QNT351 Business Decision Making Project

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Mathematics

qnt351

Description

Resource: Business Decision Making Project – Part 2 Grading Guide (attached)

Purpose of Assignment

The purpose of this assignment is for students to build upon the problem or opportunity identified in Part 1 in Week 3. In this part, students will identify the appropriate numerical and graphical techniques of descriptive statistics learned in Weeks 2 and 3 and apply them to further studying their problem or the opportunity. Additionally, students will gain experience in using basic concepts of probability to their research.

Assignment Steps

Use the same business problem/opportunity and research variable you wrote about in Week 3.

Note: Do not actually collect any data; think hypothetically.

Develop an analysis in which you:

Add this content to your Week 3 paper:

  • Identify the types of descriptive statistics (numerical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Identify the types of descriptive statistics (graphical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Analyze the role probability (for example, expected values or finding the probability of incurring a loss, etc.) might play in helping address the business problem.

Format your paper consistent with APA guidelines.

Unformatted Attachment Preview

Measures of Relative Standing and Probability Distribution Problem Set Grading Guide QNT/351 Version 6 Quantitative Analysis for Business Copyright Copyright © 2017, 2016, 2014 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. Measures of Relative Standing and Probability Distribution Problem Set Grading Guide QNT/351 Version 6 Learning Team Assignment: Measures of Relative Standing and Probability Distribution Problem Set Purpose of Assignment The purpose of this assignment is to provide practice on probability and measures of relative standing so students can use these skills for their Signature Assignments. Resources Required Microsoft® Excel® and Student Resources Guide Grading Guide Content Met Partially Met Not Met Total Available Total Earned 80 #/80 80 #/80 The students completed Question 1. The students completed Question 2. The students completed Question 3. The students completed Question 4. The students completed Question 5. The students completed Question 6. Assignment Total Additional comments: # Comments: 2
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Explanation & Answer

Attached.

Business Decision Making Project- Week 3 Part 2
Name
Course
Institution

The research variable identified in part 1 was with regards to the problem of fake news in
Facebook. The variable of interest was therefore “the number of fake news articles appearing on
a daily Facebook user’s account in a day”. Based on data collected on the variable for a period of
90 days, analysis would be carried out to determine if there was a gradual decline in the number
of fake news articles, and from the an...

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