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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

## Resource: Microsoft Excel, Statistics Concepts and Descriptive

Measures Data Set

Choose:

Financial

## For each column, identify whether the data is qualitative or

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

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 (\$)

2694 25981 8774

## 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

## Resource: Microsoft Excel, Statistics Concepts and Descriptive

Measures Data Set

Choose:
Financial

quantitative.

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

Amoco 7 36287

Ashland 7 14319

Chevron 7 41950

CIGNA 6 14935

Cinergy 3 4353

Dillard's 1 6817

## Dow Chemical 2 20018

DPL 3 1356
E. I. DuPont DeNemours 2 46653

## 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.

## 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

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.

## 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

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.

## 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