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QNT 561 NERD Learn by Doing

QNT 561 Final Exam Guide (New)


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1.
The mean gas mileage for a hybrid car is 56 miles per
gallon. Suppose that the gasoline mileage is approximately
normally distributed with a standard deviation of 3.2 miles per
gallon.
2.
What conditions must n satisfy to make the x2 test valid?

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QNT 561 Final Guide (Latest)


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1. A random sample of size 15 is selected from a normal


population. The population standard deviation is unknown.
Assume the null hypothesis indicates a two-tailed test and the
researcher decided to use the 0.10 significance level. For what
values of t will the null hypothesis not be rejected?

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QNT 561 Week 1 DQ 1


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How may variance and standard deviation be applied to a realworld business-related problem? Provide a specific application in
which these measures are useful.

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QNT 561 Week 1 DQ 2


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

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QNT 561 Week 1 Individual My Statslab


Problem Set
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1.
What is statistics?
2.
Explain the difference between descriptive and inferential
statistics.
3.
Explain the difference between qualitative and quantitative
data.

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QNT 561 Week 1 Lab Work (New)


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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.
Develop a frequency table and a relative frequency table to
summarize this information (Round relative frequency to 3 decimal
places.)

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QNT 561 Week 2 DQ 1


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What are some examples of operational definitions in research


design within your profession? For example, in the education field,
graduation rate and retention rate are important operational
definitions to measure progress of students. Likewise other
professions have common metrics and definitions. Identify some
metrics and operational definitions from your own career or a
profession that you know well. Tell us why you think it is
important!

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QNT 561 Week 2 DQ 2


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


dangers of sampling? How important is the sample design to data
validity? Explain. Provide an example where a sample might
misrepresent data validity. For example, reflect on the current
political campaign and the pollsters!

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QNT 561 Week 2 Individual My Statslab


Problem Set
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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 allergy.
Each in a sample of 50 hospital employees who were diagnosed with
a latex allergy based on a skin-prick test reported on their exposure
to latex gloves. Summary statistics for thr number of latex gloves
used per week are = 19.4 and s = 11.6. Complete parts (a) (d).

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QNT 561 Week 2 Lab Work (New)


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Chapter 5:
Ex 4) A large company must hire a new president. The Board of
Directors prepares a list of five candidates, all of whom are equally
qualified. Two of these candidates are members of a minority
group. To avoid bias in the selection of the candidate, the
company decides to select the president by lottery.

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QNT 561 Week 2 Team Assignment Business Resear


h Project Part 1 Business Problem and Research
Questions
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Identify an organization or business for your Learning Team


research project.
Describe the products or services it provides.

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QNT 561 Week 2 Team Assignment Business Resear


h Project Part 1 Formulation of the Research Pr
oblem
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Identify an organization from any member in your Learning Team


or an organization with which your team is familiar. If an actual
company is used, disguise its name with a pseudonym.
Identify one independent variable and one dependent variable
based on the business. Operationalize these variables if they are
too abstract to measure

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QNT 561 Week 3 DQ 1


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In your organizations management development program, there


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

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QNT 561 Week 3 DQ 2


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You observe female sales representatives having lower customer


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

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QNT 561 Week 3 Individual Mystatslab


Problem Set
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2.
A university economist conducted a study of elementary
school lunch menus. During the state-mandated testing period,
school lunches averaged 890 calories. The economist claimed that
after the testing period ended, the average caloric content of the
school lunches increased/dropped significantly. Set up the null and
alternative hypothesis to test the economists claim.

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QNT 561 Week 3 Lab Work (New)


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


and Northern Kentucky region. The hospitals are identified by
numbering 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 part-time nurses employed in the area hospitals.

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QNT 561 Week 3 Team Assignment Business Resear


h Project Part 2 Research Plan (2 Papers)
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This Tutorial contains 2 different Papers


Develop a plan for your Business Research Project in approx. 800
words.

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QNT 561 Week 4 Discussion Descriptive Statistics


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Create a Microsoft Excel spreadsheet with the two variables


from a dataset for your choosing.
Analyze the data with MegaStat, StatCrunch, Microsoft
Excelor other statistical tool(s), including:
(a) Descriptive stats for each numeric variable

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QNT 561 Week 4 DQ 1


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does technological advancement affect the ability to collect data?


Provide examples. Does this advancement increase the chance for
errors? Explain.

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QNT 561 Week 4 DQ 2


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What is the importance of pretesting questions and instruments?


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

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QNT 561 Week 4 Individual Mystatslab


Problem Set
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1.
Researchers conducted a survey of a representative sample
of over 1,000 drivers. Based on how often each driver engaged in
road behaviour, a road rage score was given. The drivers were
also grouped by annual income. The data were subjected to an
analysis of variance, with the results summarized in the table.

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QNT 561 Week 4 Lab Work (New)


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Chapter 10:
Ex 2) A Sample of 36 observations is selected from a normal
population. The sample mean is 12, and the population standard
deviation is 3. Conduct the following test of hypothesis using the
0.01 significance level.

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QNT 561 Week 4 Team Assignment Business Resear


Project Part 3 Survey and Data Collection Plan
(2 Sets)
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This Tutorial contains 2 different sets


Create a draft of the survey.
Conduct a pilot pretest having another Learning Team in the class
to provide feedback for your team. Chet will create a message
thread for each team to place their survey in the Class Discussion
Tab.

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QNT 561 Week 5 DQ 1


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What is the value of performing hypotheses tests to solve


problems related to business and operations management?
Provide specific examples.

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QNT 561 Week 5 DQ 2


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What are differences between dependent and independent


samples? Provide examples. What are implications for determining
the tests used to analyze data?

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QNT 561 Week 5 Individual Mystatslab


Problem Set
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1.
Consider the pairs of measurements shown to the right.
2.
Researchers investigated the effect of tablet surface area to
volume on the rate at which a drug is released in a controlledrelease dosage. For six similarly shaped tablets with different
weights

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QNT 561 Week 5 Lab Work (New)


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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 price.
Listed below is a random sample of 12 used cars sold at the
dealership during the last year.

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QNT 561 Week 5 Team Assignment Business Resear


Project Part 4 Data Analysis (2 Sets)
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This Tutorial contains 2 different sets


Administer the survey.
In a paper in the APA format describe the following:
Determine the sample process including sample contact, survey
distribution, and survey collection.

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QNT 561 Week 6 Lab Work (New)


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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.

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QNT 561 Week 6 Team Assignment Business Resear


h Project Part 5 Research Report and Presentati
on (2 Sets)
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This Tutorial contains 2 Sets of Report and Presentation


Complete the cumulative Business Research Report in approx.
1,500 words by collaborating with your team to include the
following:
Revised tables or figures based on prior instructor feedback
The description or interpretation for the tables or figures
Summary of Learning Team results

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