Mathematics
QNT275 University of Phoenix Business Research Questions Presentation

QNT275

University of Phoenix

Question Description

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Hi, Please make separate answers with the APA guidelines, read below and do the 5 homework in separate pages. I. Purpose of Assignment The purpose of this assignment is to have students demonstrate mastery of the foundational concepts that set the stage for the remainder of the course. Students apply those concepts to business research questions or problem situations to focus their thinking on statistical literacy for use in business decision-making. Assignment Steps Resources: Week 1 Readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office® website. There are also additional tutorials via the web that offer support for office products. Develop a 1,050-word response addressing each of the following prompts: • Define statistics with citation and reference. • Contrast quantitative data and qualitative data. Use two peer reviewed references. • Evaluate tables and charts used to represent quantitative and qualitative data. • Describe the levels of data measurement. • Describe the role of statistics in business decision-making. • Provide at least two business research questions, or problem situations, in which statistics was used or could be used. Use two peer reviewed references. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. II. Purpose of Assignment This assignment provided students with practice in understanding the relationship of averages and standard deviation to make an informed business decision about the gross income performance of each movie genre. Students will learn to implement the use of these statistical measures for better business decision-making. Resources: Week 2 Videos; Week 2 Readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Assignment Steps Refer to Mini-Project Movie Data Set. Analyze and write a report summarizing this data. This report should include answers to at least the following questions: 1. Calculate the summary measures (the mean, standard deviation, five-number summary, and interquartile range) of the total gross income for each movie genre. 2. Which genre had greater variability in total gross income? Explain why. 3. Draw a box-and-whisker plot of a movie's length of time (minutes) by genre. Are there any differences in movie lengths when compared across genres? Are there any outliers? Use the mean movie gross income for each genre to compare the movie opening gross income. Choose an appropriate statistical measure to compare the consistency of movie gross income. Make the calculations and write a 700-word report comparing the total movie gross income and the consistency of movie opening gross by genre. Format your assignment consistent with APA guidelines. III. Purpose of Assignment The purpose of this assignment is to provide students the opportunity to demonstrate mastery of their ability to apply statistical concepts to business situations to inform data-driven decision-making. The project is a 3-week project, with part 1 in Week 3, part 2 in Week 4, and part 3 in Week 5. In Week 3, students identify the organization, problem, research variable, methods for collecting data, and show mastery of validity and reliability as applied to datacollection methods. Resources: Week 3 Videos; Week 3 Readings; Statistic Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Assignment Steps Identify a business problem or opportunity at a company where you work or with which you are familiar. This will be a business problem you use for the individual assignments in Weeks 35. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the problem/opportunity better. Identify a research variable within the problem/opportunity that could be measured with some type of data collection. Consider methods for collecting a suitable sample of either qualitative or quantitative data for the variable. Consider how you will know if the data collection method would be valid and reliable. Develop a 1,050-word analysis to describe a company, problem, and variable including the following in your submission: • Identify the name and description of the selected company. • Describe the problem at that company. • Identify one research variable from that problem. Describe the methods you would use for collecting a suitable sample of either qualitative or quantitative data for the variable (Note: do not actually collect any data). • Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data). Format your assignment consistent with APA guidelines. IV. Purpose of Assignment This assignment provides students with practice in understanding how to develop a hypothesis and interpret its findings. Students will learn to implement the use of these statistical measures for better business decision-making. Assignment Steps Resources: Week 4 Videos; Week 4 Readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. 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 a 1,050-word report in which you: • Identify which types of descriptive statistics might be best for summarizing the data, if you were to collect a sample. • Analyze which types of inferential statistics might be best for analyzing the data, if you were to collect a sample. • Analyze the role probability or trend analysis might play in helping address the business problem. • Analyze the role linear regression for trend analysis might play in helping address the business problem. • Analyze the role a time series might play in helping address the business problem. Format your assignment consistent with APA guidelines. V. Purpose of Assignment This assignment provides students with practice in understanding when or why ANOVA and linear regression are identified based on parameters. Students will learn to implement these statistical measures for better business decision-making. Assignment Steps Resources: Week 5 Videos; Week 5 Readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3-4. Include on the slides what you would want the audience to see (include appropriate visual aids/layout) and include in the speaker's notes section what you would say as you present each slide. If any source material is quoted or paraphrased in the presentation, use APA citations and references. Draw on material you developed in the Week's 3 and 4 assignments. Include the following in your presentation: • Introduction slide • Agenda slide • Describe the organization, with a brief description • Explain the business problem or opportunity • Describe the hypothesis • Analyze why the business problem is important • Identify what variable would be best to measure for this problem and explain why • Identify statistical methods used to analyze data • Apply data analysis techniques to this problem (tell which techniques should be used: descriptive statistics, inferential stats, probability) and explain why • Apply a possible solution to the problem/opportunity, with rationale • Evaluate how data could be used to measure the implementation of such a solution • Conclusion • Reference slide (if any source material is quoted or paraphrased throughout the presentation) Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. Present your presentation in class. ...
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Running head: DATA COLLECTION AND ANALYSIS

Data Collection and Analysis
Name
Institution

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DATA COLLECTION AND ANALYSIS

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Identify which types of descriptive statistics might be best for summarizing the data,
if you were to collect a sample.
Research involves some key considerations which provide a better environment where it is
much easy to understand key underlying issues that are being considered in a given research
environment. Therefore, in effectively analyzing a research problem, it is important to understand
that the outcomes are obtained and described in the most significant way to allow for better
interpretation. Descriptive statistics, therefore, plays a crucial role in ensuring that a given research
problem is effectively visualized and provide a better environment where the problem can be
understood from an actual perspective. There are some descriptive statistical methods that can be
effectively used to provide a better environment where the research problem can be effectively
understood.
Descriptive statistics in will incorporate qualitative data. Qualitative research is a
significant statistical research technique that is more concerned with developing explanations of
social phenomena and has a non-positivist perspective. Thus, the emphasis of the qualitative
technique is more on general characteristics of certain phenomena that are being considered by the
researcher. Qualitative research provides a significant visual understanding of major
characteristics that are considered in a given study, and thus it provides a better environment where
quantitative research can be developed effectively and ensure that the interpretations that are made
from quantitative research make sense when compared to the qualitative interpretation made
(Neuman, 2016).
The descriptive analysis, therefore, will provide a better environment where key underlying
aspects regarding the problem within the Auto Springs manufacturing firm. The descriptive
analysis, therefore, provides a significant focus based on qualitative data obtained from the study.

DATA COLLECTION AND ANALYSIS

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Thus, the main focusing on the central tendency of measures to understand the trend of the research
outcome will do the analysis of descriptive data. Thus, maximum attention will be given to the
mean and median of these distributions. The qualitative data will be presented in the form of graphs
and tables for easy interpretation. The graphs will provide significant information involving the
trend since it is much easier to understand the distribution (Neuman, 2016).
The application of the qualitative research depends on what the researcher aims at
identifying although it is applied in most cases since it has a very significantly important visual
output regarding different variables it can also be applied in situations where a researcher seeks to
understand the perspective of the people they are studying.
Analyze which types of inferential statistics might be best for analyzing the data, if
you were to collect a sample.
Inferential statistics focuses on understanding about a given hypothesized understanding
about the research in question, and thus it involves incorporation of statistical tools, which are
incorporated to find the desired results relating to the organizational problem that is being
investigated. Therefore, in effectively analyzing a given problem, it is important to understand the
key statistical tool to incorporate since different statistical tests are applied under varying
considerations. Therefore a research should significant understand what statistical tool to
incorporate in a given study to ensure that the results that are being obtained are valid and reliable
where the Auto Springs Manufacturing firm can focus on them to return to significant profitable
levels (Dörnyei, 2007).
Inferential statistics employs the use of quantitative data thus focusing more on quantitative
research. Quantitative research involves significant issues where a study seeks to create an
understanding the various assumptions that have been developed in a given study. Thus, it involves

DATA COLLECTION AND ANALYSIS

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a cycle of successive phases of hypothesis formulation. Data collection, analysis, and interpretation
to prove the assumption that has been developed in a given study. Quantitative research thus is
more concerned with making predictions and test hypothesis that have already been stated (Jaggia
et.al, 2016).
The inferential data in this research is aimed at creating a better understanding of the
hypothesis that has been developed which reflect the study research question that is being
investigated. Therefore, the most important inferential statistical tests that will be incorporated will
include parametric tests since there exists prior information, which the study is aiming to approve
or disapprove. Thus, the best parametric statistical tests that will provide a better picture of the
hypothesis that is being considered in the study will be correlation and regression analysis. These
two statistical tests that work closely to provide significant information regarding the relation of
the variable are being investigated. It is also important to note that when using regression analysis
it is much easier to control the extraneous variables and thus be in a position to obtain true results
(Treiman, 2014).
The focus on both correlation and regression will provide a better understanding of the
variables that are being considered in the study. The study, therefore, aims at understanding the
relationship between the independent variables and the dependents variable, which is sales.
Therefore, correlation and regression will be able to provide a better environment where the
relationship between the dependent and independent variables can be based. Regression analysis
will be able to provide a significant model, which will include all the variables, and thus it will
provide a better environment where the company will be able to consider in seeking to understand
the future patterns in order to make better plans for the future, which will have positive engagement
(Jaggia et.al, 2016).

DATA COLLECTION AND ANALYSIS

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Analyze the role probability or trend analysis might play in helping address the
business problem.
Conducting trend analysis is an important consideration in this case since it seeks at
creating a better environment where the company will be able to understand how certain variables
have been significantly influencing its sales. It will also be able to understand the future patterns
of the variable that are being considered to help the Auto Springs Manufacturing company to make
better decisions which can positively influence the performance of the company. Trend analysis,
therefore, can be achieved by considering the regression model which provides a better
understanding on how each of the variables that are being considered in this case influence sales.
Analyze the role linear regression for trend analysis might play in helping address the
business problem.
Linear regression for trend analysis provides a...

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