EXCEL EXERCISE WEEK 3For this exercise please refer to the downloaded Excel Workbook (See Excel Workbook Instructions) from the JB Learning website with your access code. Please upload your answers as an excel file with properly labeled answers. At the end of the chapter 5 workbook you will find Practice problems. Please answer in excel only under practice problems 5.4 questions: 1, 2, 3, 4, 5. If help is needed, tutorials are found in the workbook with relevant problems.Note: These pictures will give you an idea where it is in the workbook. You are responsible to use the workbook.

The U.S. government keeps statistics on many people in America. One interesting statistic is the poverty rate. To be living in poverty, one must earn income below a certain threshold (approximately $900 per month). Many multimillionaires are included in this statistic. Recently, Barbara Streisand was "living in poverty." In a particular year, she did not perform live, and her album sales were extremely slow. She has a great deal of wealth but had little income that year. Although she has more money than 99.99% of the rest of the population, the government believed that she was impoverished. What other statistic can you name that is misleading? Why?

Purpose of Assignment The purpose of this assignment is to develop students' analytical capabilities to evaluate, analyze, and apply descriptive statistics techniques to real-world datasets. Assignment Steps Resources: Microsoft Excel®, Case Study: MBA Schools in Asia-Pacific Review the Case Study: MBA Schools in Asia-Pacific and the Case Study: MBA Schools in Asia-Pacific data set. Prepare a 1,050-word managerial report for your boss. Answer each question Use the following questions for guidelines and directions on what to include in the report: What is the type of data (Quantitative or Qualitative) for each of the columns (variables) in the dataset? If quantitative, is the data discrete or continuous? Neatly summarize your response in a table for all the columns (variables). Using Excel®, find the mean, median, standard deviation, minimum, maximum, and the three quartiles for each of the quantitative variables identified in part 1 above. Neatly summarize in a table on this document. Comment on what you observe. What are the minimum and maximum full-time enrollments? Which schools have the minimum and maximum full-time enrollments? What is the average number of students per faculty member? Is this low or high? What does this mean to prospective applicants who are interested in pursuing an MBA in one of the leading international business schools? What are the mean, median, and modal ages? What does this mean to prospective applicants? What is the mean percentage of foreign students? How many and which schools have 1% and 0% foreign students? Which schools have highest percentage of foreign students? Please state these percentages. What percentage of schools require the GMAT test? What percentage of schools require English tests such as Test of English as a Foreign Language (TOEFL)? What percentage of schools require work experience? From this percentage, does this appear to be a significant factor in gaining admissions? What are the mean and median starting salaries? Which schools have the minimum and maximum starting salaries? How much are these minimum and maximum salaries? What are the mean tuition for foreign students and for local students? Does there appear to be a significant difference? What is the difference between the two means? How many schools require work experience and how many of them don't? What is the mean starting salary for schools requiring work experience? What is the mean starting salary for schools requiring no work experience? How many schools require English tests and how many don't? What is the mean starting salary for schools requiring English tests? What is the mean starting salary for schools requiring no English tests? Comment on the skewness for the data on starting salaries: Plot a histogram and determine the skewness. Find the skewness coefficient. Find the mean, median, and mode for starting salaries and compare the three measures to determine skewness. Finally, use Empirical Rule on the starting salaries and determine whether the salaries follow the Empirical Rule. Format your assignment consistent with APA format. Click the Assignment Files tab to submit your assignment.