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QNT 561 Genius Education Ex

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QNT 561 Final Exam Guide (New)


1. The mean gas mileage for a hybrid car is 56 miles per gallon.
Suppose that the gasoline mileage is approximately normally distri
buted with a standard deviation of 3.2 miles per gallon.
2. What conditions must n satisfy to make the x 2test valid?
3. To use the t-statistic to test for a difference between the mea
ns of two populations, what assumptions must be made about the
two populations? About the two samples?
4. Studies of managers from two countries in the 1970s found s
harp differences of opinion toward quality management. To find o
ut if these differences continue to exist, researchers surveyed 100
managers in each country in the electronics manufacturing industr
y. The accompanying table gives the percentages of managers fro
m each country who agree with

QNT 561 Final Guide (Latest)


1. A random sample of size 15 is selected from a normal populatio
n. The population standard deviation is unknown. Assume the null
hypothesis indicates a two-tailed test and the researcher decided t
o use the 0.10 significance level. For what values of t will the null h
ypothesis not be rejected?

2. Which of the following is a characteristic of the F distribution?

QNT 561 Week 1 DQ 1

How may variance and standard deviation be applied to a real-worl


d business-related problem? Provide a specific application in which
these measures are useful.

QNT 561 Week 1 DQ 2

When would you use Chebyshevs theorem and the empirical rule i
n business? How are they calculated? Provide one real-life example
that requires Chebyshevs theorem and one that requires the empi
rical rule.

QNT 561 Week 1 Individual My Stat


slab Problem Set

1. What is statistics?
2. Explain the difference between descriptive and inferential sta
tistics.
3. Explain the difference between qualitative and quantitative d
ata.
4. Explain how populations and variables differ.
5. Explain how populations and samples differ.
6. What is a representative sample?
7. Explain the difference between a population and a process.
8. Define statistical thinking.

QNT 561 Week 1 Lab Work (New)

Ex 4)Two Thousand three hundred frequent business travelers are


asked which Midwestern city they prefer: Indianapolis, Saint Louis,
Chicago or Milwaukee. 388 liked Indianapolis best, 450 liked Saint
Louis, 1212 liked Chicago and the remainder prefers Milwaukee. D
evelop a frequency table and a relative frequency table to summari
ze this information (Round relative frequency to 3 decimal places.)

QNT 561 Week 2 DQ 1

What are some examples of operational definitions in research des


ign within your profession?For example, in the education field, gra
duation rate and retention rate are important operational definitio
ns to measure progress of students. Likewise other professions ha
ve common metrics and definitions. Identify some metrics and ope
rational definitions from your own career or a profession that you
know well. Tell us why you think it is important!

QNT 561 Week 2 DQ 2

What is the purpose of sampling? What are some concerns and da


ngers of sampling? How important is the sample design to data vali
dity? Explain. Provide an example where a sample might misrepres
ent data validity.For example, reflect on the current political camp
aign and the pollsters!

QNT 561 Week 2 Individual My Stat


slab Problem Set
1. A random sample of 87 observations produced a mean = 25.
7 and a standard deviation s = 2.6.
2. Health care workers who use latex gloves with glove powder
on a daily basis are particularly susceptible to developing a latex al
lergy. Each in a sample of 50 hospital employees who were diagnos
ed with a latex allergy based on a skin-prick test reported on their
exposure to latex gloves. Summary statistics for thr number of late
x gloves used per week are= 19.4 and s = 11.6. Complete parts (a)
(d).

QNT 561 Week 2 Lab Work (New)

Chapter 5: Ex 4) A large company must hire a new president. The B


oard of Directors prepares a list of five candidates, all of whom are
equally qualified. Two of these candidates are members of a minor
ity group. To avoid bias in the selection of the candidate, the comp
any decides to select the president by lottery. a. What is the proba
bility one of the minority candidate is hired? b. Which concept of p
robability did you use to make this estimate? Ex 14) The chair of th
e board of directors says, There is a 50% chance this company wil
l earn a profit, a 30% chance it will break even, and a 20% chance it
will lose money next quarter: a. Use an addition rule to find the pr
obability the

QNT 561 Week 2 Team Assignment Business R


esearch Project Part 1 Business Problem and
Research Questions
Identifyan organization or business for your Learning Team resea
rch project.
Describethe products or services it provides.
Identifya problem or dilemma faced by the organization that coul
d be addressed by research.
Discussthe problem as a team.

QNT 561 Week 2 Team Assignment Business R


esearch Project Part 1 Formulation of the Res
earch Problem
Identifyan organization from any member in your Learning Team
or an organization with which your team is familiar. If an actual co
mpany is used, disguise its name with a pseudonym.
Identifyone independent variable and one dependent variable ba
sed on the business. Operationalize these variables if they are too
abstract to measure.

QNT 561 Week 3 DQ 1

In your organizations management development program, there


was a heated discussion between people who claimed that theory i
s impractical and not effective, and others who claimed that effecti
ve theory is the most practical approach to problems. What positio
n would you take and why?

QNT 561 Week 3 DQ 2

You observe female sales representatives having lower customer d


efections than male sales representatives. What concepts and cons
tructs would you use to study this phenomenon? How might the co
ncepts or constructs relate to explanatory hypotheses? Explain.

QNT 561 Week 3 Individual Mystats


lab Problem Set
1. Which hypothesis, the null or the alternative, is the status-qu
o hypothesis?
2. A university economist conducted a study of elementary scho
ol lunch menus. During the state-mandated testing period, school l
unches averaged 890 calories. The economist claimed that after th
e testing period ended, the average caloric content of the school

QNT 561 Week 3 Lab Work (New)


Chapter 8:

Ex 2)The following is a list of 29 hospitals in the Cincinnati (Ohio)


and Northern Kentucky region. The hospitals are identified by num
bering them 00 through 28. Also included is whether the hospital is
a general medical/surgical hospital (M/S) or a specialty hospital (S).
we are interested in estimating the average number of full- and pa
rt-time nurses employed in the area hospitals.

QNT 561 Week 3 Team Assignment Business R


esearch Project Part 2 Research Plan (2 Paper
s)

This Tutorial contains 2 different Papers


Developa plan for your Business Research Project in approx. 800
words.

Revisethe research questions based on instructor feedback from t


he previous week.
Identifypopulation and samples for your research.
Describewho will be chosen and how they will be accessed.

QNT 561 Week 4 Discussion Descrip


tive Statistics

Create a Microsoft Excel spreadsheet with the two var


iables from a dataset for your choosing.
Analyze the data with MegaStat , StatCrunch , Microsoft
Excel or other statistical tool(s), including:
(a) Descriptive stats for each numeric variable
and
(b) Histogram for each numeric variable
and either (c) or (d)
(c) Bar chart for each attribute (non numeric) variable
(d) Scatter plot if the data contains two numeric variables
Determine the appropriate descriptive statistics.(a) For normall
y distributed data

QNT 561 Week 4 DQ 1

does technological advancement affect the ability to collect data? P


rovide examples. Does this advancement increase the chance for e
rrors? Explain.

QNT 561 Week 4 DQ 2

What is the importance of pretesting questions and instruments?


What are risks of not doing this? Provide an example.

QNT 561 Week 4 Individual Mystats


lab Problem Set
1. Researchers conducted a survey of a representative sample o
f over 1,000 drivers. Based on how often each driver engaged in ro
ad behaviour, a road rage score was given. The drivers were also gr
ouped by annual income. The data were subjected to an analysis o
f variance, with the results summarized in the table.
2. Researchers surveyed a random sample of 25 employees

QNT 561 Week 4 Lab Work (New)

Chapter 10: Ex 2) A Sample of 36 observations is selected from a n


ormal population. The sample mean is 12, and the population stan
dard deviation is 3. Conduct the following test of hypothesis using
the 0.01 significance level. EX. 10) Given the following hypotheses:
H0 : = 400 H1: 400 A random sample of 12 observations is sel
ected from a normal population. The sample mean was 407 and th
e sample S.D 6. Using the 0.1 significance level: a. State the decisio
n rule. b. Compute the value of the test statistic c. What is your dec
ision regarding

QNT 561 Week 4 Team Assignment Business R


esearch Project Part 3 Survey and Data Collec
tion Plan (2 Sets)
Createa draft of the survey.
Conducta pilot pretest having another Learning Team in the class
to provide feedback for your team. Chet will create a message thre
ad for each team to place their survey in the Class Discussion Tab.
Revisethe survey based on the feedback provided by your classm
ates.

QNT 561 Week 5 DQ 1

What is the value of performing hypotheses tests to solve problem


s related to business and operations management? Provide specifi
ce

QNT 561 Week 5 DQ 2

What are differences between dependent and independent sample


s? Provide examples. What are implications for determining the tes
ts used to analyze data?

QNT 561 Week 5 Individual Mystats


lab Problem Set

1. Consider the pairs of measurements shown to the right.


2. Researchers investigated the effect of tablet surface area to v
olume on the rate at which a drug is released in a controlled-releas
e dosage. For six similarly shaped tablets with different weights an
d thicknesses, the diffusional drug release rate (percentage of drug
released divided by the square root of time) was determined. The e
xperimental data are listed in the table. Complete parts a through
d.

QNT 561 Week 5 Lab Work (New)

Chapter 13: Ex 6) The owner of Maumee Ford-Mercury-Volvo wants


to study the relationship between the age of a car and its selling pr
ice. Listed below is a random sample of 12 used cars sold at the de
alership during the last year. a. If we wants to estimate selling pric
e on the basis of the age of car, which variable is thr dependent var
ialble and which is the independent variable? b. 1. Determine the c
orrelation coefficient 2. Determine the coefficient of determination
. c. Interpret the correlation coefficient. Does it surprise you that t
he correlation coefficient is negative? EX.12) The student Governm
ent Association at Middle Carolina University wanted to demonstra
te the relationship between the number of beers a student drinks
and his or her blood alcohol content (BAC). A random sample of 18
students participated in a study in which participating

QNT 561 Week 5 Team Assignment Business R


esearch Project Part 4 Data Analysis (2 Sets)

Administerthe survey.

In a paper in the APA format describe the following:


Determinethe sample process including sample contact, survey di
stribution, and survey collection.
Organize,prepare, and describe the data.

Includetables and figures as necessary to visually present the dat


a.
Think of this as a progress report to the CEO. He/S

QNT 561 Week 6 Lab Work (New)

Chapter 18: EX.2) Listed Below is the number of movie tickets sold
at the Library Cinema-Complex, in thousands, for the period from
2001 to 2013. Compute a five-year weighted moving average using
weights of 0.15, 0.15, 0.25, 0.16, and 0.29, respectively. Describe th
e trend in yield. EX 10) Appliance Center sells a variety of electronic
equipment and home appliance. For the last 4 years, 2010 through
2013, the following quarterly sales (in $ millions) were reported. D
etermine the typical seasonal index for each of four quarters.

QNT 561 Week 6 Team Assignment Business R


esearch Project Part 5 Research Report and Pr
esentation (2 Sets)
Complete the cumulative Business Research Report in approx.
1,500 words by collaborating with your team to include the followi
ng:
Revised tables or figures based on prior instructor feedback
The description or interpretation for the tables or figures
Summary of Learning Team results

QNT 561 Genius Education Ex


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