QNT 351 Redefine the Possible / qnt351.com

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QNT 351 Redefine the Possible / qnt351.com
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Final Exam Guide (New) For more course
tutorials visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Final Exam Guide (New, 2017) Score
30/30 For more course tutorials
visit www.qnt351.com   QNT 351 Final Exam Guide
(New, 2017)  Score 30/3  The mean amount spent by
a family of four on food is 500 per month with a
standard deviation of 75. Assuming that the food
costs are normally distributed, what is the
probability that a family spends less than 410
per month?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Final Exam Guide For more course
tutorials visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 Connect Problems For more course
tutorials visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 1 For more course tutorials
visit www.qnt351.com   Week 1 DQ1 Where would you
see descriptive statistics used in your work
place?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 2 For more course tutorials
visit www.qnt351.com   Week 1 DQ2 How would you
define dependent and independent variables? What
is their significance in research? Explain with
examples.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 3 For more course tutorials
visit www.qnt351.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
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 4 For more course tutorials
visit www.qnt351.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. 
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 5 For more course tutorials
visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 DQ 6 For more course tutorials
visit www.qnt351.com   Week 1 DQ6 What are the
four data measurement scales? Provide two
examples and explain the importance of each in
business research.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 Individual Assignment Statistics
in Business (2 Sets) For more course tutorials
visit www.qnt351.com   This tutorial contains 2
different Sets of papers Define statistics. Identi
fy different types of statistics. Describe the
role of statistics in business decision making.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 1 Introduction to Statistical
Thinking Worksheet For more course tutorials
visit www.qnt351.com   Complete the Introduction
to Statistical Thinking Worksheet. Format your
assignment consistent with APA guidelines. Click t
he Assignment Files tab to submit your assignm
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 Connect Problems For more course
tutorials visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 DQ 1 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 DQ 2 For more course tutorials
visit www.qnt351.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. 
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 DQ 3 For more course tutorials
visit www.qnt351.com   Week 2 DQ3 What level of
data is a telephone number? Explain.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 DQ 4 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 DQ 5 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 Excel Problem Graphical
Technique For more course tutorials
visit www.qnt351.com   Question 1   Plot a 100
stacked column chart for television sales by
year.   U.S. Television Sales, 2002 - 2005 (
thousands) Projection TV LCD TV Plasma TV 2002
3,574 246 515 2003 4,351 664 1,590 2004 6,271
1,579 2,347 2005 5,320 3,295 4,012
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 Learning Team Assignment Data
Collection (2 Sets) For more course tutorials
visit www.qnt351.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.  
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 Probability Worksheet For more
course tutorials visit www.qnt351.com   Complete t
he Probability Worksheet. Format your paper
consistent with APA guidelines. Click the
Assignment Files tab to submit your assignment.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 2 Team Assignment Descriptive
Statistics Real Estate Data Part 1 (New) For more
course tutorials visit www.qnt351.com    Search th
e 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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 Connect Problems For more course
tutorials visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 DQ 1 For more course tutorials
visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 DQ 2 For more course tutorials
visit www.qnt351.com Week 3 DQ2 What is the role
of probability concepts in business
decision-making? Provide specific examples.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 DQ 3 For more course tutorials
visit www.qnt351.com   Week 3 DQ3 What are the
basic differences between a discrete and a
continuous distribution?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 DQ 4 For more course tutorials
visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 Excel Problems Measuring
Salespeople Performance For more course tutorials
visit www.qnt351.com   Week A B C D 1 1774 2205
1330 1402 2 1808 1507 1295 1665 3 1890 2352 1502
1530 4 1932 1939 1104 1826 5 1855 2052 1189
1703 6 1726 1630 1441 1498   Interpretation of
Minimum and Maximum Interpretation of Mean and
Median Interpretation of Standard Deviation and
Variance Interpretation of the First and Third
Quartiles
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 Individual Assignment Real Estate
Data For more course tutorials visit www.qnt351.co
m   Resources 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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 Team Assignment Sampling
Distributions Real Estate Part 2 (New) For more
course tutorials visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 3 Team Assignment Summarizing and
Presenting Data (2 Sets) For more course
tutorials visit www.qnt351.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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 Connect Problems For more course
tutorials visit www.qnt351.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. They produced 22 during
a one hour period. The complete set of paired
observation follows
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 DQ 1 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 DQ 2 For more course tutorials
visit www.qnt351.com   Week 4 DQ2 Why does the
significance level differ among industries? Will
the null hypothesis be more likely to be rejected
at a 0.01 than a 0.10? As the significance
level increases to a 0.10 from a 0.01, which
type error is more likely to occur? What can be
done to reduce the likelihood of incurring this
error?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 DQ 3 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 DQ 4 For more course tutorials
visit www.qnt351.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?
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 Excel Problems Measures of
Relative Standing and ProbabilityDistribution For
more course tutorials visit www.qnt351.com   Probl
em 1 Figure below gives the boxplots comparing
the base yearly salaries of employeesin marketing
and employees in research for a large company.
Identify the five number summaries. for each
profession. Interpret them like we did in the
class.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 Individual Assignment Real Estate
Data For more course tutorials visit www.qnt351.co
m   Resources 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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 Learning Team Reflection (2
Sets) For more course tutorials
visit www.qnt351.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
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 4 Two Population Means Worksheet For
more course tutorials visit www.qnt351.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. 
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 5 Individual Assignment Real Estate
Data For more course tutorials visit www.qnt351.co
m   Resources 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.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation For
more course tutorials visit www.qnt351.com    If
using RES/351 data  Ask your instructor for
specific information regarding the analysis you
are required to perform for your data
set.  Combine your Week Two Learning Team
assignment and Week Three findings with Week Five
findings and make a recommendation to the
research problem.
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QNT 351 Redefine the Possible / qnt351.com
QNT 351 Week 5 Learning Team Assignment Analyzing
and Interpreting Data Paper and Presentation For
more course tutorials visit www.qnt351.com    If
using RES/351 data  Ask your instructor for
specific information regarding the analysis you
are required to perform for your data
set.  Combine your Week Two Learning Team
assignment and Week Three findings with Week Five
findings and make a recommendation to the
research problem.
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QNT 351 Redefine the Possible / qnt351.com