to collect a sample.
- What is the difference between an independent and
a dependent variable? Does a regression model
imply causation? Explain why or why not
12QNT 275 Slingshot Academy / qnt275study.com
- Does correlation equal causation? Does the
strength of correlation depend on the direction?
What is the meaning of a zero correlation?
Explain your answers.
- What are the requirements that must be met for a
regression analysis? What happens if these
requirements are violated? Why is analysis of
residuals important?
13QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 4 Linear Regression Case 12.1
- Resource Case Study 12.1 in Chapter 12 of
Essentials of Business Statistics. - Click the Sushi Restaurant Data Set link.
- Calculate the linear regression in item 1 of the
case study. - Discuss the following with your team
- Explain if simple regression or
multiple regression is more appropriate for
making predictions in this case.
- QNT 275 Week 4 Quiz
- Question 1 Serial correlation
is typically observed in - Question 2 Another name for an
explanatory variable is the ___. - Question 3 Which of the
following variables is not qualitative?
14QNT 275 Slingshot Academy / qnt275study.com
- QNT 275 Week 5 CLO Business Decision Making
Project Part 3
- CLO Business Decision Making Project, Part 3
- Prepare an 11- to 15-slide Microsoft PowerPoint
presentation for the senior management team based
on the business problem or opportunity you
described in Weeks 3-4.
- How would you select appropriate statistical tests
for analysis research data? What aspects of resea
rch questions or data type
15QNT 275 Slingshot Academy / qnt275study.com
- How do you know you have validated a research stud
y based on data gathered from primary or secondary
sources? Have you been involved with any product
test-marketing project? Explain. How did the resul
ting statistics affect the product's marketing str
ategy? How can organizations skew the statistical
outcomes of their business research?
- In what way has the learning from this course help
ed you to effectively test hypotheses, draw conclu
sions, and provide recommendations to management?
Consider what you have achieved in your research s
tudy conducted for this course.
16QNT 275 Slingshot Academy / qnt275study.com
For More Tutorials
www.qnt275study.com