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# BUS 308 Complete Course

BUS 308 Week 1 Individual Assignment Problems 1.2, 1.17, 3.3 and 3.22
BUS 308 Week 1 DQ 1 Performance Report
BUS 308 Week 1 DQ 2 The Empirical Rule vs
BUS 308 Week 1 Quiz
BUS 308 Week 2 Individual Assignments Problems 4.4, 4.20, 5.12, 6.22(a)
BUS 308 Week 2 DQ 1 Relative Frequency
BUS 308 Week 2 DQ 2 Applications for Probability
BUS 308 Week 2 Quiz
BUS 308 Week 3 Individual Assignments Problems 7.11, 7.30, 8.8, 8.38
BUS 308 Week 3 DQ 1 Unscientific Sampling
BUS 308 Week 3 DQ 2 Article Review
BUS 308 Week 3 Quiz
BUS 308 Week 4 individual Assignments Problems 9.13, 9.22, 12.10, 12.18(a)
BUS 308 Week 4 DQ 1 Hypothesis Test
BUS 308 Week 4 DQ 2 Creating Hypotheses
BUS 308 Week 4 Quiz
BUS 308 Week 5 DQ 1 Linear Correlation
BUS 308 Week 5 DQ 2 Quality Control
BUS 308 Week 5 Final Part I

## BUS 308 Week 1 DQ 1 Performance Report

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.) would you include? Explain your reasoning

## BUS 308 Week 1 DQ 2 The Empirical Rule vs.

Chebyshev 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 Quiz

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.
4.Question : Temperature in degrees Fahrenheit is an example of a ____ variable.
5.Question : Stem-and-leaf displays and dot plots are useful for detecting
6.Question : Any characteristic of a population unit is called a
7.Question : The science of using a sample to make generalizations about the important
aspects of a population is known as
8.Question : A normal population has 99.73 percent of the population measurements
within ___ standard deviations of the mean.
9.Question : When we are choosing a random sample and we do not place chosen units
back into the population, we are
10.Question : An example of manipulation of graphical display used to distort reality is:

## BUS 308 Week 2 DQ 1 Relative Frequency

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 Probability

Applications for Probability. In what situations might you use probability as a manager to
concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid

## 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.
2.Question : The set of all possible experimental outcomes is called a(n)
3.Question : If two events are independent, then the probability of their intersection is
represented by:
4.Question : A(n) __________ is a measure of the chance that an uncertain event will
occur.
5.Question : The price-to-earning ratio for firms in a given industry is distributed
according to normal distribution. In this industry, a firm with a Z value equal to 1
6.Question : The expected value of a discrete random variable is:
7.Question : For a continuous distribution, P(a = X = b) = P(a <X< b).
8.Question : The following formula: P(A U B) = P(A) + P(B) P(A n B) represents
9.Question : The MPG (mileage per gallon) for a mid-size car is normally distributed with
a mean of 32 and a standard deviation of .8. What is the probability that the MPG for a
selected mid-size car would be less than 33.2?
10. Question : The height of a continuous probability curve over a given point is

## BUS 308 Week 3 DQ 1 Unscientific Sampling

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
pollswhich they admit are unscientificlast week and found that 388 viewers like the
new Journal Sentinel and 2,629 didnt like it. We did our own unscientific poll on
whether those Channel 6 surveys accurately reflect public opinion. The results: a full

## 100 percent of the respondents say absolutely, positively not.

Is Cuprisins comment justified?

## BUS 308 Week 3 DQ 2 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.). Find one such article from a reliable source (such as EBSCO or Proquest) in the
online library that includes a construction of confidence intervals for the data studied,
and give a summary of the topic and the statistical results presented. In particular,
discuss whether there is enough information presented in the article to arrive at the
same conclusion as reported

## BUS 308 Week 3 Quiz

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.

3.Question : For non-normal populations, as the sample size (n) _________, the
distribution of sample means approaches a/an __________ distribution.
4.Question : As the sample size ________the variation of the sampling distribution of
___________.
5.Question : Assuming the same value of a, as the sample size increases, the value of
ta/2 approaches the value of Za/2.
6.Question : If the sampled population has mean 48 and standard deviation 16, then the
mean and the standard deviation for the sampling distribution of for n = 16 are
7.Question : The sampling distribution of x bar must be a normal distribution with a
mean 0 and standard deviation 1.
8.Question : As our sample standard deviation increases when all other parts of the
confidence interval stay the same, then the confidence interval will become:
9.Question : When the sample size and sample standard deviation remain the same, a
99% confidence interval for a population mean, will be _____ the 95% confidence
interval for .
10. Question : A manufacturing company measures the weight of boxes before shipping
them to the customers. If the box weights have a population mean and standard
deviation of 90 lbs and 24 lbs respectively, then, based on a sample size of 36 boxes, the
probability that the average weight of the boxes will be less than 84 lbs is

## BUS 308 Week 4 DQ 1 Hypothesis Test

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 Creating Hypotheses

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. A sample of containers was selected and the volume of
paint in each container was measured. Assuming that the volume printed on each
container is 1 gallon, how would you formulate the null and alternative hypotheses to
test the customers claim? As a manager, what reasonable criteria will you use to set a
value for the level of significance to be used in the test? After answering this question,
what type of error would you suppose may result in that case?

## 1.Question : Consider using p-value to test H0 versus Ha by setting a equal to .10. We

reject H0 at level a of significance if and only if the p-value is:
2.Question : When carrying out a sample test (with known) of H0: = 10 vs. Ha: > 10
by using a rejection point, we reject Ho at level of significance a if and only if the
calculated test statistic is
3.Question : When using the chi-square goodness of fit test, if the value of the chi-square
statistic is large enough, we reject the null hypothesis.
4.Question : The actual counts in the cells of a contingency table are referred to as the
expected cell frequencies.
5.Question : For a hypothesis test about a population mean or proportion, if the level of
significance is less than the p-value, the null hypothesis is rejected.
6.Question : When we carry out a chi-square test for independence, the null hypothesis
states that the two relevant classifications
7.Question : The manager of the quality department for a tire manufacturing company
wants to study the average tensile strength of rubber used in making a certain brand of
radial tire. The population is normally distributed and the population standard deviation
is known. She uses a Z test to test the null hypothesis that the mean tensile strength is
less than or equal to 800 pounds per square inch. The calculated Z test Statistic is a
positive value that leads to a p-value of .067 for the test. If the significance level is .10,
the null hypothesis would be rejected.
8.Question : A type II error is failing to reject a false null hypothesis.
9.Question : For the chi-square goodness of fit test, the rejection point X2a is in
10.Question : If a null hypothesis is not rejected at a significance level of .05, it will
______ be rejected at a significance level of .01.

## BUS 308 Week 5 DQ 1 Linear Correlation

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

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. In your post, briefly define Quality
Control and explain its importance. Also, describe some of the most widely used tools in
the industry for measuring and controlling quality, emphasizing their relationship to
what you have encountered in this class. Finally, explain the example from your article of
statistics as applied in a Quality Control context.

## BUS 308 Week 5 Final Part I

1.Calculate the mean yearly value using the average gas prices by month found in
theFinal 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.

## What is the Y-intercept of the linear regression line?

What is the equation of the linear regression line, in slope-intercept form?* Based
on the linear regression line,

## What are the residuals of each year?

Select a current price that you have seen or paid recently for gas. Is that price
within therange of the linear regression line or is it an outlier?

## BUS 308 Week 5 Final Part II Analysis Paper on Gas

Prices
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.

Using thepreceding statistical analysis as your basis and outside scholarly resources to
support yourclaims,
Write a 3 to 5 page paper interpreting the results from this perspective. Include
thefollowing considerations:
1. Introduce the project and its significance to the company.
2. Explain the statistical analysis that you completed in Part I. Be sure to explain
wherethe data came from, what analysis was done, and what the results were.
3. Give conclusions that you have drawn from the data. Consider the effects of your
gasprice predictions on the delivery business. Also consider whether or not you believe
yourpredicted gas prices are accurate. What could occur in the future that would change
yourlinear regression line and therefore your prediction?