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Request	Info	or	call	us	at	6596	6596	About:	Overview	Topics	Costs	About:	*>	This	course	prepares	students	to	apply
statistics	and	probability	concepts	to	business	decisions.	Students	learn	important	criterion	for	developing	effective
research	questions,including	the	creation	of	appropriate	sampling	populations	and	instruments.	Other	topics	include:
descriptive	statistics,probability	concepts,confidence	intervals,sampling	designs,data	collection,and	data	analysis--
including	parametric	and	nonparametric	tests	of	hypothesis	and	regression	analysis.	This	graduate-level	course	is	6
This	course	is	available
Phoenix	University	Qnt
to	take	individually	or	To	enroll,speak	with	an	Enrollment	Representative.	Course	details:	Credits:	3	Continuing
education	units:	XX	Professional	development	units:	XX	Duration:	6	*>	topic	title	goes	here	Regression	and	Statistical
Quality	Control	Create	R,x	Ì,p,and	c	control	charts.	Analyze	and	measure	variation	among	manufactured	items	using
control	charts.	Explain	regression	analysis.	Use	Excel®	to	create	simple	linear	and	multiple	regression	models,interpret
the	Excel®	outputs,analyze	the	coefficient	of	determination	to	assess	modelâ​​s	strength	and	validity,and	analyze	the
models	to	make	predictions.	Explain	the	meaning	of	quality	in	business.	Probability	Distributions	Create	and	analyze
binomial	and	Poisson	discrete	probability	distributions,and	evaluate	how	one	can	make	managerial	decisions.	Analyze
normal	distributions	and	evaluate	how	they	are	used	for	making	managerial	decisions.	Understand	probability
distribution.	Understand	random	variables	and	its	types:	discrete	vs.continuous.	Create	probability	distributions	and
apply	the	concepts	of	mean	and	standard	deviation	of	probability	distributions	to	managerial	decisions	and	evaluate	the
results.	Sampling	Distributions	and	Confidence	Intervals	Apply	the	Central	Limit	Theorem	and	analyze	how	sampling
distributions	for	sample	means	are	used	to	make	managerial	decisions.	Contrast	normal	distributions	with	sampling
distributions.	Create	confidence	intervals,analyze	how	to	estimate	mean	and	proportion,and	evaluate	how	the	estimates
can	be	used	to	make	management	decisions.	Estimate	sample	size	necessary	to	accomplish	the	purpose	of	study.
Decision-Making	using	One-Sample	Hypothesis	Testing	Create	one-	and	two-tailed	statistical	hypotheses	for	one-sample
data.	Analyze	Type	I	and	Type	II	errors	and	evaluate	the	choice	of	significance	levels.	Apply	the	p-value	method	to	make
rejection/non-rejection	decisions	for	evaluating	the	claims	about	means,proportions,and	standard	deviations.	Decision-
Making	Using	Two-Sample	Hypothesis	Testing	and	ANOVA	Create	one-	and	two-tailed	statistical	hypotheses	for	two-
sample	independent	and	dependent	sample	data.	Apply	the	p-value	method	to	make	rejection/non-rejection	decisions	for
evaluating	the	claims	about	difference	of	means,proportions,and	variances.	Understand	the	difference	between	response
variables,independent	variables,and	treatments.	Apply	One-Way	Analysis	of	Variance	(ANOVA)	for	managerial	decisions
in	marketing,finance,and	human	resources.	Apply	Two-Way	Analysis	of	Variance	(ANOVA)	for	making	managerial
decisions	in	marketing,finance,and	human	resources.	Descriptive	Statistics	and	Managerial	Decision-Making	Understand
what	statistics	is	and	how	it	is
Qnt	561	Courses	Qnt561Dotcom
useful	for	making	managerial	decisions.	Understand	the	key	statistical	concepts:	population	vs.	sample,descriptive	vs.
inferential	statistics,parameter	vs.	statistic,variables,levels	of	measurement,and	qualitative	vs.	quantitative	data.	Analyze
various	measures	of	central	tendency:	mean,median,and	mode.	Analyze	measures	of	variation:	range,variance,standard
deviation,and	coefficient	of	variation.	Evaluate	skewness	of	a	distribution.	Analyze	percentiles,quartiles,and	the	Five-
Number	Summary.	Describe	what	probability	is	and	when	one	would	use	it.	Evaluate	probabilities	using	relative
frequency	approach.	*>	Tuition	for	individual	courses	varies.	For	more	information,please	call	or	chat	live	with	an
Enrollment	Representative.	Please	ask	about	these	special	rates:	Teacher	Rate:	For	some	courses,special	tuition	rates
are	available	for	current,certified	P-12	teachers	and	administrators.	Please	speak	with	an	Enrollment	Representative
today	for	more	details.	Military	Rate:	For	some	courses,special	tuition	rates	are	available	for	active	duty	military
members	and	their	spouses.	Please	speak	with	an	Enrollment	Representative	today	for	more	details.	CHAT	6596	6596	*>
The	University	of	Phoenix	reserves	the	right	to	modify	courses.	While	widely	available,not	all	programs	are	available	in
all	locations	or	in	both	online	and	on-campus	formats.	Please	check	with	a	University	Enrollment	Representative.
Transferability	of	credit	is	at	the	discretion	of	the	receiving	institution.	It	is	the	student’s	responsibility	to	confirm
whether	or	not	credits	earned	at	University	of	Phoenix	will	be	accepted	by	another	institution	of	the	student’s	choice.
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