STATISTICS FOR MANAGEMENT

Assignment-Set 1

Solution of:-CASE STUDY

TABLE –A

Months Monthly Minimum Balance In INR

A/C A/C A/C A/C A/C A/C A/C A/C A/C A/C
Holder Holder Holder Holder Holder Holder Holder Holder Holder Holder
1 2 3 4 5 6 7 8 9 10
jan,2008 60000 56000 66000 86000 56000 59000 59000 52000 53000 56000
feb,2008 70000 76000 74000 96000 76000 96000 78000 73000 98000 76000
mar,2008 55000 110000 112000 190000 110000 120000 115000 112000 113000 120000
apr,2008 90000 89000 90000 98000 89000 97000 87000 93000 66000 89000
may,200 56000 88000 84000 84000 88000 98000 90000 89000 87000 86000
8
jun,2008 80000 52000 57000 57000 52000 57000 55000 54000 59000 72000
jul,2008 82000 58000 96000 66000 58000 56000 86000 55000 98000 98000
aug,2008 79000 95000 55000 93000 95000 98000 99000 96000 59000 95000
sep,2008 51000 86000 76000 74000 86000 88000 89000 97000 87000 84000
oct,2008 95000 90000 95000 99000 90000 99000 95000 99000 95000 90000
nov,2008 82000 82000 87000 84000 82000 88000 87000 88000 86000 82000
dec,2008 83000 55000 56000 57000 55000 59000 59000 59000 52000 53000

Total 883000 937000 948000 1084000 937000 1015000 999000 967000 953000 1001000

Use the weighted method for solution.

1st a/c holder Wx=883000, W=12

W.Avg.=883000/12
= 73583
2nd a/c holder Wx=937000, W=12
W.Avg.=937000/12
=78083.33
3rd a/c holder Wx=948000, W=12
W.Avg.=948000/12
= 79000
4th a/c holder Wx=1084000, W=12
W.Avg.=883000/12
= 90333.33
5th a/c holder Wx=937000, W=12
W.Avg.=937000/12
 = 78083.33

6th a/c holder Wx=1015000, W=12

W.Avg.=1015000/12
= 84583.33
7th a/c holder Wx=999000, W=12
W.Avg.=999000/12
= 83250
8th a/c holder Wx=967000, W=12
W.Avg.=967000/12
= 80583.333
9th a/c holder Wx=953000, W=12
W.Avg.=953000/12
= 79416.667
10th a/c holder Wx=1001000, W=12
W.Avg.=1001000/12
= 83416.667

Table - B
Monthly
A/c Holder
Avg Balance
1st a/c holder 73583
2nd a/c holder 78083
3rd a/c holder 79000
4th a/c holder 90333
5th a/c holder 78083
6th a/c holder 84583
7th a/c holder 83250
8th a/c holder 80583
9th a/c holder 79416
10th a/c holder 83416

According to case ABC Branch of XYZ have decided to give 10 Lack of loan each on long
term basis to only two of their customer or accountholder, about 20 businessmen had
applied for loan in order to develop their business further. In order to reject some of the
application as (the fund was limited); the Bank decided that accountholder who had
maintained a minimum balance of 50000 INR would only be considered for the loan. As a
result, 10 applications were automatically rejected as they were not satisfying the
requirement of minimum balance. Now, the 10 applications remained and it was found
that monthly minimum balance in all the cases were more than 50000 INR for the last 12
month. If I were assistant manager XYZ Bank, I would select from remained 10
applications choose 4th and 6th A/c Holder for give loan .This is because they are only
eligible who are maintaining maximum balance more than remains Eight A/c Holder’s.
Only 4th and 6th A/c Holder has maximum average than remains eight A/c Holder. So, it
should be consider of them for give loan.