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BUS 308 OUTLET Peer Educat

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BUS 308 Entire Course (New)


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BUS
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308
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Week
Week
Week
Week
Week
Week

1
1
1
1
2
2

DQ 1 Data Scales
DQ 2 Probability
Quiz
Problem Set Week One
Journal
DQ 1 t-Tests

BUS 308 Week 1 Assignment Problems 1.2, 1.17


, 3.3 and 3.22 (Ash Course
)
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BUS 308 Week 1 Problems 1.2, 1.17, 3.3 and 3.22

BUS 308 Week 1 DQ 1 Language


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Discussion 1-1/Language
Numbers and measurements are the language of
business.
Organizations look at results in many ways:
expenses, quality levels, efficiencies, time, costs,
etc. What measures does your department keep
track of?

BUS 308 Week 1 DQ 1 Performance Report (As


h Course
)
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You are the manager at a company and are asked to


present a report on the year-to-date performance of
your division. What type of statistical information
would you include in your report? In particular, which
descriptive statistics (mean, median, standard
deviation, etc.) do you think would best represent
the main aspects of the performance of your
division? What types of graphical presentation
(histogram, dot plot, stem-and-leaf, bar chart, etc.)

BUS 308 Week 1 DQ 2 Probability


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Things vary in life virtually nothing (except


physical standards such as the speed of light) we
interact with is constant over time.
Much of this variation follows somewhat predictable
patterns that can be examined using probability.

BUS 308 Week 1 DQ 2 The Empirical Rule vs.


Chebyshev Theorem (Ash Course)
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The Empirical Rule vs. Chebyshevs Theorem


Discuss how the Empirical Rule works and how it
relates to the bell curve as illustrated in Figure 3.14
(a). Then, explain Chebyshevs Theorem and how it
is different from the Empirical Rule. Give a specific
example of a population with which the Empirical
Rule might be most effective and one with which
Chebyshevs Theorem might be most effective.
Respond to at least two of your classmates
postings.

BUS 308 Week 1 Problem Set


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1. For assistance with these calculations, see the


Recommended Resources for Week One.
Measurement issues.
Data, even numerically code variables, can be one
of 4 levels nominal, ordinal, interval, or ratio.
It is important to identify which level a variable is, as
this impacts the kind of analysis we can do with the
data.

BUS 308 Week 1 Quiz (10 MCQ) (Ash Course)


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1. Question : The two types of quantitative variables


are
2. Question : As a general rule, when creating a
stem-and-leaf display, there should be between
______ stem values.
3. Question : The median is the value below which
and above which approximately 50 percent of the
measurements lie.

BUS 308 Week 1 Quiz (New)


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1. Question : In statistical notation, M is to as s is


to .
Question 2. Question : A parameter refers to a
sample characteristic.
Question 3. Question : Data on the city from which
members of a board of directors come represent
interval data.

BUS 308 Week 2 Assignments Problems 4.4, 4.2


0, 5.12, 6.22(a) (Ash Course
)
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BUS 308 Week 2 Assignments Problems 4.4, 4.20,


5.12, 6.22(a)

BUS 308 Week 2 DQ 1 Hypotheses


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Discussion 2-1/Hypotheses
What is a hypothesis test? Why do we need to use
them to make decisions about relating sample
results to the population;
why cant we just make our decisions by the sample
value?

BUS 308 Week 2 DQ 1 Relative Frequency (Ash


Course
)
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Relative Frequency. Conceptually we would expect


the probability of newborn males and females to be
the same. However, census reports indicate that the
ratios of males and females in various countries do
not conform to the theoretical prediction. What do
you think accounts for this variation? Can you think
of other cases where the expected probabilities do
not quite agree with the empirical values?

BUS 308 Week 2 DQ 2 Applications for Probabil


ity (Ash Course
)
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Applications for Probability. In what situations might


you use probability as a manager to approach
business-related problems? What are the
advantages to using probability concepts in business
decisions? Are there any disadvantages or possible
pitfalls to avoid in using probability in business?

BUS 308 Week 2 DQ 2 Variation


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Variation exists in virtually all parts of our lives.


We often see variation in results in what we spend
(utility costs each month, food costs, business
supplies, etc.).
Consider the measures and data you use (in either
your personal or job activities).
When are differences (between one time period and
another, between different production lines, etc.)
between average or actual results important?

BUS 308 Week 2 Problem Set


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Problem Set Week Two


Complete the problems below and submit your work
in an Excel document. Be sure to show all of your
work and clearly label all calculations.
All statistical calculations will use the
Included in the Week Two tab of theEmployee Salary
Data Set are 2 one-sample t-tests comparing male
and female average salaries to the overall sample
mean.

BUS 308 Week 2 Quiz (10 MCQ) (Ash Course)


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1. Question : In a statistical study, the random


variable X = 1, if the house is colonial, and X = 0 if
the house is not colonial, then it can be stated that
the random variable is continuous.

BUS 308 Week 2 Quiz (New)


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1. Question : What is the relationship between the


power of a statistical test and decision errors?
Question 2. Question : The desired sample depends
on all of these factors except?
Question 3. Question : What question does the z test
answer?

BUS 308 Week 3 Assignments Problems 7.11, 7.


30, 8.8, 8.38 (Ash Course
)
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BUS 308 Week 3 Assignments Problems 7.11, 7.30,


8.8, 8.38

BUS 308 Week 3 DQ 1 ANOVA


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In many ways, comparing multiple sample means is


simply an extension of what we covered last week.
Just as we had 3 versions of the t-test (1 sample, 2
sample (with and without equal variance), and
paired;
we have several versions of ANOVA single factor,
factorial (called 2-factor with replication in Excel),
and within-

BUS 308 Week 3 DQ 1 Unscientific Sampling (A


sh Course
)
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Unscientific Sampling. Consider question 7.45 from


the text: A Milwaukee television station, WITI-TV,
conducted a telephone call-in survey asking whether
viewers liked the new newspaper, the Journal
Sentinel. On April 26, 1995, Tim Cuprisin, a
columnist for the Journal Sentinel, wrote the
following comment: WITI-TV (Channel 6) did one of
those polls

BUS 308 Week 3 DQ 2 Article Review (Ash Cour


se
)
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Article Review. Many articles present statistical data


and list margins of error (for example, reports on
political opinion polls, growth or decline of the
housing markets, manufacturing sectors, etc.).

BUS 308 Week 3 DQ 2 Effect Size


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Several statistical tests have a way to measure


effect size. What is this, and when might you want
to use it in looking at results from these tests on job
related data?

BUS 308 Week 3 Problem Set


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ASSIGNMENT WEEK 3
Complete the problems below and submit your work
in an Excel document. Be sure to show all of your
work and clearly label all calculations. All statistical
calculations will use the
(Note: Questions 1- 4 have additional elements to
respond to below the analysis results.)

BUS 308 Week 3 Quiz (10 MCQ) (Ash Course)


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1. Question : There is little difference between the


values of ta/2 and Za/2 when the sample
2. Question : If the population proportion is .4 with a
sample size of 20, then is this sample large enough
so that the sampling distribution of is a normal
distribution.

BUS 308 Week 4 Assignments Problems 9.13, 9.


22, 12.10, 12.18(a) (Ash Course
)
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BUS 308 Week 4 Assignments Problems 9.13, 9.22,


12.10, 12.18(a)

BUS 308 Week 4 DQ 1 Confidence Intervals


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Discussion 4-1/Confidence Intervals


Many people do not like or trust single point
estimates for things they need measured.
Looking back at the data examples you have
provided in the previous discussion questions on this
issue, how might

BUS 308 Week 4 DQ 1 Hypothesis Test (Ash Co


urse
)
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Give an example of a hypothesis test you could


perform at work or at home. State what the Null and
the Alternative hypotheses would be in your test.
Explain how you would settle on a reasonable level
of significance for your scenario. Also explain what
the type I and II errors would be if you reached the
incorrect conclusion in your test.

BUS 308 Week 4 DQ 2 Chi-Square Tests


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Discussion 4-2/Chi-Square Tests


Chi-square tests are great to show if distributions
differ or if two variables interact in producing
outcomes.
What are some examples of variables that you
might want to check using the chi-square tests?
What would these results tell you?

BUS 308 Week 4 DQ 2 Creating Hypotheses (As


h Course
)
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Creating Hypotheses. Assume you are the manager


of a paint manufacturing factory. Your company has
received complaints from customers that the
containers hold less than the amount printed on
them. On the other hand, corporate management is
concerned that the containers hold more than the
standard amount. You assign a statistician to verify
these claims.

BUS 308 Week 4 Problem Set


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ASSIGNMENT WEEK 4
Lets look at some other factors that might influence
pay. Complete the problems below and submit your
work in an Excel document. Be sure to show all of
your work and clearly label all calculations. All
statistical calculations will use the

BUS 308 Week 4 Quiz (10 MCQ) (Ash Course)


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1. Question : Consider using p-value to test H0


versus Ha by setting equal to .10. We reject H0 at
level of significance if and only if the p-value is:

BUS 308 Week 4 Quiz (New)


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1. Question : The goodness of fit test null hypothesis


states that the sample data does not match an
expected distribution.
Question 2. Question : Statistical significance in the
Chi-square test means the population distribution
(expected) is not the source of the sample
(observed) data.

BUS 308 Week 5 DQ 1 Correlation


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Discussion 5-1/Correlation
What results in your departments seem to be
correlated or related to other activities?
How could you verify this? Create a null and
alternate hypothesis for one of these issues.
What are the managerial implications of a
correlation between these variables?

BUS 308 Week 5 DQ 1 Linear Correlation (Ash


Course
)
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Linear Correlation. Do you think there is a


correlation between CEO salaries and the degree of
success of a company? If you were to take a sample
of companies with comparable size, market
capitalization, and product category, and plot CEO
salaries against the net profit of their respective
companies, do you expect to find a linear correlation
between the two? Explain

BUS 308 Week 5 DQ 2 Quality Control (Ash Cou


rse
)
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Quality Control. Visit the websites on Quality Control


(QC) listed in the Required Websites for this week. In
addition, locate an article on the Internet or in the
Library databases that describes an example of the
use of statistics in Quality Control.

BUS 308 Week 5 DQ 2 Regression


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Discussion 5-2/Regression
At times we can generate a regression equation to
explain outcomes.
For example, an employees salary can often be
explained by their pay grade, appraisal rating,
education level, etc.

BUS 308 Week 5 Final Paper (2 Papers)


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This tutorial contains 2 Different Papers


The final paper provides you with an opportunity to
integrate and reflect on what you have learned
during the class.

BUS 308 Week 5 Final Part I - Excel (Ash Cours


e
)
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Calculate the mean yearly value using the average


gas prices by month found in the"Final Project Data
Set".
2.Using the years as your x-axis and the annual
mean as your y-axis, create a scatterplotand a linear
regression line.

BUS 308 Week 5 Final Part II Analysis Paper on


gas
prices
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Imagine that you are a manager at a delivery


service and you are creating a report toproject the
effects on your company of rising gas prices in the
next ten years.

BUS 308 Week 5 Problem Set


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ASSIGNMENT WEEK 5
1. Create a correlation table for the variables in our
(Use analysis ToolPak or StatPlus:mac LE function
Correlation).
a. Reviewing the data levels from week 1, what
variables can be used in a Pearsons Correlation
Table (which is what Excel produces)?

BUS 308 OUTLET Peer Educat


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