QNT 561 (APPLIED BUSINESS RESEARCH & STATISTICS) COMPLETE

CLASS
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QNT 561 (APPLIED BUSINESS RESEARCH

& STATISTICS) COMPLETE CLASS - A+
WORK
QNT 561 Applied Business Research and Statistics (The most recent course)

Week 1
Assignments:
QNT 561 Week 1 Practice Problems
Chapter 2 and 4
Name
QNT 561
June 18, 2012
Debasis Bhattacharya

Chapter 2 answers

2.37

Sample mean = (3.2+2.5+2.1+3.7+2.8+2.0)/6 = 16.3/6 = 2.717

The median is the middle value when the data set is ordered.
Here since we have even number of observations we need to find the average of the
two middle values.
Ordered data: 2.0, 2.1, 2.5, 2.8, 3.2, 3.7
Median = (2.5+2.8)/2 = 2.65

2.38

a. Mean = Sum/n = 85/10 = 8.5

b. Mean = Sum/n = 400/16 = 25
c. Mean = Sum/n = 35/45 = 0.778
d. Mean = Sum/n = 242/18 = 13.444

Week 1 Dq1:

How may variance and standard deviation be applied to a real-world businessrelated problem? Provide a specific application in which these measures are
useful.
Week 1 Dq2
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.
Week 2
Assignments:
Business Research Methods Part I
Electronic books are becoming more popular because it offers portability, flexibility,
larger capacity, and affordability. Barnes and Noble recognize the need to evaluate this
change and therefore conduct a business research to determine the best approach to
modify the business strategy. The learning team will determine an appropriate business
research method to conduct a survey. The survey will be a series of questions from this
organizational dilemma to this problem. Defining the problem will assist in determining
an appropriate research design that will include characteristics, such as independent
and dependent variables, and operational definitions. Additionally, the research will
provide a sample design to use for collecting data.
Week 2 Dq 1:
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!
Week 2 Dq 2:

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!

QNT 561 Week 2 Practice Problems

Ch. 4 of Statistics for Business and Economics
4.156

Answer for part (a) and (b)

Sample

Sample
mean

0, 0

0, 2

0, 4

0, 6

2, 0

2, 2

2, 4

2, 6

4, 0

4, 2

4, 4

4, 6

6, 0

6, 2

6, 4

6, 6

c. Each sample has an equal probability to be selected. There are 16 samples. Hence
the probability of selecting a sample is

d. Sampling distribution of the sampling mean.

Sample
mean

P(

1/16

1/8

3/16

1/4

3/16

1/8

1/16

Week 3
Assignments:
QNT 561 Week 3 A Decision of Uncertainty Paper
Week 3 Dq 1:
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?
Week 3 Dq2:
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.
QNT 561 Week 3 Practice Problems

3.5

a) = 10

b) = 20

c) = 15504

3.7

a) Let the marbles to be B1, B2, R1, R2 and R3.

The sample points are:

(B1, B2), (B1, R1), (B1, R2), (B1, R3), (B2, R1), (B2, R2), (B2, R3), (R1, R2), (R1, R3), (R2, R3).

b) Each sample point has an equal probability to occur. Since there are 10 sample
points, the probability is

c)

3.12

Let B be the event that the postal worker was assaulted on the job in the past year.

3.15

a) Let C be the event that slaughtered chicken passes inspection with fecal
contamination.
b) According to the given information,

Once it is rounded to two decimal places, the probability of a slaughtered chicken

passes inspection with fecal contamination is 0.01.

WEEK 4
Assignment:
QNT 561 Week 4 Business Research Methods, Part II
Barnes & Noble Research Method Part II
Barnes & Noble continues to explore the data collecting process design. The validity of
the data is contingent on the appropriate collection method of the sample data.
Therefore, the design of the questionnaire is important to consider in this process. The
design of the questionnaire will include an appropriate response type such as ranking
the results. Ranking the data is one of the general response types to use. The research
team will classify the findings in the order of power. These determinations of ranking
and order of power will assist the researchers in the development of appropriate
questions for the questionnaire.
Week 4 Dq 1:
How does technological advancement affect the ability to collect data?
Provide examples. Does this advancement increase the chance for errors?
Explain.
Week 4 Dq2:

What is the importance of pretesting questions and instruments? What are

risks of not doing this? Provide an example.

QNT 561 Week 4 Practice Problems

Week 5
Assignments:
QNT 561 Week 5 Weekly Learning Team Reflection
LT A Week Five Reflection Paper
The objective topics for week five is to conduct one and two sample tests of hypotheses
and perform variance and chi-square analysis. We learn about the null hypothesis and
the function it takes to complete the hypothesis. In addition, our focus is to complete
the math problems while working on our other assignments.
QNT 561 Week 5 Practice Problems
Week 5
Ch. 6 of Statistics for Business and Economics
6.2
The test statistic of a test of hypothesis is used to decide whether to reject the null
hypothesis in favor of the alternative hypothesis.
6.8
a) Rejection region is shaded in blue color and the size is 0.025
b) Rejection region is shaded in blue color and the size is 0.05
c) Rejection region is shaded in blue color and the size is 0.005
QNT 561 Week 5 DQ 1

What is the value of performing hypotheses tests to solve problems related to

business and operations management? Provide specific examples.
QNT 561 Week 5 DQ 2
What are differences between dependent and independent samples? Provide
examples. What are implications for determining the tests used to analyze
data?

WEEK 6
ASSIGNMENTS
QNT 561 Week 6 Business Research Methods, Part III Presentation
QNT 561 Week 6 Business Research Methods, Part III
Barnes &Noble Business Research MethodsIII
Barnes & Noble is a popular book chain. The question to answer by the analysis is there
is a reduction in sales of hardcover and paperback books since the release of the
electronic reading devicesavailable. Continuing the analysis from the previous weeks,
Team A researches Barnes & Noble data collection techniques and performs further
analysis. In reviewing the analysis data, the Team is able to explore potential challenges
that can come from the validity and reliability of the questionnaire survey. The Team
explores steps to overcome these challenges and adding itinto the general response
types. Thereafter, the team is able to classify the findings in order of power.
QNT 561 Week 6 Practice Problems

Chapter 10 and 11
Week 6
Ch. 10 of Statistics for Business and Economics

10.2

a) , Since
Therefore the Slope = 1 and y-intercept = 0

b) , Since
Therefore the Slope = -1 and y-intercept = 3

c) , Since
Therefore the Slope = 0.2 and y-intercept = 1.2

d) , Since
Therefore the Slope = 1.125 and y-intercept = 3.75

10.3

Two equations can be written as:

Solving two equations gives us

Therefore the equation of the line is

10.4
a) If the line passes through (1,1) -> , similarly, for (5,5) ->
Solving the two equations we have

The equation is
b) If the line passes through (0,3) -> , similarly, for (3,0) ->
Solving the two equations we have
The equation is