QNT 275 All Weeks Participations

0 items
QNT 275 All Weeks Participations
QNT 275 All Weeks Participations
$19.99
  • Description

QNT/275

STATISTICS FOR DECISION MAKING

 

The Latest Version A+ Study Guide

 

**********************************************

QNT 275 Entire Course Link

https://hwsell.com/category/qnt-275/

**********************************************

 

QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making

Watch the “The Role of Statistics in Business Decision-Making” video.

Consider the following as you watch:

  • Describe probability theory.
  • Explain how sampling theory relates to probability theory.
  • Differentiate between a population and a sample.
  • Explain, based on the video, why statistics is important in decision-making.

 

QNT 275 Week 2 Participation Obtaining a Suitable Sample

Watch the “Obtaining a Suitable Sample” video.

Consider the following as you watch:

  • Discuss the difference between convenience and random sampling.
  • Explain how you can obtain a sample size representative of a population.
  • Provide three examples.
  • Explain why a sample is used in place of the population.

QNT 275 Week 2 Participation Measuring Central Tendency and Variability

Watch the “Measuring Central Tendency and Variability” video.

Consider the following as you watch:

  • Define the three standard measurements of the central tendency and provide example of each.
  • Explain when you might want to use a median number.
  • Provide an example.
  • Define a standard deviation and what a standard deviation shows, provide an example.

 

QNT 275 Week 2 Participation Statistics Intro: Mean, Median, and Mode

Watch the “Statistics Intro: Mean, Median, and Mode” video.

Consider the following as you watch:

  • Explain how mean is calculated.
  • Explain how a median is calculated with an even number list.
  • Define an array.
  • Provide an example.
  • Define a mode.
  • Identify if you can have more than one modal number in a set of data.

Note: All Khan Academy content is available for free at www.khanacademy.org.

 

QNT 275 Week 2 Participation Finding the Range and Mid-Range

Watch the “Finding the Range and Mid-Range” video.

Consider the following as you watch:

  • Define a range and provide two examples.
  • Calculate a mid-range and provide two examples.

Note: All Khan Academy content is available for free at www.khanacademy.org.

 

QNT 275 Week 2 Learning Team Collaborative Discussion: Descriptive Statistics

Read Case Study 3.3 in Ch. 3 of Essentials of Business Statistics found on page 98.

Click the Fort Myers Sales Data Set link.

Calculate descriptive statistics:the mean, median, mode, and standard deviation in the two sample periods (January and July).

Discuss one of the following:

  • Identify what changes occurred in the Fort Myers housing market during the 6-month period.
  • Explain what conclusions you can draw from the data.
  • Identify what additional data you might want to understand the housing market better.
  • Explain what role descriptive statistics play in understanding the housing market.

 

 

QNT 275 Week 3 Participation Probability and Conditional Probability in Business Decision

Watch the “Probability and Conditional Probability in Business Decision-Making” video.

Consider the following as you watch:

  • Define probability.
  • Provide three examples of probability.
  • Define conditional probability.
  • Provide three examples of conditional probability.
  • Describe what questions you might ask to determine probability of risks when starting your own company.
  • Provide at least three questions.

 

QNT 275 Week 3 Learning Team Collaborative Discussion: Probability

Resource: Case Study 5.2 in Chapter 5 of Essentials of Business Statistics

Calculate the requested probabilities for items 1-3.

Discuss your findings for the probabilities.

  • Identify the smoking trend from 1997-2007.
  • Explain whether this is a discrete, continuous, or conditional probability.
  • Explain how probabilities help you understand trends in data.
  • Recommend steps related to smoking behavior based on this trend.

 

 

QNT 275 Week 4 Participation Correlation and Causality

Watch the “Correlation and Causality” video.

  • Define a correlation and provide an example
  • Define causality?
  • Explain if correlation causes causality.
  • Provide evidence with an example.

Note: All Khan Academy content is available for free at www.khanacademy.org.

 

QNT 275 Week 4 Participation Using Time Series to Analyze Business Trends

Watch the “Using Time Series to Analyze Business Trends” video.

  • Identify the four components of time series.
  • Provide an example of each component and how it might be used in business
  • Explain if this data becomes obsolete over time.

 

QNT 275 Week 4 Participation Career Connection Discussion: Forecasting

Discuss the following:

  • Explain what you have learned throughout this course with probability and how you think that will affect your forecasting decisions in your current or future company.
  • Predict how you will use probability in your current or future company?

 

 

QNT 275 Week 5 Participation Managing the Data Deluge

Watch the “Managing the Data Deluge” video.

  • Define a data management plan?
  • Provide an example of good data and an example of bad data.
  • Explain the following: Other than collecting primary data where might you search for secondary data?

 

QNT 275 Week 5 Participation Instinct, Debate, and Data Make the Best Decisions

Watch the “Instinct, Debate, and Data Make the Best Decisions” video.

  • Identify how to make the best decisions,
  • Provide an example.
  • Explain whether data the only element used in decision making.
  • Justify whether instinct should play a role in decision-making.

 

 

 

QNT 275 Week 5 Participation Interpret and Communicate Data Analysis Results

Watch the “Interpret and Communicate Data Analysis Results” video.

  • Describe how data can be interpreted differently.
  • Explain how and why data is scrubbed.
  • Describe three different ways to communicate data.