Qnt351 Discussion Questons 1-5

In: Business and Management

Submitted By radd22122
Words 7190
Pages 29
QNT-351 Discussion Question Responses

* DQ#1: What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.
1. Using statistics to evaluate the performance of your business. Taking all factors into account, determine whether you are making or losing money. In addition, determine the trend of your business. For example, determine whether, over time, you are making more or less profit (or loss). Track the share of the market that your business holds, and how this changes over time. Evaluate all these factors for each product type, even each model, in your company's line. The statistics to use here are simple line and bar graphs of data. These data can alert you to where you need to change aspects of your business, and how quickly you have to make that change.
Furthermore, statistics are an excellent way to determine how you should allocate your resources to increase sales. Sales in a given market are a result of a number of factors, such as pricing, the size of the sales force, and the type and number of advertisements placed. However, these factors will not be equally important for every product. You would use multiple regressions to determine which of these factors are most important, and how much changing your asset allocation (for example, the size of the sales force) will change sales.
2. Statistics: The science of collecting, organizing, and analyzing data.

Descriptive Statistics - Finding The Skew

16,15,18,118

[pic]

[pic]

[pic]

[pic]

[pic]

Median=15,16,18,118

[pic]

[pic]
Median=17

Since the mean is greater than the median, the data set is “negatively skewed.”

3. Statistics is quite important in business decision making, because the collection of raw data and organizing the data is a prerequisite to presenting statistics…...

Similar Documents

Re: Week 5 Discussion 1

...networks as follows: 4G LTE, 4G WiMax, and 4G WiBro. The LTE or long term evolution network first inception happened on the Verizon Wireless network, starting in the year two-thousand and ten, on the tenth day of December. The official roll of the LTE network would cover more than “237.5 million people” across the network, this would be one of the largest upgrade done on a telecommunications network since the inception of the 3G network. (Facts about Verizon Wireless' fourth generation (4G) Long Term Evolution (LTE) network, 1st bullet point, new center, LTE information center.) The 4G LTE network rollout on the Verizon Wireless network would now offer “upload and download speeds of 10 mbps, according to CEO Lowell McAdam.” (January 8, 2013 5:08 PM, Author: Devindra Hardawar, CES 2013, 3RD paragraph.) The consumer these days either has a 4G mobile technological advanced device or is planning on buying one soon to be able to enjoy the blazing fast network LTE technological advanced networks. There are a lot of 4G devices that are backwards compatible with the 3G network cell towers. The similarities will continue to compare and contrast one another, the LTE technology will also be, backwards compatible with the LTE advanced network roll out as well. Meaning there would be no bearing on existing on existing routers or switches, when the roll out of LTE advanced, LTE will be backwards compatible according to Ericsson research that has been done. (II. REQUIREMENTS, LTE advanced......

Words: 1518 - Pages: 7

Re: Week 5 Discussion 1

... The purpose of this proposal is to implement wireless communication at Westwood Resort, address the current network status and how to improve network capabilities throughout the resort. The goal of the company is to provide free Wi-Fi access to guests and at the same time ensure that the internal network remain secure. In addition, the resort wants to provide better cell phone access in the Fitness Center. Westwood Resort is located in Atlanta GA; it is a single building structure which is composed of ten stories, 500 guest rooms, two banquet halls, seven meeting rooms, hotel lobby, reception, coffee shop, fitness center, and poolside. The Business Center and half the guest rooms are wired for internet access with a dedicated T-1 connection. The hotel currently runs an Ethernet network at 10Mbps with Linux as their primary application, and is a dedicated hotel property management system. The Westwood Resort is operating on wired network and has decided to implement a complete Wi-Fi solution in order to remain competitive and provide the first rate amenities expected by the well heeled guest. Wireless Infrastructure Subject, Topics and Results Exclusive Consulting has been hired by Westwood Resort to fulfill the resort goals. The first step of the consulting company is to submit a proposal for the implementation of the Wi-Fi Communication and overall network infrastructure. Exclusive Consulting recommends the following: Wi-Fi......

Words: 2827 - Pages: 12

Bus642 Week 5 Discussion 1

...the next 5 years. My goal for the survey is to see if I can meet the requirement to become a Senior Financial Analyst. Becoming a Senior Financial Analyst make me happy? I sent an email survey to 17 senior financial analysts within my current company. The data collected will confirm if I should continue seeking the position of a Senior Financial Analyst. Seventeen Senior Financial Analysts were given an e-mailed survey to complete which will show what is required for a Senior Financial Analyst position. The questions that were asked are as follows: 1. What is the highest educational requirement needed for a Senior Financial Analyst? A) Bachelors; B) Masters, C) Doctorate, or D) Certificate/License 2. How many years of experience are needed to become a Senior Financial Analyst? A) Less than 5 years; B) 5 years; or C) more than 5 years 3. How many hours do you work each week as a Senior Financial Analyst? A) Less than 40 hours per week, B) 40 hours per week; or C) More than 40 hours per week. 4. Due to the level of responsibilities for a Senior Financial Analyst, are you happy with your annual compensation? A) Yes or B) No 5. Are you satisfied being a Senior Financial Analyst? A) Yes, o B) No Out of the 17 emailed surveys, I received responses from 13. The results to the questions are below in Table 1: Table 1 Highest Level of Edu Bachelor Masters Doctorate Certificate/License 3 8 2 0 Years of Experience Less than 5 years 5 years More than 5......

Words: 949 - Pages: 4

Mgt 380 Week 5 Discussion 1

...This work MGT 380 Week 5 Discussion 1 comprises solution on the following problem: "Read the section on Wrigley in your text. What three team leadership concepts can be learned from the company? What traits or characteristics are necessary for leaders to be effective in running teams? Respond substantively to two other students Business - Management Week One: Why Organizational Change?   Details Due Points Objectives 1.1  Identify factors that drive organizational change. 1.2  Explain the impact of the global environment on organizational change. 1.3  Describe the various stages of the transition curve. Readings Read Ch. 3 of Managing Organizational Change . Read pp. 30-49 (Ch. 2) 186-89 (Ch. 7) of Changing Organizational Culture . Review this week’s Electronic Reserve Readings. Participation Participate in class discussion. All Week 1 Discussion Questions Respond to weekly discussion questions. All Week 1 Nongraded Activities and Preparation Submit this week’s Learning Summary as indicated by your instructor. Learning Team Instructions Resources: Textbooks, Learning Team Handbook, Guide to Charter, Learning Team Charter, Learning Team Log, and Learning Team Evaluation Create the...

Words: 293 - Pages: 2

Acc 291 Week 5 Discussion Question 1

...work ACC 291 Week 5 Discussion Question 1 you will find right answers on the following questions: "Why do corporations buy back their own stock? What does it tell you about the corporation? What effect does the purchase have on the price of a company Business - Accounting ACC 291 All Week 4 Assignments - Individual WileyPlus Assignment Includes: Week 4 Chapter 13 practice quiz 1 Week 4 Chapter 14 Practice quiz 1 Week 4 reflection summary Week 4 Discussion questions 1 and 2 Week 4 Individual WileyPlus assignment as described below: Exercise Do It! 11-1 Indicate whether each of the following statements is true or false Exercise E11-15 On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Complete the tabular summary of the effects of the alternative actions on the components of stockholders' equity and outstanding shares.  (If answer is zero, please enter 0. Do not leave any fields blank.) Exercise E11-16 Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the accounts 1. The......

Words: 379 - Pages: 2

Bus 415 Week 5 Discussion Question 1

...Week 5 Discussion Question 1 Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser http://hwguiders.com/downloads/bus-415-week-5-discussion-question-1/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) What is the chronological order of the major legislation that makes up the history of employment law in this country? For each law, state the social problem the law was designed to address, and discuss how employment law has affected the workplace in the last two decades. BUS 415 Week 5 Discussion Question 1 Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser http://hwguiders.com/downloads/bus-415-week-5-discussion-question-1/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) What is the chronological order of the major legislation that makes up the history of employment law in this country? For each law, state the social problem the law was designed to address, and discuss how employment law has affected the workplace in the last two decades. BUS 415 Week 5 Discussion Question 1 Get Tutorial by Clicking on the link below or Copy Paste Link in Your......

Words: 1555 - Pages: 7

Hsa 500 Hsa500 Week 5 Discussion 1

...Course Disscussions and Assignments Click below link for Answer or visit www.workbank247.com Download all discussions here http://workbank247.com/q/hsa-500-complete-course-disscussions/9547 Download all assignments here http://workbank247.com/q/hsa-500-complete-course-assignments/9548 HSA 500 HSA500 Week 1 Discussion 1  "Optimizing Health Care by Use of Effective Management Strategies"  Please respond to the following: * Analyze the overall evolution of health care in the U.S. Provide at least two (2) specific examples of the changes that have occurred in the health care industry in the U.S. HSA 500 HSA500 Week 2 Discussion 1  "Classification of Health Care Technologies and Its Impact on Health Care"  Please respond to the following: * Analyze the major past to present transformations of technology in health care.  Specify at least three (3) types of technological advances that are essential to the provision of health care services in general. Justify your response. HSA 500 HSA500 Week 3 Discussion "Demographic Distribution, Mortality Trends, and Access to Health Care Services" Please respond to the following: * Analyze the demands and growing trends in new diseases (e.g., heart disease and cancer) affecting the present U.S. population. Summarize the impact of these demands on available health services. HSA 500 HSA500 Week 4 Discussion 1 "Financing Health Care in a Time of Insurance Restructuring" Please respond to the following: * Analyze......

Words: 2346 - Pages: 10

Acc 290 Week 5 Discussion Question 1

...ACC 290 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-290-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 5 DISCUSSION QUESTION 1 What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge? How are these different? How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser? What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly desirable and very expensive inventory, such as jewelry? Would this be different if the business had a less desirable and less expensive inventory? Explain why or why not. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 290 Week 5 Discussion Question 1 in order to ace their studies. ACC 290 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-290-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 5 DISCUSSION QUESTION 1 What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of...

Words: 1135 - Pages: 5

Acc 290 Week 5 Discussion Question 1

...ACC 290 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: HTTP://WWW.NERDYPUPIL.COM/PRODUCT/ACC-290-WEEK-5-DISCUSSION-QUESTION-1-2/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 5 DISCUSSION QUESTION 1 What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge? How are these different? How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser? What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly desirable and very expensive inventory, such as jewelry? Would this be different if the business had a less desirable and less expensive inventory? Explain why or why not. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 290 Week 5 Discussion Question 1 in order to ace their studies. ACC 290 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: HTTP://WWW.NERDYPUPIL.COM/PRODUCT/ACC-290-WEEK-5-DISCUSSION-QUESTION-1-2/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 5 DISCUSSION QUESTION 1 What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive......

Words: 761 - Pages: 4

Acc 340 Week 5 Discussion Question 1

...340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit......

Words: 540 - Pages: 3

Acc 340 Week 5 Discussion Question 1

...340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 5 DISCUSSION QUESTION 1 What is the difference between a general control and an application control? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 5 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit......

Words: 540 - Pages: 3

Acc 349 Week 5 Discussion Question 1

...ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 5 Discussion Question 1 in order to ace their studies. ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 5 Discussion Question 1 in order to ace their studies. ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or......

Words: 583 - Pages: 3

Acc 349 Week 5 Discussion Question 1

...ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 5 Discussion Question 1 in order to ace their studies. ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 5 Discussion Question 1 in order to ace their studies. ACC 349 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 5 DISCUSSION QUESTION 1 What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or......

Words: 583 - Pages: 3

Acc 375 Week 5 Discussion Question 1

...ACC 375 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 5 DISCUSSION QUESTION 1 Do you think that consumers hold companies responsible for their actions? Why is it important to have a corporate code of conduct? How does having a code of conduct influence the company’s reputation and culture? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 375 Week 5 Discussion Question 1 in order to ace their studies. ACC 375 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 5 DISCUSSION QUESTION 1 Do you think that consumers hold companies responsible for their actions? Why is it important to have a corporate code of conduct? How does having a code of conduct influence the company’s reputation and culture? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 375 Week 5 Discussion Question 1 in order to ace their studies. ACC 375 WEEK 5 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-375-week-5-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 375 WEEK 5 DISCUSSION QUESTION 1 Do you think that consumers hold companies responsible for their actions? Why is it important to......

Words: 701 - Pages: 3

Week 5 Discussion 1

...network from the perspective of the neighbors - Slow to converge - Susceptible to routing loops - Easy to configure administer - Consumes a lot of bandwidth Protocol of Routing Open Shortest Path First or OSPF behaves to the type of link state routing protocols. In this protocol all routers of network use a single database. A database describes, as well as what networks every router is related to. OSPF uses path cost as its basic routing metric. Basic routing metric allows taking into account the real carrying capacity using more effective routes. Descriptions: - синхронизация базы данных связей через 1 выделенный маршрутизатор - отсутствие ограничений на длину маршрута - периодический обмен только короткими сообщениями о связях маршрутизатора - при изменении связи уведомление посылается незамедлительно - synchronization of base of these connections through a 1 distinguished router - absence of limits on length of route - periodic exchange only by short reports about connections of router - at the change of connection notification is sent immediately For new LAN architecture I choose RIPv.2, because this network is small that and routing will be used primitive. Simplicity of development and tuning will be my choice at the construction of this network....

Words: 382 - Pages: 2