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QRB 501 UOP Course,QRB 501 UOP Materials,QRB 501 UOP Homework

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<strong>QRB</strong> <strong>501</strong> Week 5 Summary<br />

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<strong>QRB</strong> <strong>501</strong> Week 4 Summary<br />

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<strong>QRB</strong> <strong>501</strong> Week 6 Learning Team Assignment Executive Management<br />

Presentation<br />

<strong>QRB</strong> <strong>501</strong> Week 6 Learning Team Assignment Executive Management<br />

Presentation<br />

Prepare a 10- to 12-slide presentation for the Executive Management Team<br />

Assignment of your company in which you:<br />

• Include a description of the current inventory system.<br />

• Include the raw data used.<br />

• Generate a frequency distribution of the data using Microsoft® Excel®.<br />

• Generate a normal distribution of the data using Microsoft® Excel®.<br />

• Compare the mode, median, and mean of the data.<br />

• Compare the range with the standard deviation of the data.<br />

Include speaker notes in which you explain:<br />

• How the frequency distribution might be used to better understand and improve<br />

the inventory system.


• How the normal distribution might be used to better understand and improve the<br />

inventory system.<br />

• Which measure of central tendency most accurately depicts the inventory data.<br />

• Which measure of dispersion most accurately depicts the inventory data.<br />

Format your presentation consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 6 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 6 DQ 2<br />

What skills do managers need today? Are these skills different from management<br />

skills of 50 years ago? Why?<br />

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<strong>QRB</strong> <strong>501</strong> Week 6 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 6 DQ 1<br />

What are the elements of a decision? How does statistical decision theory<br />

differ in conditions of certainty and uncertainty? When making a decision,<br />

can doing nothing be a valid alternative? Why? Please remember to cite your<br />

sources<br />

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<strong>QRB</strong> <strong>501</strong> Week 5 Learning Team Assignment Inventory Proposal Part III<br />

<strong>QRB</strong> <strong>501</strong> Week 5 Learning Team Assignment Inventory Proposal Part III<br />

Select an inventory management problem that applies to your work or<br />

personal life.<br />

Finish Preparing a project proposal in which you now:<br />

• Use seasonal indices to analyze the inventory data.<br />

• Use the slope-intercept formula to determine the annual increase in inventory.<br />

• Provide monthly seasonal indices for the given data.<br />

• Identify the busy months of year.<br />

• Identify the slow months of year.<br />

Construct a histogram of the inventory data using Microsoft® Excel®.<br />

Forecast the future inventory costs using time value of money concepts.<br />

Format your proposal consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 5 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 5 DQ 2<br />

What is the middle? If we have student scores of 4.0, 3.7, 3.7, 3.7, and 1.0, the<br />

average would be 3.2, whereas both the median and the mode would be 3.7. Is<br />

one of them truly in the middle? How dispersed is this list? That is, how much


do the scores vary from the middle? Consider a routine task you do daily.<br />

Which matters most, the average time it takes to complete the task or the most<br />

frequent amount of time? How much does the time spent on the task vary?<br />

How would you go about finding the middle of the process?<br />

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<strong>QRB</strong> <strong>501</strong> Week 5 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 5 DQ 2<br />

What is the middle? If we have student scores of 4.0, 3.7, 3.7, 3.7, and 1.0, the<br />

average would be 3.2, whereas both the median and the mode would be 3.7. Is<br />

one of them truly in the middle? How dispersed is this list? That is, how much<br />

do the scores vary from the middle? Consider a routine task you do daily.<br />

Which matters most, the average time it takes to complete the task or the most<br />

frequent amount of time? How much does the time spent on the task vary?<br />

How would you go about finding the middle of the process?<br />

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<strong>QRB</strong> <strong>501</strong> Week 5 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 5 DQ 1<br />

Does all statistical data have a mean, median, or mode? Why? When is the<br />

mean the best measure of central tendency? When is the median the best<br />

measure of central tendency?<br />

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<strong>QRB</strong> <strong>501</strong> Week 4 Learning Team Assignment Inventory Proposal Part II<br />

<strong>QRB</strong> <strong>501</strong> Week 4 Learning Team Assignment Inventory Proposal Part II<br />

Select an inventory management problem that applies to your work or<br />

personal life.<br />

Continue Preparing a project proposal in which you now:<br />

Convert time series data collected in Week Two to seasonal indices. You may<br />

choose to use the University of Phoenix Material: Summer Historical Inventory<br />

Data or University of Phoenix Material: Winter Historical Inventory Data if the<br />

data you collected is insufficient.<br />

Format your proposal consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 4 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 4 DQ 2<br />

Often in personal finance we want to know what our $1 investment today will<br />

be worth in 20 years. In business however, there is more concern with<br />

answering the question, “If I receive $100 in 5 years, what is that worth<br />

today?” To answer this question, modify the formula fv = pv*((1+i)^n) and<br />

use the reciprocal. Simply stated, the reciprocal of a number is 1 divided by<br />

the number; the reciprocal of 10, for example, is 1/10. In the formula above,<br />

we divide both sides by ((1+i)^n), which creates a new formula where the fv is<br />

multiplied by the reciprocal of the original: fv*(1/((1+i)^n))=pv. Select an<br />

interest rate and number of periods—be sure your numbers are different<br />

from other students who already answered this question—to calculate the<br />

present value of $100 received in the future. What would the value of $100 in


the future be today given the interest rate and number of periods you<br />

selected?<br />

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<strong>QRB</strong> .<strong>501</strong> Week 4 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 4 DQ 1<br />

How do you apply the time value of money concept to make decisions in your<br />

personal life? How might you use the Time Value of Money concept as a<br />

quantitative reasoning tool in business?<br />

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<strong>QRB</strong> <strong>501</strong> Week 3 Summary<br />

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<strong>QRB</strong> <strong>501</strong> Week 3 Learning Team Assignment Inventory Proposal Part I<br />

<strong>QRB</strong> <strong>501</strong> Week 3 Learning Team Assignment Inventory Proposal Part ISelect<br />

an inventory management problem that applies to your work or personal life.<br />

Prepare a project proposal in which you:<br />

Describe the organization, the inventory problem it faces, and the expected benefits<br />

that are motivating the organization to implement a solution<br />

Format your proposal consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 3 Individual Assignment Forecasting With Indices<br />

<strong>QRB</strong> <strong>501</strong> Week 3 Individual Assignment Forecasting with Indices<br />

Select one organization from either your Week Two Learning Team<br />

Assignment assignment, University of Phoenix Material: Summer Historical<br />

Inventory Data, or University of Phoenix Material: Winter Historical<br />

Inventory Data to complete this assignment.<br />

Convert the data from your chosen source into an index.<br />

Use the time series data from your index to forecast inventory for next year.<br />

Format your assignment consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 3 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 3 DQ 2<br />

What is the purpose of using correlation analysis? How might correlation<br />

analysis be used in business decisions or in strategy formulation and<br />

implementation? How might correlation analysis be misused to explain a<br />

cause-and-effect relationship?<br />

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<strong>QRB</strong> <strong>501</strong> Week 3 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 3 DQ 1


Why are graphs and charts used to represent information? What distinguishes a<br />

histogram from a bar chart? What are some examples of grouped and ungrouped<br />

data? What would be the most appropriate graphical representation to show the<br />

dispersion of new home prices in a particular area? Why?<br />

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<strong>QRB</strong> <strong>501</strong> Week 2 Summary<br />

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<strong>QRB</strong> <strong>501</strong> Week 2 Learning Team Assignment Inventory Systems Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 2 Learning Team Assignment Inventory Systems Summary<br />

Write a summary which includes:<br />

250- to 350-word description of each inventory system.<br />

350- to 700-word comparison describing the advantages and disadvantages of<br />

each system.<br />

Format your summary consistent with APA guidelines.<br />

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<strong>QRB</strong> <strong>501</strong> Week 2 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 2 DQ 2


Access http://www.conference-board.org/economics/ConsumerConfidence.cfm.<br />

This is an index based on how people feel about the economy. All indexes are<br />

created in a similar fashion. A base is first selected. In this case, the base was<br />

1985 and set at 100. Thus, if the index was at 57.2 in May 2008, and in<br />

October 1992 the index was at 54.6, are people feeling better or worse in 2008<br />

than they did in 1992? If the index was at 62.8 in April 2008, what does that<br />

mean for May 2008?<br />

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<strong>QRB</strong> <strong>501</strong> Week 2 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 2 DQ 1<br />

What is forecasting? What information is forecasted at your organization? Which<br />

forecasting methods are used at your organization? What information at your<br />

organization is not currently being forecasted that could be forecasted to increase<br />

productivity or decrease waste?<br />

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<strong>QRB</strong> <strong>501</strong> Week 1 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 1 Summary<br />

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<strong>QRB</strong> <strong>501</strong> Week 1 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 1 DQ 2


When using the formula NI = [U * (P-VCu)] – FC, in which order must you<br />

complete the calculation? Why does the order of operations matter?<br />

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<strong>QRB</strong> <strong>501</strong> Complete <strong>Course</strong><br />

<strong>QRB</strong> <strong>501</strong> Complete <strong>Course</strong><br />

<strong>QRB</strong> <strong>501</strong> Week 1 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 1 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 1 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 2 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 2 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 2 Learning Team Assignment Inventory Systems Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 2 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 3 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 3 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 3 Individual Assignment Forecasting with Indices<br />

<strong>QRB</strong> <strong>501</strong> Week 3 Learning Team Assignment Inventory Proposal Part I<br />

<strong>QRB</strong> <strong>501</strong> Week 3 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 4 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 4 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 4 Learning Team Assignment Inventory Proposal Part II<br />

<strong>QRB</strong> <strong>501</strong> Week 4 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 5 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 5 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 5 Learning Team Assignment Inventory Proposal Part III<br />

<strong>QRB</strong> <strong>501</strong> Week 5 Summary<br />

<strong>QRB</strong> <strong>501</strong> Week 6 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 6 DQ 2<br />

<strong>QRB</strong> <strong>501</strong> Week 6 Learning Team Assignment Executive Management<br />

Presentation<br />

<strong>QRB</strong> <strong>501</strong> Week 6 Summary


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<strong>QRB</strong> <strong>501</strong> Week 1 DQ 1<br />

<strong>QRB</strong> <strong>501</strong> Week 1 DQ 1<br />

In management, how important is it to learn to use mathematics to solve<br />

problems? How valuable is an MBA degree without the ability to identify and<br />

calculate the cost of a company’s capital, its return on investment, gross<br />

margin percentage, break-even point, or what percent of a population would<br />

be willing to buy its product?<br />

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