Description
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.
Create a summary for your boss.
Use the following questions for guidelines and directions on what to include in the narrative (Please create a text box within Microsoft Excel to complete this objective):
- 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.
Click the Assignment Files tab to submit your Microsoft Excel data spreadsheet assignment.
class textbook
Black, K. (2017). Business Statistics: For Contemporary Decision Making, 9th Edition. [Bookshelf Online]. Retrieved from https://bookshelf.vitalsource.com/#/books/97811193...
Explanation & Answer
Attached.
Business School
Melbourne Business School
University of New South Wales (Sydney)
Indian Institute of Management (Ahmedabad)
Chinese University of Hong Kong
International University of Japan (Niigata)
Asian Institute of Management (Manila)
Indian Institute of Management (Bangalore)
National University of Singapore
Indian Institute of Management (Calcutta)
Australian National University (Canberra)
Nanyang Technological University (Singapore)
University of Queensland (Brisbane)
Hong Kong University of Science and Technology
Macquarie Graduate School of Management (Sydney)
Chulalongkorn University (Bangkok)
Monash Mt. Eliza Business School (Melbourne)
Asian Institute of Management (Bangkok)
University of Adelaide
Massey University (Palmerston North, New Zealand)
Royal Melbourne Institute of Technology
Jamnalal Bajaj Institute of Management Studies (Bombay)
Curtin Institute of Technology (Perth)
Lahore University of Management Sciences
Universiti Sains Malaysia (Penang)
De La Salle University (Manila)
Full-Time
Enrollment
200
228
392
90
126
389
380
147
463
42
50
138
60
12
200
350
300
20
30
30
240
98
70
30
44
165.16
126
12
463
43
126
270
Students
per
Faculty
5
4
5
5
4
5
5
6
8
2
5
17
2
8
7
13
10
19
15
7
9
15
14
5
17
8.48
7
2
19
5
7
13.5
Local
Foreign
Tuition Tuition
($)
($)
24,420
29,600
19,993
32,582
4,300
4,300
11,140
11,140
33,060
33,060
7,562
9,000
3,935
16,000
6,146
7,170
2,880
16,000
20,300
20,300
8,500
8,500
16,000
22,800
11,513
11,513
17,172
19,778
17,355
17,355
16,200
22,500
18,200
18,200
16,426
23,100
13,106
21,625
13,880
17,765
1,000
1,000
9,475
19,097
11,250
26,300
2,260
2,260
3,300
3,600
12374.9 16581.8
11513
17765
1000
1000
33060
33060
5223
8750
11513
17765
17263.5
22650
mode
Age %Foreign GMAT
28
47
Yes
29
28
Yes
22
0
No
29
10
Yes
28
60
Yes
25
50
Yes
23
1
Yes
29
51
Yes
23
0
No
30
80
Yes
32
20
Yes
32
26
No
26
37
Yes
34
27
No
25
6
Yes
30
30
Yes
29
90
No
30
10
No
37
35
No
32
30
No
24
0
No
29
43
Yes
23
2.5
No
32
15
No
28
3.5
Yes
28.36
28.08
29
27
22
0
37
90
25
4.75
29
27
31
45
29
English
Work
Test
Experience
No
Yes
No
Yes
No
No
No
No
Yes
No
No
Yes
No
No
Yes
Yes
No
No
Yes
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Ye...
Review
Review
