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Words 316

Pages 2

Quantitative Reasoning

University of Phoenix

Quantitative Reasoning

Decision making for planning, management, and policy formulations relies increasingly on quantitative reasoning, which entails the collection, analysis and interpretation of data. Mathematics plays a huge part in quantitative reasoning but quantitative reasoning is still a skill with practical applications. From my readings, quantitative reasoning can be applied to daily contexts such as understanding the power of compound interest or the uses and abuses of percentages. Quantitative reasoning could also be used for statistical analysis to gauge the accuracy of a statistical study.

While Quantitative Reasoning is not the most important component in a masters level education, it is however important for college students to become competent in quantitative reasoning. Many courses do not dive deep into sophisticated math skills but quantitative reasoning should give the student math tools to understand, interpret, critique, challenge and draw conclusions.

As I pursue my masters’ degree I feel that the course in quantitative reasoning will prepare me in many of my other classes. The course has provided many examples of how quantitative reasoning is used with many different problems that one could be confronted with in the business world. Such problems include; what is our return on investment for this project? What price should we set to increase revenue? How much product must we sell to make a profit? Will offering our product in different models increase sales? There are many or situations where quantitative reasoning could be used, this is a list of just a few.

I have no reservations in saying that the quantitative reason course will be a challenging course to say the least. But I also must say that what this class will prepare me…...

...Reasoning for Business 1 Quantitative Reasoning for Business Torry Dulaney University of Phoenix Reasoning for Business 2 Quantitative Reasoning for Business Upon first glance at the Quantitative Reasoning for Business Overview, I was initially like a deer caught in headlights. What did I sign up for? But after research, I found out that my reaction was not unusual for nonmathematical majors. If you haven’t noticed yet math was not one of my favorite courses. However, upon further review the QRB is essential in preparing for future courses in economics, finance, accounting, operations and research. QRB focuses on practical applications of mathematics, in college, career and life. The QRB topics include, for example, income taxes, statistical reasoning, mathematics, voting theory, and exponential growth. Using and understanding the QRB will assist me in being successful in math in the rapidly changing workforce. The QRB should improve my critical thinking and problem solving skills. It also should prepare me to identify and intelligently face problems that I may encounter in my daily life that require quantitative reasoning. “With quantitative reasoning skills, one can integrate deductive logic aspects from multiple knowledge dimensions into program evaluation and research” (Patton...

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...After reviewing the Quantitative Reasoning for Business (QRB) Overview document, I can be broadly categorized as techniques of management science—a field melding portions of economics, financial, accounting and operation and research into a pragmatic effort to help an aid into the decisions making process. As an area of study, these QRB are often identified by giving the fundamentals needed (stepping stones) to apply to each class thereafter. In solving a problem, I might consider both qualitative and quantitative factors. For example, in term of economics, a variety of quantitative techniques have been developed to forecast future values. Future sales are the most important variable in business forecasts. Unit sales establish levels for most business activities— from purchasing and production to marketing—and knowledge about sales is a prerequisite to the budgetary and planning process. In term of financial, I might consider different investment alternatives, including certificates of deposit at a bank, investments in the stock market, and an investment in real estate. I can use quantitative analysis to determine how much my investment will be worth in the future when deposited at a bank at given interest rate for a certain number of years. In term of accounting, quantitative analysis can also be used in computing financial ratios from the balance sheets for several companies whose stock I am considering. Some real estate companies have developed computer programs that......

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...QRB 501( Quantitative Reasoning for Business) All Week 1- 6 - Individual and Team Assignment and DQs Click Link below To Purchase: http://homework-aid.com/QRB-501-Quantitative-Reasoning-for-Business-All-Weeks-1-6-486.htm?categoryId=-1 QRB 501 Week 1 Individual Assignment - Order of Operations and Dependent and Independent Variables Individual Assignment: Order of Operations and Dependent and Independent Variables. Complete in one file please and title each response with the text, the chapter, and the question. This format applies to all assignments in subsequent weeks. • Complete the following order of operations questions: o McConnell & Brue text • Ch. 7, study question 12 • Ch. 8, study questions 2 and 11 • Ch. 20, study question 2 • Ch. 22, study question 7 o Marshall, McManus, & Viele text • Ch. 3, exercise E3.6 • Complete the following dependent and independent variables question from the Horngren text: o Ch. 2, question 2B2 QRB 501 Week 2 Individual Assignment - Levels of Measurement, Simultaneous Equations, and Time Series Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series. Complete in one file please and title each response with the text, the chapter, and the question. Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series • Complete the following levels of measurement question from the Lind,......

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...Quantitative Reasoning 1. Create two sets. Set A will be the list of the five items you personally need to buy the most (essential items). Set B will be the list of the five items that you want to buy the most (fun stuff). ANSWER: A = {CAR, GAS, WATER, FOOD, HOUSE} B = {CAR, COMPUTER, IPOD, HOUSE, TV} 2. List the items in Set A and Set B, and also list or state the items in the union and in the intersection of Set A and Set B. ANSWER: UNION = {CAR, GAS, WATER, FOOD, HOUSE, COMPUTER, IPOD, TV} INTERSECTION = {CAR, HOUSE} 3. Now assume that the prices of the items in your set A are 20, 40, 60, 70 and 80. Assume that the prices of the items in your set B are 90, 120, 30, 60 and 40. Note: if you have one or two identical items in both sets, then assume that the prices of the identical items are the same as the prices that appear in set A (instead of having two different prices to the same item.) ANSWER: A = {(CAR, $20) (GAS, $40) (WATER, $60) (FOOD, $70) (HOUSE, $80)} B = {(CAR, $20) (COMPUTER, $90) (IPOD, $120) (HOUSE, $80) (TV, $30)} 4. What will the total cost of Set A be if it contains one unit of each item? ANSWER: $270 5. What will the total cost of the union set be if it contains one unit of each item? ANSWER: UNION SET = $20 + $40 + $60 + $70 + $120 + $80 +$30 = $420 6. What will be the total cost of the intersection? ANSWER: ...

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...QRB 501( Quantitative Reasoning for Business) All Week 1- 6 - Individual and Team Assignment and DQs Click Link below To Purchase: http://homework-aid.com/QRB-501-Quantitative-Reasoning-for-Business-All-Weeks-1-6-486.htm?categoryId=-1 QRB 501 Week 1 Individual Assignment - Order of Operations and Dependent and Independent Variables Individual Assignment: Order of Operations and Dependent and Independent Variables. Complete in one file please and title each response with the text, the chapter, and the question. This format applies to all assignments in subsequent weeks. • Complete the following order of operations questions: o McConnell & Brue text • Ch. 7, study question 12 • Ch. 8, study questions 2 and 11 • Ch. 20, study question 2 • Ch. 22, study question 7 o Marshall, McManus, & Viele text • Ch. 3, exercise E3.6 • Complete the following dependent and independent variables question from the Horngren text: o Ch. 2, question 2B2 QRB 501 Week 2 Individual Assignment - Levels of Measurement, Simultaneous Equations, and Time Series Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series. Complete in one file please and title each response with the text, the chapter, and the question. Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series • Complete the following levels of measurement question from the Lind, Marchal, &......

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...QRB 501( Quantitative Reasoning for Business) All Week 1- 6 - Individual and Team Assignment and DQs Click Link below To Purchase: http://homework-aid.com/QRB-501-Quantitative-Reasoning-for-Business-All-Weeks-1-6-486.htm?categoryId=-1 QRB 501 Week 1 Individual Assignment - Order of Operations and Dependent and Independent Variables Individual Assignment: Order of Operations and Dependent and Independent Variables. Complete in one file please and title each response with the text, the chapter, and the question. This format applies to all assignments in subsequent weeks. • Complete the following order of operations questions: o McConnell & Brue text • Ch. 7, study question 12 • Ch. 8, study questions 2 and 11 • Ch. 20, study question 2 • Ch. 22, study question 7 o Marshall, McManus, & Viele text • Ch. 3, exercise E3.6 • Complete the following dependent and independent variables question from the Horngren text: o Ch. 2, question 2B2 QRB 501 Week 2 Individual Assignment - Levels of Measurement, Simultaneous Equations, and Time Series Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series. Complete in one file please and title each response with the text, the chapter, and the question. Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series • Complete the following levels of measurement question from the Lind, Marchal, &......

Words: 661 - Pages: 3

...QRB 501( Quantitative Reasoning for Business) All Week 1- 6 - Individual and Team Assignment and DQs Click Link below To Purchase: http://homework-aid.com/QRB-501-Quantitative-Reasoning-for-Business-All-Weeks-1-6-486.htm?categoryId=-1 QRB 501 Week 1 Individual Assignment - Order of Operations and Dependent and Independent Variables Individual Assignment: Order of Operations and Dependent and Independent Variables. Complete in one file please and title each response with the text, the chapter, and the question. This format applies to all assignments in subsequent weeks. • Complete the following order of operations questions: o McConnell & Brue text • Ch. 7, study question 12 • Ch. 8, study questions 2 and 11 • Ch. 20, study question 2 • Ch. 22, study question 7 o Marshall, McManus, & Viele text • Ch. 3, exercise E3.6 • Complete the following dependent and independent variables question from the Horngren text: o Ch. 2, question 2B2 QRB 501 Week 2 Individual Assignment - Levels of Measurement, Simultaneous Equations, and Time Series Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series. Complete in one file please and title each response with the text, the chapter, and the question. Individual Assignment: Levels of Measurement, Simultaneous Equations, and Time Series • Complete the following levels of measurement question from the Lind, Marchal, &......

Words: 661 - Pages: 3

Words: 661 - Pages: 3

...QRB 501 (Quantitative Reasoning For Business) Entire Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/QRB-501-Quantitative-Reasoning-For-Business-Full-Class-A-5435454.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com WEEK 1 Week 1 Summary Week one was an eye opener for me, after being out of contact with mathematical equations since my last statistics class a refresher week is just what I needed. My main focus was correctly following the order of operations while solving equations. During our practice quiz in MyMathLab I quickly realized I was doing something wrong. After checking with our text book I found out I was not following the correct format when I was addressing the equations. Division is first, then anything in the parenthesis and then from left to right (I hope I got this right). This week also help me better understand the formulation for simple interest, rate of return on assets (ROA), the components of the GDP equation as well as how inflation rates are determined and the equation to find them. All in all this week has been filled with excitement, wonder and refreshment for myself and I hope the next 5 weeks keep up the same pace. I enjoy learning mathematical equations, terms and trying to apply what I have learned. I might not be the brightest when it comes to math but I will give it my all. Week 1 DQ 1 The purpose of this DQ is to provide more information on......

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...QRB 501 (Quantitative Reasoning For Business) Entire Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/QRB-501-Quantitative-Reasoning-For-Business-Full-Class-A-5435454.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com WEEK 1 Week 1 Summary Week one was an eye opener for me, after being out of contact with mathematical equations since my last statistics class a refresher week is just what I needed. My main focus was correctly following the order of operations while solving equations. During our practice quiz in MyMathLab I quickly realized I was doing something wrong. After checking with our text book I found out I was not following the correct format when I was addressing the equations. Division is first, then anything in the parenthesis and then from left to right (I hope I got this right). This week also help me better understand the formulation for simple interest, rate of return on assets (ROA), the components of the GDP equation as well as how inflation rates are determined and the equation to find them. All in all this week has been filled with excitement, wonder and refreshment for myself and I hope the next 5 weeks keep up the same pace. I enjoy learning mathematical equations, terms and trying to apply what I have learned. I might not be the brightest when it comes to math but I will give it my all. Week 1 DQ 1 The purpose of this DQ is to provide more information on......

Words: 3229 - Pages: 13

...QRB 501 (Quantitative Reasoning For Business) Entire Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/QRB-501-Quantitative-Reasoning-For-Business-Full-Class-A-5435454.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com WEEK 1 Week 1 Summary Week one was an eye opener for me, after being out of contact with mathematical equations since my last statistics class a refresher week is just what I needed. My main focus was correctly following the order of operations while solving equations. During our practice quiz in MyMathLab I quickly realized I was doing something wrong. After checking with our text book I found out I was not following the correct format when I was addressing the equations. Division is first, then anything in the parenthesis and then from left to right (I hope I got this right). This week also help me better understand the formulation for simple interest, rate of return on assets (ROA), the components of the GDP equation as well as how inflation rates are determined and the equation to find them. All in all this week has been filled with excitement, wonder and refreshment for myself and I hope the next 5 weeks keep up the same pace. I enjoy learning mathematical equations, terms and trying to apply what I have learned. I might not be the brightest when it comes to math but I will give it my all. Week 1 DQ 1 The purpose of this DQ is to provide more information on......

Words: 3229 - Pages: 13

Words: 3229 - Pages: 13

Words: 3229 - Pages: 13

...QRB/501 – Quantitative Reasoning for Business University of Phoenix Inventory Proposal This proposal is for a solution for an inventory problem within an organization. The details of the organization’s business operations are established and the problem identified so a potential solution may be formulated and proposed. The expected benefits to the organization are also examined as the motivation for implementation. Additionally, an inventory index is used to compare and contrast historical trends leading to the inventory problem and supporting evidence is presented through a histogram and slope-intercept calculations. Organization Vertical Entertainment (VE) is a fireworks wholesaler headquartered in Austin, Texas. VE has been in business since 2005 and provides fireworks products through business-to-business and business-to-consumer channels. The organization’s key segments are the small-box retailers and fireworks display companies. The small-box retailers account for increased volume during the summer months (e.g. 4th of July) whereas the fireworks display companies purchase goods year-round. In recent years VE has expanded to direct sales via the company website. Inventory Problem VE purchases all firework inventories directly from China and they arrive in roughly 12 weeks. Product backorder usually result in lost sales because most events are time specific. The main inventory......

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...QRB/501 Final Exam | User | 9018561413 | First Name | VALERYE | Last Name | ROGERS | Confirmation # | 20708496 | Score | 47.22 | Total Questions: | 36 | Total Correct | 17 | Start: | 5/20/2012 10:30:57 AM | End: | 5/20/2012 11:48:46 AM | Here is some additional information on items you missed: Topic: [New Question] Topic: Write mathematical expressions and equations for word problems. Readings: Refer to Week One materials | Topic: [New Question] Topic: Write mathematical expressions and equations for word problems. Readings: Refer to Week One materials | Topic: [New Question] Topic: Apply the rules for order of operations, including exponents, in solving problems. Readings: Refer to Week One materials | Topic: [New Question] Topic: Apply the rules for order of operations, including exponents, in solving problems. Readings: Refer to Week One materials | Topic: [New Question] Topic: Identify dependent and independent variables and their relationships. Readings: Refer to Week One materials | Topic: [New Question] Topic: Identify dependent and independent variables and their relationships. Readings: Refer to Week One materials | Topic: [New Question] Topic: Solve simultaneous equations algebraically. Readings: Refer to Week Two materials | Topic: [New Question] Topic: Solve simultaneous equations algebraically. Readings: Refer to Week Two materials | Topic: [New Question] Topic: Convert data to indices. Readings: Refer to......

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