...Chapter 5 Exercise 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. a. What is the probability one of the minority candidates is hired? (Round your answer to 1 decimal place.) b. Which concept of probability did you use to make this estimate? Chapter 5 Exercise 14 The chair of the board of directors says, "There is a 50% chance this company will earn a profit, a 30% chance it will break even, and a 20% chance it will lose money next quarter." a. Use an addition rule to find the probability the company will not lose money next quarter. (Round your answer to 2 decimal places.) b. Use the complement rule to find the probability it will not lose money next quarter. (Round your answer to 2 decimal places.) Find the Weekly Learning Assessment answers here QNT 561 Week 2 Weekly Learning Assessments Chapter 5 Exercise 22 A National Park Service survey of visitors to the Rocky Mountain region revealed that 50% visit Yellowstone Park, 40% visit the Tetons, and 35% visit both. a. What is the probability a vacationer will visit at least one of these attractions? (Round your answer to 2 decimal places.) b. What is the probability .35 called? c. Are the events mutually exclusive? Chapter 5 Exercise 34 P(A1) = .20...
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...QNT 561 Week 4 Weekly Learning Assessments - Assignment Chapter 10 Exercise 2 [The following information applies to the questions displayed below.] 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 H0: μ ≤ 10 H1: μ > 10 1. Award: 10 out of 10.00 points a. Is this a one- or two-tailed test? b. What is the decision rule? c. What is the value of the test statistic? d. What is your decision regarding H0? e. What is the p-value? Chapter 10 Exercise 10 Given the following hypotheses: H0 : μ = 400 H1 : μ ≠ 400 A random sample of 12 observations is selected from a normal population. The sample mean was 407 and the sample standard deviation 6. Using the .01 significance level: a. State the decision rule. (Negative amount should be indicated by a minus sign. Round your answers to 3 decimal places.) b. Compute the value of the test statistic. (Round your answer to 3 decimal places.) c. What is your decision regarding the null hypothesis? To download QNT 561 Week 2 Complete Answers click here QNT 561 Week 2 Weekly Learning Assessments Chapter 10 Exercise 12 The management of White Industries is considering a new method of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart. The mean assembly time for a random sample of 24 carts, using the new method,...
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... 9 10 8.0 4 12 4.0 10 12 6.0 5 8 5.0 11 6 8.6 6 7 10.0 12 6 8.0 a. If we want to estimate selling price on the basis of the age of the car, which variable is the dependent variable and which is the independent variable? b-1. Determine the correlation coefficient. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) b-2. Determine the coefficient of determination. (Round your answer to 3 decimal places.) c. Interpret the correlation coefficient. Does it surprise you that the correlation coefficient is negative? (Round your answer to nearest whole number.) Want to see the Individual Assessment of Week 5..?? Click QNT 561 Week 5 Weekly Learning Assessments Chapter 13 Exercise 12 The Student Government Association at Middle Carolina University wanted to demonstrate the relationship between the number of beers a student drinks and his or her blood alcohol content (BAC). A random sample of 18 students participated in a study in which each participating student was randomly assigned a number of 12-ounce cans of beer to drink. Thirty minutes after they consumed their assigned number of beers, a member of the local sheriff’s office measured their blood alcohol content. The sample information is reported below. Student Beers BAC Student Beers BAC 1 6 0.1 10 3 0.07 2 7 0.09 11 3 0.05 3 7 0.09 12 7 0.08 4 4 0.1 13 1 0.04 5 5 0.1 14 4 0.07 6 3 0.07 15 2 0.06 ...
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...QNT 561 Week 6 Weekly Learning Assessments Assignments Chapter 18 Exercise 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, 0.1, 0.2, 0.17, and 0.38, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.) 2001 8.41 2002 8.14 2003 7.77 2004 6.59 2005 7.17 2006 6.78 2007 6.81 2008 6.51 2009 5.78 2010 5.57 2011 5.84 2012 5.59 2013 5.53 Click here to download Complete Answers of QNT 561 Week 6 Weekly Learning Assessments Chapter 18 Exercise 10 Appliance Centre sells a variety of electronic equipment and home appliances. For the last 4 years, 2010 through 2013, the following quarterly sales (in $ millions) were reported. Year I II III IV 2010 5.3 4.1 6.8 6.7 2011 4.8 3.8 5.6 6.8 2012 4.3 3.8 5.7 6 2013 5.6 4.6 6.4 5.9 Determine a typical seasonal index (adjusted) for each of the four quarters. (Round your answers to 4 decimal places.) About Author This article covers the topic for the University of Phoenix QNT 561 Week 6 Weekly Learning Assessments. The author is working in the field of education from last 5 years. This article covers the questions & answers of QNT 561 Week 6 Weekly Learning Assessments from UOP. Other topics in the class are as follows: QNT 561 Final Exam Latest QNT 561 Week 2 Weekly Learning Assessments ...
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...QNT 351 Final Exam Guide (New) For more course tutorials visit www.tutorialrank.com Q1 The Director of Golf for a local course wants to study the number of rounds played by members on weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance level, is there a difference in the number of rounds played by day of the week? 2. An auditor for American Health Insurance reports that 20% of policyholders submit a claim during the year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted a claim the previous year? 3. When a class interval is expressed as 100 up to 200, _________________________. 4. A coffee manufacturer is interested in whether the mean daily consumption of regular-coffee drinkers is less than that of decaffeinated-coffee drinkers. A random sample of 50 regular-coffee drinkers showed a mean of 4.35 cups per day, with a standard deviation of 1.2 cups per day. A sample of 40 decaffeinated coffee drinkers showed a mean of 5.84 cups per day, with a standard deviation of 1.36 cups per day. What is your computed z-statistic? 5. You perform a hypothesis test at the .05 level of significance. Your computed p-value turns out to .042. What is your decision about the hypothesis? 6. In a distribution, the second quartile corresponds with the __________. 7. The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed, with a mean of 3 minutes...
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...Data Collection: Ballard Integrated Managed Services, Inc. QNT/351 Data Collection: Ballard Integrated Managed Services, Inc. Overview Ballard Integrated Managed Services, Inc. (BIMS) is a company that provides housekeeping and foodservices to large corporations and businesses. BIMS employs a total of 452 employees, including full-time and part-time workers as well as upper management employees. The average turnover rate for BIMS is typically 55 to 60%. During the past four months the turnover rate has increased to over 64%. Despite the efforts to get to the root of the issue causing the high turnover rate, management at BIMS has been unsuccessful. The morale is low at BIMS, and there has been an increase in the use of sick leave. The performance of workers has become inadequate, which has caused a number of complaints from clients. Data Collection Instrument A survey instrument was created in an attempt to allow the workers to express their views about their individual experiences at BIMS. The survey begins by asking questions about the employee’s feelings toward his or her position and the relationship he or she has with his or her boss. The survey also includes demographic questions that identifies the division they are assigned to and how long they have been employed. As the consulting group one can expect to find that the increase in turnover to be directly...
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...Fin571 Week 5 Problem Sets Lamar September 19, 2010 FIN/571 University of Phoenix Denny Frischkorn Week 5 Text Problem Sets Exercises Chapter 17 B1: (Choosing Financial... Save Paper Eco561 Week 1 quantity supplied on a fixed supply curve, during the pre-Superbowl weeks, there is a spike in the demand and quantity supplied as consumers are readying for the big... Save Paper International Corporate Finance/Fin Gm571 Week 3 The current credit terms dictates 15% upon purchase and 85% the following week (Emery, Finnerty, & Stowe, 2007). As valuable a customer who LS is to Murray, LS... Save Paper Week 2 Checkpoint Xeco212 iPad within hours, and retailers werent replenished for weeks because the demand was too high for production. So when they did this, they didnt have a significant... Save Paper Hca230 Week 1 Assignment HCA230 Week 1 Assignment Today Managed Care is the most predominant form of insurance in the United States. Insurances such as PPO, POS, and HMO plans are all... Save Paper Two Weeks With The Queen courage and prejudice expressed in a very realistic way that we can relate to. Two Weeks with the Queen gives the reader a sense of reality. In the beginning... Save Paper Week 5 Qnt/561 show that the production rate at the Scranton Plant has changed from 200 per week. The Two Sample Test of Hypothesis The two- sample hypothesis testing... Save Paper TraInIng In Acc point around which a learning organization may develop. The training program...
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...Summarizing and Presenting – BIMS, Inc. Syed Dilwar QNT/351, June 01, 2015 Question 5: Descriptive Statistics: Your supervisor treated you fairly. Finding Data |Descriptive statistics | | | | | | | | | | | | | | | | | |Q5 | | | | | |cumulative | | | lower | |upper |midpoint |width | frequency |percent | frequency |percent | | |1 |< |2 |2 |1 |12 |15.4 |12 |15.4 | | |2 |< |3 |3 |1 |18 |23.1 |30 |38.5 | | |3 |< |4 |4 |1 |15 |19.2 |45 |57.7 | | |4 |< |5 |5 |1 |15 |19.2 |60 |76.9 | | |5 |< |6 |5 |1 |18 |23.1 |78 |100.0 | | | | | | | | | | | | | | | | | | |78 |100.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |Descriptive Analysis Based on above survey question, the intention of descriptive analysis is to provide a clear understanding by use of graphical and numerical result to visualize unique trends of...
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...Data Collection Data Collection Ballard Integrated Managed Services Inc. (BMIS) located in New York city is a nationwide organization that specializes in providing services such as housekeeping and foodservices to 22 of Fortunes top 100 companies. Their clientele also consists of over 100 firms, 16 major universities, 14 medical centers, as well as 3 regional airports. BMIS is broken down into three divisions’ hospitality, food service, and physical plant maintenance, it also employees both full and part time workers. Recently, within the past four months general manger Barbara Tucker has noticed the turnover rate within her three divisions has reached over 64% annually as compared to the average rate between 55%and 60% (University of Phoenix, 2011, BIMS, Inc. Part I). The company moral at BMIS has reached an all time low and management has not improved its relationship with employee’s .Could this be one of the reason behind the increasing turnover rate? There has also been an increased usage of paid time off (PTO). The purpose of this research analysis is to find a solution to the increasing turnover rate as well as help improve company moral and get divisions at BMIS back on track. Instrument Design The data collection instrument used in this analysis was a survey. A survey can be defined as a tool used to collect information by asking questions recording responses on individual opinions and attitudes. BMIS administered a survey to allow...
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...QNT/351 Overview BIMS is an organization that offers housekeeping and foodservices to massive companies and businesses. The biggest problem they are facing is the turnover rate; which has increased in the last four months to over 64%. The employees are discouraged at BIMS, performance is low, there has been an increase in the use of sick leave, and the complaints from clients have increased. In order to find the root of the problem the company will run a survey among the workers asking questions such as: how they feel about the company, and questions regarding the low morale at work. The hypothesis is that employees do not feel content with the shifts and the low salaries. Instruments for Data Collection The instrument used for the data collection is a survey. The survey is given to all employees of BIMS in their paychecks. The survey has several questions where the employees is asked to rank the level on a scale of 1 to 5 with 1 the worst and 5 the best. The survey also has questions regarding gender, length of employment, and level of employment. The survey is optional and will give the employer an idea of how employees feel. The employees may answer some questions and not others. The survey will provide answers to what areas the employer needs to improve on, to increase moral. Level of Measurement Ordinal measurement for data is the type of data that consists of numerical scores that can be put in order with a...
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...QNT 275 Business Decision Making Project Final Project Throughout the last five weeks, Learning Team B has researched and gathered descriptive statistics pieces of equipment for Darrin Compton’s future small bakery or café. Darrin Compton is starting a bakery/café. Darrin relayed that news to Learning Team B. Learning Team B decided it would be a good class long project to research and discuss. Each member was assigned a specific type of kitchen equipment for Darrin’s new bakery. The equipment list is as follows: Convection Oven, 10 Gallon Tilting Kettle, 20 quart mixer, 60 quart mixer, a walk-in refrigerator, and a walk-in freezer. From that point, the team worked individually; only consulting with the team and Darrin after we had developed a good piece of research for a specific piece of equipment. Once all of the equipment was sufficiently researched and vetted, the team compiled all of the information in discussion board posts. Equipment for Research: 1) Double Stack Convection Oven 2) Groen 10 gallon Tilting Kettle 3) 20 qt. Mixer 4) 60 qt. Mixer 5) Walk-in Refrigerator 6) Walk-in Freezer Above is the equipment the team researched and developed a solid idea of what was a good price, warranty, shipping estimates, and quality. Some data you can infer from reading reviews and ratings on the various researched websites. How fast do the suppliers ship the equipment? Are the pieces of equipment ready to be shipped? Will the equipment be in...
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...| Syllabus School of Business QNT/TM561 Version 2 Research and Statistics for Process Control | Copyright Copyright © 2009, 2005 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Description This course prepares graduate students to apply statistics and probability concepts to business decisions in organizations that focus on process improvement. Students learn criteria for developing effective research questions, including the creation of appropriate sampling populations and instruments. Other topics include descriptive statistics, probability concepts, confidence intervals, sampling designs, data collection, and data analysis—including parametric and nonparametric tests of hypothesis and regression analysis. Policies Students/learners will be held responsible for understanding and adhering...
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