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QNT 351 PAPER Learn by Doing
QNT 351 Entire Course
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QNT 351 Week 1 Individual Assignment Statistics in Business 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
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QNT 351 Entire Course And Final Guide
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QNT 351 is a online tutoial stoe !e "ovides QNT 351 #ntie$ouse And %inal &uide 'ou can (nd )ee*
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QNT 351 Final Exam Guide
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2+ T)e geneal "ocess o, gat)eing- ogani.ing- summai.ing-anal/.ing- and inte"eting data is called
1+ T)e main "u"ose o, desci"tive statistics is to
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QNT 351 ee! 1 "Q 1
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Week 1 DQ1 W)ee !ould /ou see desci"tive statistics used in /ou !ok
"lace0
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QNT 351 ee! 1 "Q #
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Week 1 DQ2 o! !ould /ou de(ne de"endent and inde"endent vaiales0
W)at is t)ei signi(cance in eseac)0 #"lain !it) eam"les*
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QNT 351 ee! 1 "Q 3
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Week 1 DQ3 Develo" (ve demoga")ic uestions to measue gende- age-
/eas o, e"eience- level o, education- and et)nicit/* Identi,/ t)e
level o, measuement used ,o eac)
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Week 1 DQ4 o! !ould /ou de(ne a vaiale0 W)at is t)e dieence et!een
a de"endent and inde"endent vaiale0 Do /ou t)ink ot)
vaiales ae used in eve/ eseac)0 #"lain !)/ o !)/ not*7ovide eam"les*
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QNT 351 ee! 1 "Q 5
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Week 1 DQ5 W)at is t)e im"otance o, statistics in usiness decision making0
Descie a usiness situation !)ee statistics !as used in making
a decision*
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QNT 351 ee! 1 "Q %
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Week 1 DQ6 W)at ae t)e ,ou data measuement scales0 7ovide t!o
eam"les and e"lain t)e im"otance o, eac) in usiness
eseac)*
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QNT 351 ee! 1 &ndividual Assi'nment (tatistics i
)usiness *# (ets+
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This ttoria! contains " #i$erent %ets o& papers
De'ne statistics* (#enti&y dieent t/"es o, statistics* Describe t)e ole o, statistics in usiness decision making*
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QNT 351 ee! # "Q 1
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Week 2 DQ1 $an mean- median- o mode e calculated ,om all statistical
data0 #"lain !)/ o !)/ not* W)en is t)e mean t)e est
measue o, cental tendenc/0 W)en is t)e median t)e estmeasue o, cental tendenc/0
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Week 2 DQ2 Descie a usiness situation- ot)e t)an !)at )as alead/ een
selected / ,ello! students o selected ,om t)e team assignment-
!)ee mean and standad deviation can e used in decisionmaking* Descie )o! calculation o, mean and standad deviationcan )el" in making a decision*
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QNT 351 ee! # "Q 3
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Week 2 DQ3 W)at level o, data is a tele")one nume0 #"lain*
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Week 2 DQ4 Does all data )ave a mean- median- o mode0 W)/ o !)/ not0
W)en is t)e mean t)e est measue o, cental tendenc/0 W)en is
t)e median t)e est measue o, cental tendenc/0
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QNT 351 ee! # "Q 5
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Week 2 DQ5 W)/ is t)e "o"ulation s)a"e a concen !)en estimating a mean0
W)at eect does sam"le si.e- n- )ave on t)e estimate o, t)e
mean0
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QNT 351 ee! # &ndividual Assi'nment ,-
(tatsa/
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Week 2 7olems
1*$)oose t)e coect ans!e ello!8 A* It is an estimate o "ediction o some ot)e geneali.ation
aout a "o"ulation ased on in,omation contained in a sam"le
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QNT 351 ee! # earnin' Team Assi'nment "ata
llection *# (ets+
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This ttoria! contains " #i$erent %ets o& papers
Discss !it) /ou team !)et)e /ou )ave data ,om 9#S:351-and i, /ou team !ould like to use one team meme;s data ,ot)e
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QNT 351 ee! 3 "Q 1
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Week 3 DQ1 W)at ae t)e dieences et!een "oailit/ and coincidence0
$an t)e "oailit/ e moe t)an 1 o less t)an =0 #"lain !)/ o
!)/ not*
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QNT 351 ee! 3 "Q #
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Week 3 DQ2 W)at is t)e ole o, "oailit/ conce"ts in usiness decision>
making0 7ovide s"eci(c eam"les*
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QNT 351 ee! 3 "Q 3
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Week 3 DQ3 W)at ae t)e asic dieences et!een a discete and a
continuous distiution0
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Week 3 DQ4 W)at ae t)e c)aacteistics o, standad nomal distiution0
#"lain )o! to calculate t)e .>test static* #"lain )o! a .>value is
used to calculate t)e aea unde t)e distiution and t)e meaningo, 7?= to .+ !)en . @ 1*6*
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QNT 351 ee! 3 &ndividual Assi'nment ,-
(tatsa/ 1$0ro/lems *# (ets+
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Week 3 7olems
1* An industial gou" e"ots t)at t)ee !ee a""oimatel/122-=== industial oots o"eating in a egion last /ea* T)ega") s)o!s t)e "ecentages o, industial oot units assigned toeac) o, si task categoies*
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te "ata
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Resorces8 A""endi A1 at t)e end o, Basic Statistics ,o
Business and #conomics Ans)er uestion 6 in t)e Data Set #ecises ,om $)* 3 o, BasicStatistics ,o Business and #conomics*
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QNT 351 ee! 3 Team Assi'nment (ummariin' a
resentin' "ata *# (ets+
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Re*ise t)e e"ot sumitted in Week T!o ased on t)e ,eedack"ovided / t)e instucto in t)e team assignment- and insig)tgained / eading*
%mmari+e t)e data collected using desci"tive statistics*Desci"tive statistics s)ould e in t)e ,oms o, ,euenc/distiution tale- measues o, mean- median- mode- standaddeviation- and ga")ical dis"la/ o, data*
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Week 4 DQ1 W)at ae some tems elated to )/"ot)esis testing !it) !)ic) /ou
ae alead/ ,amilia0 W)/ do null and altenative )/"ot)eses )ave
to e mutuall/ eclusive0
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Week 4 DQ2 W)/ does t)e signi(cance level die among industies0 Will t)e
null )/"ot)esis e moe likel/ to e eCected at 伪 @ =*=1 t)an 伪
@ =*1=0 As t)e signi(cance level inceases to 伪 @ =*1= ,om 伪@ =*=1- !)ic) t/"e eo is moe likel/ to occu0 W)at can e doneto educe t)e likeli)ood o, incuing t)is eo0
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Week 4 DQ3 7lease e"lain t)e (ve ste"s used in )/"ot)esis testing* o! does
t)e (ve>ste" "ocedue ,o )/"ot)esis testing die !)en
com"aing t!o gou"s using a t> o .>test0 o! is t)e "ocesssimila0
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Week 4 DQ4 7lease e"lain tems elated to )/"ot)esis testing "lease e"lain
null and altenate )/"ot)eses- e"lain t)e dieence et!een t!o
dieent test statistics- t)en de(ne t)e euations used in ot)*W)/ do null and altenative )/"ot)eses )ave to e mutuall/eclusive0
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Week 4 7olems
1* Detemine !)et)e t)e andom vaiale is discete ocontinuous*
a* t)e nume o, tetook aut)os no! sitting at a com"ute * t)e !eig)t o, a T>one steak
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Resorces8 A""endi A1 at t)e end o, Basic Statistics ,oBusiness and #conomics
Ans)er uestion 6= ?ot) "ats a* and *+ in t)e Data Set#ecises ,om $)* 6 o, Basic Statistics ,o Business and#conomics*
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+
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Discss t)e ,ollo!ing !it) /ou
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QNT 351 ee! 5 &ndivdiual Assi'nment
,-(tatsa/ ro/lems
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QNT 351 Week 5 Indivdiual Assignment E/Stats
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QNT 351 ee! 5 &ndividual Assi'nment 2eal Esta
te "ataFor more course tutorials visit
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Resorces8 A""endi A1 at t)e end o, Basic Statistics ,oBusiness and #conomics
Ans)er uestion 5 in t)e Data Set #ecises ,om $)* 1=o, Basic Statistics ,o Business and #conomics*
Ans)er uestion 62 in t)e Data Set #ecises ,om $)* 13o, Basic Statistics ,o Business and #conomics*
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QNT 351 ee! 5 earnin' Team Assi'nment Anal-
in' and &nterpretin' "ata aper and resentati
on For more course tutorials visit
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As, /ou instucto ,o s"eci(c in,omation egading t)e anal/sis/ou ae euied to "e,om ,o /ou data set*
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