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QNT 561 Assignment Statistics

Concepts and Descriptive Measures


Instructions (Consumer Food)
For more classes visit
www.snaptutorial.com

Purpose of Assignment

The purpose of this assignment to orient students to the key concepts in


statistics. This assignment will introduce students to the language of
statistics. Students will also get a chance to warm-up on evaluating
some basic descriptive statistics using Excel prior to the course start.

Assignment Steps

This assignment has an Excel dataset spreadsheet attached.

Resource: Microsoft Excel, Statistics Concepts and Descriptive


Measures Data Set

Download the Statistics Concepts and Descriptive Measures Data Set.

Choose:

Financial

Answer each of the following in a total of 90 words:

For each column, identify whether the data is qualitative or


quantitative.
Identify the level of measurement for the data in each column.

For each column containing quantitative data:

Evaluate the mean and median

Interpret the mean and median in plain non-technical terms

Use the Excel =AVERAGE function to find the mean

Use the Excel =MEDIAN function to find the median

For each column containing quantitative data:

Evaluate the standard deviation and range

Interpret the standard deviation and range in plain non-technical


terms

Use the Excel =STDEV.S function to find the standard deviation

For range (maximum value minus the minimum value), find the
maximum value using the Excel =MAX function and find the minimum
value using the Excel's =MIN function

Annual Food Spending ($) Annual Household Income ($) Non


mortgage household debt ($)

8909 56697 23180

5684 35945 7052

10706 52687 16149

14112 74041 21839

13855 63182 18866

15619 79064 21899


2694 25981 8774

9127 57424 15766

13514 72045 27685

6314 38046 8545

7622 52408 28057

4322 41405 6998

3805 29684 4806

6674 49246 13592

7347 41491 4088

2911 26703 15876

8026 48753 16714

8567 55555 16783

10345 71483 21407

8694 50980 19114

8821 46403 7817

8678 51927 14415

14331 84769 17295

9619 59062 16687

9286 57952 14161

8206 58355 19538


16408 81694 15187

12757 69522 14651

17740 96132 0

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QNT 561 Assignment Statistics
Concepts and Descriptive Measures
Instructions (Financial Data)
For more classes visit
www.snaptutorial.com

Purpose of Assignment

The purpose of this assignment to orient students to the key concepts in


statistics. This assignment will introduce students to the language of
statistics. Students will also get a chance to warm-up on evaluating
some basic descriptive statistics using Excel prior to the course start.

Assignment Steps

This assignment has an Excel dataset spreadsheet attached.

Resource: Microsoft Excel, Statistics Concepts and Descriptive


Measures Data Set

Download the Statistics Concepts and Descriptive Measures Data Set.

Choose:
Financial

Answer each of the following in a total of 90 words:

For each column, identify whether the data is qualitative or


quantitative.

Identify the level of measurement for the data in each column.

For each column containing quantitative data:

Evaluate the mean and median

Interpret the mean and median in plain non-technical terms

Use the Excel =AVERAGE function to find the mean

Use the Excel =MEDIAN function to find the median

For each column containing quantitative data:

Evaluate the standard deviation and range

Interpret the standard deviation and range in plain non-technical


terms

Use the Excel =STDEV.S function to find the standard deviation

For range (maximum value minus the minimum value), find the
maximum value using the Excel =MAX function and find the minimum
value using the Excel's =MIN function

Company Type Total Revenues

AFLAC 6 7251

Albertson's 4 14690

Allstate 6 20106
Amerada Hess 7 8340

American General 6 3362

American Stores 4 19139

Amoco 7 36287

Arco Chemical 2 3995

Ashland 7 14319

Atlantic Richfield 7 19272

Bausch & Lomb 5 1916

Baxter International 5 6138

Bristol-Myers Squibb 5 16701

Burlington Coat 1 1777

Central Maine Power 3 954

Chevron 7 41950

CIGNA 6 14935

Cinergy 3 4353

Dayton Hudson 1 27757

Dillard's 1 6817

Dominion Resources 3 7678

Dow Chemical 2 20018

DPL 3 1356
E. I. DuPont DeNemours 2 46653

Eastman Chemical 2 4678

Edison International 3 9235

Engelhard 2 3631

Entergy 3 9562

Equitable 6 9666

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QNT 561 Case Study MBA Schools


in Asia Pacific
For more classes visit
www.snaptutorial.com

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.

Use the following questions for guidelines and directions on what to


include in the report:

1. 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).
2. 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.

3. What are the minimum and maximum full-time enrollments?


Which schools have the minimum and maximum full-time enrollments?

4. 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?

5. What are the mean, median, and modal ages? What does this
mean to prospective applicants?

6. 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.

7. What percentage of schools require the GMAT test?

8. What percentage of schools require English tests such as Test of


English as a Foreign Language (TOEFL)?

9. What percentage of schools require work experience? From this


percentage, does this appear to be a significant factor in gaining
admissions?

10. 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?

11. 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?
12. 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?

13. 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?

14. Does there appear to be a correlation between age and starting


salaries? Comment on the strength and the direction of the correlation.

15. Comment on the skewness for the data on starting salaries:

1. Plot a histogram and determine the skewness.

2. Find the skewness coefficient.

3. Find the mean, median, and mode for starting salaries and
compare the three measures to determine skewness.

16. Finally, use Empirical Rule on the starting salaries and


determine whether the salaries follow the Empirical Rule.

The pursuit of a higher education degree in business is now


international. A survey shows more and more Asians choose the master
of business administration (MBA) degree route to corporate success. As
a result, the number of applicants for MBA courses at Asia-Pacific
schools continues to increase.

Across the region, thousands of Asians show an increasing willingness


to temporarily shelve their careers and spend two years in pursuit of a
theoretical business qualification. Courses in these schools are
notoriously tough and include statistics, economics, banking, marketing,
behavioral sciences, labor relations, decision making, strategic thinking,
business law, and more.

After your MBA, you get a job at Bloomberg in its media


division, Bloomberg Business. Your division publishes reviews and
rankings for business schools in the US and internationally. Because of
your strong analytical education from University of Phoenix, your boss
assigns you to work on preparing an analysis for data gathered for
leading business schools in the Asia-Pacific. The data set in the
Excel file shows some of the characteristics of the leading Asia-Pacific
business schools.

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