QNT/351

Quantitative Analysis for Business

The Latest Version A+ Study Guide

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Entire Course Link

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QNT 351 Week 1 Statistics in Business

Purpose of Assignment 

The purpose of this assignment is to introduce students to the basic concepts in statistics and understand the terminology before the start of the class. 

Assignment Steps 

Resources: Statistical Techniques in Business and Economics, Ch. 1. 

Refer to Ch. 1 of Statistical Techniques in Business and Economics and address the following in 1,050 words:

• Describe the role and purpose of statistics.
• Explain the primary types of statistics.
• Contrast a population and a sample.
• Compare the difference between a qualitative and quantitative variable. Provide one example of each.
• Describe the four different levels of measurements. Give one example of each.

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

QNT 351 Week 2 Team Project Plan

Overview

In this course, your team will work together to complete a few assignments. This chartering assignment is designed to help you apply your project management skills to understand the scope of your project, then break the project into goals, tasks, responsibilities, resources, and milestones. The assignment also asks you to discuss and answer some questions that will lay the foundation for developing your project.

Beyond the Standard Charter

You will notice that this chartering process goes beyond your standard University of Phoenix Charter by helping your team create a project plan for team success by providing you with opportunities to define your deliverables, recognize the connections between the deliverables and other classroom activities, determine your timelines and milestones, identify each team member’s expected contribution, and answer questions that lay the foundation for building your projects.

Putting “I” in “Team”

Important to note is the section for defining learning team expectations related to participation, collaboration, communication, team contributions, assignment deadlines, and other considerations. Please take the time to discuss and document how your team will address each area and any challenges that may arise.  It is important to understand that we are “Putting ‘I’ in ‘Team'”. In short, we will recognize and reward individuals according to their contributions to team output, not according to their team membership. This means that individual grades may be different from the team grade depending on each individual’s contribution to each team deliverable.

Completing This Assignment        

Do the following to complete this assignment:

• Review the Charter and Project plan.
• Review the weekly Learning Team deliverables.
• Complete the provided Learning Team Charter and Project Plan, including the following: team member contact information, project by week, learning team expectations, team discussion questions.

Click the Assignment Files tab to submit your assignment.

QNT 351 Week 2 Graphical Techniques

Purpose of Assignment 

The purpose of this assignment is to provide students hands-on experience with summarizing raw data using graphs and charts and interpreting results. Students will also use Excel® Pivot Tables and Pivot Charts to summarize raw data. In the era of big data, tools like Pivot Tables and PowerPivot are critical tools to summarize the data. 

Assignment Steps 

Resources: Microsoft® Excel® 

Complete the five exercises on the Microsoft® Excel® file, “Graphical Techniques Template.”

Note: Detailed instructions for the first four questions are provided in the document, “Graphical Techniques Instructions.”

Click the Assignment Files tab to submit your assignment.

QNT 351 Week 3 Measuring Salespeople Performance

Purpose of Assignment 

The purpose of this assignment is to provide students an opportunity to gain an understanding on how to compute and interpret descriptive statistics and compare results. 

Assignment Steps 

Resources: Microsoft® Excel® and Student Resources Guide 

Scenario: You are employed as a statistician for a company that makes household products, which are sold by part-time salespeople who work during their spare time. The company has four salespeople employed in a small town. Let us denote these salespeople by A, B, C, and D. The sales records (in dollars) for the past 6 weeks for these four salespeople are shown in the table below.

Your supervisor has asked you to prepare a brief report comparing the sales volumes and the consistency of sales of these four salespeople.

Use the mean sales for each salesperson to compare the sales volumes. 

Choose an appropriate statistical measure to compare the consistency of sales.

Make the calculations on the Microsoft® Excel® file, “Measuring Salespeople Performance Template,” and write a report of 350 words comparing the sales volumes and the consistency of sales of these four salespeople. 

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.

QNT 351 Week 3 Business Decision Making Project – Part 1

Purpose of Assignment 

This is the first part of the three-part signature assignment. The purpose of this assignment is to help students aggregate all the topics learned in Weeks 1 and 2 and apply to a problem or an opportunity at their company or any company with which they are familiar. 

Assignment Steps

Identify a business problem or opportunity at a company where you work or with which you are familiar. This will be a business problem that you will use for the individual assignments in Weeks 3 to 5. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the problem/opportunity better.

Identify a research variable within the problem/opportunity that could be measured by data collection.

Consider methods for collecting a suitable sample of either qualitative or quantitative data for the variable.

Develop an analysis of 1,050 words to describe a company, problem, and variable.

Include in your submission:

• Identify the name and description of the selected company.
• Describe the problem at that company.
• Analyze why the business problem is important.
• Identify one research variable from that problem.
• Describe the methods you would use for collecting a suitable sample of either qualitative or quantitative data for the variable (Note: do not actually collect any data).
• Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data).

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

QNT 351 Week 4 Measures of Relative Standing and Probability Distribution Problem Set

Purpose of Assignment 

The purpose of this assignment is to provide practice on probability and measures of relative standing so students can use these skills for their Signature Assignments. 

Assignment Steps 

Resources: Microsoft® Excel® and Student Resources Guide 

Complete the six exercises on the Microsoft® Excel® file, “Measures of Relative Standing and Probability Distribution Problem Set Template.” 

Click the Assignment Files tab to submit your assignment.

Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.

QNT 351 Week 4 Business Decision Making Project – Part 2

Purpose of Assignment 

The purpose of this assignment is for students to build upon the problem or opportunity identified in Part 1 in Week 3. In this part, students will identify the appropriate numerical and graphical techniques of descriptive statistics learned in Weeks 2 and 3 and apply them to further studying their problem or the opportunity. Additionally, students will gain experience in using basic concepts of probability to their research. 

Assignment Steps

Use the same business problem/opportunity and research variable you wrote about in Week 3.

Note: Do not actually collect any data; think hypothetically.

Develop an analysis of 1,050 words in which you:

• Identify the types of descriptive statistics (numerical measures) that might be best for summarizing the data, if you were to collect a sample.
• Identify the types of descriptive statistics (graphical measures) that might be best for summarizing the data, if you were to collect a sample.
• Analyze the role probability (for example, expected values or finding the probability of incurring a loss, etc.) might play in helping address the business problem.

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

QNT 351 Week 5 Signature Assignment: Business Decision-Making Project – Part 3

About Your Signature Assignment 

This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignment may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.

Purpose of Assignment 

The purpose of this assignment is for students to complete the study they started in Week 3. In this part, students will incorporate all the instructor feedback from Weeks 3 and 4 Business Decision-Making Projects, Parts 1 and 2, and use the inferential statistics concepts learned in Week 4 to complete the assignment. This signature assignment will help students experience the essential elements of a basic statistical study used in business organizations. 

Assignment Steps 

Resources: Microsoft® PowerPoint® and Student Resources Guide

Prepare a 25- to 30-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3 and 4.

Include on the slides what you would want the audience to see (include appropriate visual aids/layout). In the speaker notes section, include what you would say as you present each slide. If any source material is quoted or paraphrased in the presentation, use APA citations and references.

Draw on material you developed in the Week 3 and 4 assignments.

Include the following in your presentation:

• Title slide.
• Agenda slide.
• Describe the organization, with a brief description.
• Explain the business problem or opportunity.
• Analyze why the business problem is important.
• Identify what variable would be best to measure for this problem and explain why. Is this variable quantitative or qualitative?
• Apply data analysis techniques to this problem (tell which techniques should be used: descriptive stats, inferential stats, probability) and explain why.
• Apply a possible solution to the problem/opportunity, with rationale.
• Evaluate how data could be used to measure the implementation of such a solution.
• Conclusion.
• References slide (if any source material is quoted or paraphrased throughout the presentation).

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.