QNT 561 Course Career Path

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QNT 561 Final Exam Guide (N

ew)
1.
The mean gas mileage for a hybrid car is 56 miles
per gallon. Suppose that the gasoline mileage is approxi
mately normally distributed with a standard deviation o
f 3.2 miles per gallon.
2.
What conditions must n satisfy to make the x2 test
valid?
3.
To use the t-statistic to test for a difference betwee
n the means of two populations, what assumptions mus
t be made about the two populations? About the two sa
mples?

QNT 561 Final Guide (Latest)

1. A random sample of size 15 is selected from a normal
population. The population standard deviation is unkno
wn. Assume the null hypothesis indicates a two-tailed te
st and the researcher decided to use the 0.10 significan
ce level. For what values of t will the null hypothesis not
be rejected?
2. Which of the following is a characteristic of the F distr
ibution?
3. For a chi-square test involving a contingency table, su
ppose the null hypothesis is rejected. We conclude that
the two variables are __________.

QNT 561 Week 1 DQ 1

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

QNT 561 Week 1 DQ 2

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

QNT 561 Week 1 Individual M

y Statslab Problem Set
1.
What is statistics?
2.
Explain the difference between descriptive and inf
erential statistics.
3.
Explain the difference between qualitative and qua
ntitative data.
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 (N

ew)
Chapter 2:
Ex 4) Two Thousand three hundred frequent business tr
avelers are asked which Midwestern city they prefer: In
dianapolis, Saint Louis, Chicago or Milwaukee. 388 liked
Indianapolis best, 450 liked Saint Louis, 1212 liked Chica
go and the remainder prefers Milwaukee. Develop a fre
quency table and a relative frequency table to summari
ze this information (Round relative frequency to 3 deci
mal places.)
Ex 6) A small business consultant is investigating the per
formance of several companies. The fourth-quarter sale
s for last year (in thousands of dollars) for the selected c
ompanies were:

QNT 561 Week 2 DQ 1

What are some examples of operational definitions in r
esearch design within your profession? For example, in
the education field, graduation rate and retention rate a
re important operational definitions to measure progre
ss of students. Likewise other professions have commo
n metrics and definitions. Identify some metrics and op
erational definitions from your own career or a professi
on that you know well. Tell us why you think it is import
ant!

QNT 561 Week 2 DQ 2

What is the purpose of sampling? What are some conce
rns and dangers of sampling? How important is the sam
ple design to data validity? Explain. Provide an example
where a sample might misrepresent data validity. For ex
ample, reflect on the current political campaign and the
pollsters!

QNT 561 Week 2 Individual M

y Statslab 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 glov
e powder on a daily basis are particularly susceptible to
developing a latex allergy. Each in a sample of 50 hospit
al employees who were diagnosed with a latex allergy b
ased on a skin-prick test reported on their exposure to l
atex gloves. Summary statistics for thr number of latex
gloves used per week are = 19.4 and s = 11.6. Complete
parts (a) (d).

QNT 561 Week 2 Lab Work (N

ew)
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 ar
e members of a minority group. To avoid bias in the sel
ection of the candidate, the company decides to select t
he president by lottery.
a.
What is the probability one of the minority candid
ate is hired?
b.
Which concept of probability did you use to make
this estimate?

QNT 561 Week 2 Team Assign

ment Business Research Proj
ect Part 1 Business Problems

Identify an organization or business for your Learning T

eam research project.
Describe the products or services it provides.
Identify a problem or dilemma faced by the organizatio
n that could be addressed by research.
Discuss the problem as a team.
Discuss your selected problem or dilemma with your fa
culty member to ensure that it is at an appropriate scop
e for the course.

QNT 561 Week 2 Team Assign

ment Business Research Proj
ect Part 1 Formulation

Identify an organization from any member in your Lear

ning Team or an organization with which your team is fa
miliar. If an actual company is used, disguise its name
with a pseudonym.
Identify one independent variable and one dependent v
ariable based on the business. Operationalize these var
iables if they are too abstract to measure.

QNT 561 Week 3 DQ 1

In your organizations management development progr
am, 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 pra
ctical approach to problems. What position would you t
ake and why?

QNT 561 Week 3 DQ 2

You observe female sales representatives having lower
customer defections than male sales representatives. W
hat concepts and constructs would you use to study this
phenomenon? How might the concepts or constructs re
late to explanatory hypotheses? Explain.

QNT 561 Week 3 Individual M

ystatslab Problem Set
1.
Which hypothesis, the null or the alternative, is the
status-quo hypothesis?
2.
A university economist conducted a study of elem
entary school lunch menus. During the state-mandated
testing period, school lunches averaged 890 calories. Th
e economist claimed that after the testing period ended
, the average caloric content of the school lunches incre
ased/dropped significantly. Set up the null and alternati
ve hypothesis to test the economists claim.

QNT 561 Week 3 Lab Work (N

ew)
Chapter 8:
Ex 2) The following is a list of 29 hospitals in the Cincinn
ati (Ohio) and Northern Kentucky region. The hospitals
are identified by numbering them 00 through 28. Also i
ncluded is whether the hospital is a general medical/sur
gical hospital (M/S) or a specialty hospital (S). we are int
erested in estimating the average number of full- and p
art-time nurses employed in the area hospitals.

QNT 561 Week 3 Team Assign

ment Business Research Proj
ect Part 2 Research Plan (2 P
This Tutorial containsapers)
2 different Papers
Develop a plan for your Business Research Project in ap
prox. 800 words.
Revise the research questions based on instructor feed
back from the previous week.
Identify population and samples for your research.
Describe who will be chosen and how they will be acces
sed.
Determine the data collection process.

QNT 561 Week 4 Discussion

Descriptive Statistics
Create a Microsoft Excel spreadsheet with the two v
ariables from a dataset for your choosing.
Analyze the data with MegaStat, StatCrunch, Micros
oft Excelor 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

QNT 561 Week 4 DQ 1

does technological advancement affect the ability to coll
ect data? Provide examples. Does this advancement incr
ease the chance for errors? Explain.

QNT 561 Week 4 DQ 2

What is the importance of pretesting questions and inst
ruments? What are risks of not doing this? Provide an e
xample.

QNT 561 Week 4 Individual M

ystatslab Problem Set
.
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 wa
s given. The drivers were also grouped by annual incom
e. The data were subjected to an analysis of variance, wi
th the results summarized in the table.
2.
Researchers surveyed a random sample of 25 emp
loyees who were enrolled in a certain program at one of
three universities. These individuals were divided into f
our distinct groups, 1, 2, 3, and 4, depending on their jo
b situation at a previous or current firm. The sampled e
mployees completed

QNT 561 Week 4 Lab Work (N

ew)
Chapter 10:

Ex 2) A Sample of 36 observations is selected from a nor

mal population. The sample mean is 12, and the popula
tion standard deviation is 3. Conduct the following test
of hypothesis using the 0.01 significance level.

EX 12) The management of White Industries considering

a new method of assembling its golf cart. The present m
ethod requires 42.3 minutes, on the average, to assemb
le a cart. The mean assembly time for a random sample
of 24 carts, using the new method,

QNT 561 Week 4 Team Assign

ment Business Research Proj
ect
Part
3
Survey

This Tutorial contains 2 different sets

Create a draft of the survey.
Conduct a pilot pretest having another Learning Team i
n the class to provide feedback for your team. Chet will
create a message thread for each team to place their su
rvey in the Class Discussion Tab.
Revise the survey based on the feedback provided by yo
ur classmates.

QNT 561 Week 5 DQ 1

What is the value of performing hypotheses tests to solv
e problems related to business and operations manage
ment? Provide specific examples.

QNT 561 Week 5 DQ 2

What are differences between dependent and independ
ent samples? Provide examples. What are implications f
or determining the tests used to analyze data?

QNT 561 Week 5 Individual M

ystatslab Problem Set
1.
Consider the pairs of measurements shown to the
right.
2.
Researchers investigated the effect of tablet surfac
e area to volume on the rate at which a drug is released
in a controlled-release dosage. For six similarly shaped t
ablets with different weights and thicknesses, the diffusi
onal drug release rate (percentage of drug released divi
ded by the square root of time) was determined. The ex
perimental data are listed in the table. Complete parts a
through d.
3.
Many entrepreneurs have donated money to vario
us causes. Data on the total amount pledged and remai
ning net worth for the 10 top donors are given in the ta

QNT 561 Week 5 Lab Work (N

ew)
Chapter 13:
Ex 6) The owner of Maumee Ford-Mercury-Volvo wants t
o study the relationship between the age of a car and its
selling price. Listed below is a random sample of 12 use
d cars sold at the dealership during the last year.
a.
If we wants to estimate selling price on the basis o
f the age of car, which variable is thr dependent varialbl
e and which is the independent variable?
b.
1. Determine the correlation coefficient
2. Determine the coefficient of determination.

QNT 561 Week 5 Team Assign

ment Business Research Proj
ect Part 4 Data Analysis (2 Se
ts) sets
This Tutorial contains 2 different

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.
Organize, prepare, and describe the data.

QNT 561 Week 6 Lab Work (N

ew)
Chapter 18:
EX.2) Listed Below is the number of movie tickets sold at
the Library Cinema-Complex, in thousands, for the peri
od from 2001 to 2013. Compute a five-year weighted m
oving average using weights of 0.15, 0.15, 0.25, 0.16, an
d 0.29, respectively. Describe the trend in yield.
EX 10) Appliance Center sells a variety of electronic equi
pment and home appliance. For the last 4 years, 2010 t
hrough 2013, the following quarterly sales (in $ million
s) were reported.

QNT 561 Week 6 Team Assign

ment Business Research Proj
ect Part 5 Research

This Tutorial contains 2 Sets of Report and Presentation

Complete the cumulative Business Research Report in a
pprox. 1,500 words by collaborating with your team to i
nclude the following:
Revised tables or figures based on prior instructor feed
back
The description or interpretation for the tables or figure
s
Summary of Learning Team results
Answers to the research questions

QNT 561 Course Career Path

Begins /qnt561dotcom
FOR MORE CLASSES VISIT
www.qnt561.com