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Business School Full-Time Enrollment

Melbourne Business School 200


University of New South Wales (Sydney) 228
Indian Institute of Management (Ahmedabad) 392
Chinese University of Hong Kong 90
International Univeristy of Japan (Niigata) 126
Asian Institute of Management (Manila) 389
Indian Institute of Management (Bangalore) 380
National University of Singapore 147
Indian Institute of Management (Calcutta) 463
Australian National University (Canberra) 42
Nanyang Technological University (Singapore) 50
University of Queensland (Brisbane) 138
Honk Kong University of Science & Technology 60
Macquarie Graduate School of Management (Sydney) 12
Chulalongkorn University (Bangkok) 200
Monash Mt. Eliza Business School (Melbourne) 350
Asian Institute of Management (Bangkok) 300
University of Adelaide 20
Massey Univerisy (Palmerston North, New Zealand) 30
Royal Melbourne Institute of Technology Business Graduate School 30
Jamanlal Bajaj Institute of Management Studies (Mumbai) 240
Curtin Institute of Technology (Perth) 98
Lahore Univeristy of Management Sciences 70
Universiti Sains Malaysia (Penang) 30
De La Salle University (Manila) 44
Students per Faculty Local Tution ($) Foreign Tution ($) Age %Foreign
5 24,420 29,600 + 47
4 19,993 32,582 29 28
5 4,300 4,300 22 0
5 11,140 11,140 29 10
4 33,060 33,060 28 60
5 7,562 9,000 25 50
5 3,935 16,000 23 1
6 6,146 7,170 29 51
8 2,880 16,000 23 0
2 20,300 20,300 30 80
5 8,500 8,500 32 20
17 16,000 22,800 32 26
2 11,513 11,513 26 37
8 17,172 19,778 34 27
7 17,355 17,355 25 6
13 16,200 22,500 30 30
10 18,200 18,200 29 90
19 16,426 23,100 30 10
15 13,106 21,625 37 35
7 13,880 17,765 32 30
9 1,000 1,000 24 0
15 9,475 19,097 29 43
14 11,250 26,300 23 2.5
5 22,260 2,260 32 15
17 3,300 3,600 28 3.5
GMAT English Test Work Experience Starting Salary ($)
Yes No Yes 71400
Yes No Yes 65200
No No No 7100
Yes No No 31000
Yes Yes No 87000
Yes No Yes 22800
Yes No No 7500
Yes Yes Yes 43300
No No No 7400
Yes Yes Yes 46600
Yes No Yes 49300
No No Yes 49600
Yes No Yes 34000
No No Yes 60100
Yes No Yes 17600
Yes Yes Yes 52500
No Yes Yes 25000
No No Yes 66000
No Yes Yes 41400
No Yes Yes 48900
No No Yes 7000
Yes No Yes 55000
No No No 7500
No Yes Yes 16000
Yes No Yes 13100
Business School Full-Time Enrollment
Macquarie Graduate School of Management (Sydney) 12
University of Adelaide 20
Massey Univerisy (Palmerston North, New Zealand) 30
Royal Melbourne Institute of Technology Business Graduate School 30
Universiti Sains Malaysia (Penang) 30
Australian National University (Canberra) 42
De La Salle University (Manila) 44
Nanyang Technological University (Singapore) 50
Honk Kong University of Science & Technology 60
Lahore Univeristy of Management Sciences 70
Chinese University of Hong Kong 90
Curtin Institute of Technology (Perth) 98
International Univeristy of Japan (Niigata) 126
University of Queensland (Brisbane) 138
National University of Singapore 147
Melbourne Business School 200
Chulalongkorn University (Bangkok) 200
University of New South Wales (Sydney) 228
Jamanlal Bajaj Institute of Management Studies (Mumbai) 240
Asian Institute of Management (Bangkok) 300
Monash Mt. Eliza Business School (Melbourne) 350
Indian Institute of Management (Bangalore) 380
Asian Institute of Management (Manila) 389
Indian Institute of Management (Ahmedabad) 392
Indian Institute of Management (Calcutta) 463
Total Sum: 4129

Range : 451
Mean: 165.16

Meadian: 126
Mode: 30
Quartile 1: 44
Quartile 2: 126
Quartile 3: 240
Interquartile 196
Variance: 19836.2233333333
standard deivation: 140.8411279894
coefficient of variation: 85.2755679277
Chebyshevs Theoram :

306.0011279894 mean + 1sd


24.3188720106 mean-1sd
446.84 mean+2sd
-116.52 mean-2sd
Deviation about the mean
(Xi-mean) Deviation^2 Gmat
-153.16 23457.9856
-145.16 21071.4256
-135.16 18268.2256
-135.16 18268.2256
-135.16 18268.2256
-123.16 15168.3856
-121.16 14679.7456
-115.16 13261.8256
-105.16 11058.6256
-95.16 9055.4256
-75.16 5649.0256
-67.16 4510.4656
-39.16 1533.5056
-27.16 737.6656
-18.16 329.7856
34.84 1213.8256
34.84 1213.8256
62.84 3948.8656
74.84 5601.0256
134.84 18181.8256
184.84 34165.8256
214.84 46156.2256
223.84 50104.3456
226.84 51456.3856
297.84 88708.6656
476069.36

0.4

0.35

0.3

0.25

0.2

0.15 Column H
0.1

0.05

0
0.05

This Histogram is right skewed which means that out of top 25 B


schools of Asia, maximum schools have enrollment between 12 to 60
and there is no school with enrollment between 403-451 and only 1
school with enrollment lying between 256-353 and 403-451.
relative
frequency
Range Frequendistribution Z Score
12-60 9 0.36 -1.0874664396
61-109 3 0.12 -1.0306648496
109-157 3 0.12 -0.9596628622
157-206 2 0.08 -0.9596628622
207-255 2 0.08 -0.9596628622
256-304 1 0.04 -0.8744604773
305-353 1 0.04 -0.8602600798
354-402 3 0.12 -0.8176588873
403-451 0 0 -0.7466568999
452-500 1 0.04 -0.6756549124
Sum 25 1 -0.5336509376
-0.4768493476
-0.2780437828
-0.1928413979
-0.1289396092
0.2473709242
0.2473709242
0.446176489
0.531378874
0.9573907986
1.3124007358
1.5254066981
1.5893084868
1.610609083
2.1147231938

Z score of -1.08 shows


that enrollment of 12
is farthest from the
mean .
Outliers:

Column H
top 25 B
ween 12 to 60
1 and only 1
451.
Business School
Melbourne Business School
University of New South Wales (Sydney)
Indian Institute of Management (Ahmedabad)
Chinese University of Hong Kong
International Univeristy 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)
Honk Kong University of Science & 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 Univerisy (Palmerston North, New Zealand)
Royal Melbourne Institute of Technology Business Graduate School
Jamanlal Bajaj Institute of Management Studies (Mumbai)
Curtin Institute of Technology (Perth)
Lahore Univeristy of Management Sciences
Universiti Sains Malaysia (Penang)
De La Salle University (Manila)
Total sum:
Mean:
Sample covariance:
Variance:
Standard deviation:
Correlation coefficient:
coefficient of variance

Correlation Coefficient:
As we see that value of correlation coeeficent is positive , that is
greater than zero so we can conclude that there is a positive linear
relation between the local fees and foreign fees of
B Schools i.e if prices of local fee is increased so is the price for
foreign fee and vice versa.

18000
16581.8
16000
14000

12000
18000
16581.8
16000
14000
12000

10000
8000 16581.8
13174.92
6000
4000
2000

0
Mean:
Deviation around foreign
Foreign Tution ($) Local Tution ($) fee
29,600 24,420 13,018
32,582 19,993 16,000
4,300 4,300 -12,282
11,140 11,140 -5,442
33,060 33,060 16,478
9,000 7,562 -7,582
16,000 3,935 -582
7,170 6,146 -9,412
16,000 2,880 -582
20,300 20,300 3,718
8,500 8,500 -8,082
22,800 16,000 6,218
11,513 11,513 -5,069
19,778 17,172 3,196
17,355 17,355 773
22,500 16,200 5,918
18,200 18,200 1,618
23,100 16,426 6,518
21,625 13,106 5,043
17,765 13,880 1,183
1,000 1,000 -15,582
19,097 9,475 2,515
26,300 11,250 9,718
2,260 22,260 -14,322
3,600 3,300 -12,982
414,545 329,373
16581.8 13174.92
47377519.5666667
83445411.6666667 59645671.8266667
9134.8460122033 7723.0610399418
0.6715550535
55.0895922771 58.61941507

:
is positive , that is
re is a positive linear Interpretation of Sample covariance : (Sxy) :
es of We see SC as positive which shows that forieign and local
fees are positively linearlly related.
so is the price for

35,000

30,000

25,000

20,000
Column
15,000

10,000
25,000

20,000
Column
15,000

10,000

5,000
16581.8
13174.92
0
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000
Deviation around Deviation for Deviation for local
local fee D*E foreign ^2 ^2 Z Score
11,245 146390700.456 169473531.24 126451824.2064
6,818 109090643.616 256006400.04 46486214.8864
-8,875 108999992.456 150842611.24 78764205.0064
-2,035 11073627.656 29613187.24 4140899.4064
19,885 327670325.256 271531075.24 395416406.6064
-5,613 42556036.856 57483691.24 31504870.9264
-9,240 5375785.45599999 338491.239999999 85376121.6064
-7,029 66154789.256 88581979.24 49405716.3664
-10,295 5989584.45599999 338491.239999999 105985377.8064
7,125 26492472.456 13825011.24 50766765.0064
-4,675 37781768.456 65315491.24 21854877.0064
2,825 17566912.456 38666011.24 7981077.0064
-1,662 8423940.096 25692733.44 2761978.0864
3,997 12775467.096 10215694.44 15976648.5264
4,180 3232037.856 597838.240000001 17473068.8064
3,025 17903028.456 35025091.24 9151109.0064
5,025 8131584.456 2618571.24 25251429.0064
3,251 21191189.656 42486931.24 10569521.1664
-69 -347577.344 25433866.24 4749.9664
705 834250.656 1399962.24 497137.8064
-12,175 189707168.456 242792491.24 148228677.0064
-3,700 -9306038.784 6326231.04 13689408.0064
-1,925 -18706757.544 94443411.24 3705317.0064
9,085 -130114698.744 205113955.24 82538678.6064
-9,875 128194236.456 168527131.24 97514045.0064
1137060469.6 2002689880 1431496123.84

of Sample covariance : (Sxy) :


which shows that forieign and local
rlly related.

Column C
Column C

5,000 20,000 25,000 30,000 35,000


Business School Starting Salary ($)
Indian Institute of Management (Ahmedabad) 7100
Chinese University of Hong Kong 31000
International Univeristy of Japan (Niigata) 87000
Indian Institute of Management (Bangalore) 7500
Indian Institute of Management (Calcutta) 7400
Lahore Univeristy of Management Sciences 7500
Total Sum: 147500
Melbourne Business School 71400
University of New South Wales (Sydney) 65200
Asian Institute of Management (Manila) 22800
National University of Singapore 43300
Australian National University (Canberra) 46600
Nanyang Technological University (Singapore) 49300
University of Queensland (Brisbane) 49600
Honk Kong University of Science & Technology 34000
Macquarie Graduate School of Management (Sydney) 60100
Chulalongkorn University (Bangkok) 17600
Monash Mt. Eliza Business School (Melbourne) 52500
Asian Institute of Management (Bangkok) 25000
University of Adelaide 66000
Massey Univerisy (Palmerston North, New Zealand) 41400
Royal Melbourne Institute of Technology Business Graduate School 48900
Jamanlal Bajaj Institute of Management Studies (Mumbai) 7000
Curtin Institute of Technology (Perth) 55000
Universiti Sains Malaysia (Penang) 16000
De La Salle University (Manila) 13100
Total Sum: 784800

The difference between mean of People having work ex and no work ex is : 16721.9298245614

SD for both groups with and without work ex is greater


than the mean which means that are hypothesis that
people with work ex are paid higher salary is false and e
cannot rely on data given and depict relation between
salary and work ex.
Mean
45000
40000
35000
30000
25000
Mean

20000
15000
10000
5000
0
Work Ex
Work Experience Mean Range

No
24583.3333333333 79900

Yes 41305.2631578947 64400

Hypothesis: People with work


ex are given higher salary
Devaition Devaition^2 Variance SD
-17483.333333333 305666944.444444
6416.6666666667 41173611.1111111
62416.6666666667 3895840277.77778
-17083.333333333 291840277.777778 1024325666.66667 32005.09
-17183.333333333 295266944.444444
-17083.333333333 291840277.777778
5121628333.33333
30094.7368421053 905693185.595568
23894.7368421053 570958448.753462
-18505.263157895 342444764.542936
1994.7368421053 3978975.06925206
5294.7368421053 28034238.2271468
7994.7368421053 63915817.1745152
8294.7368421053 68802659.2797783
-7305.2631578947 53366869.8060942
18794.7368421053 353242132.963989
-23705.263157895 561939501.385042
378409415.204678 19452.75
11194.7368421053 125322132.963989
-16305.263157895 265861606.6482
24694.7368421053 609830027.700831
94.7368421053 8975.0692520769
7594.7368421053 57680027.700831
-34305.263157895 1176851080.33241
13694.7368421053 187545817.174515
-25305.263157895 640356343.490305
-28205.263157895 795536869.806094
6811369473.68421
Business School Starting Salary ($)
Melbourne Business School 71400
University of New South Wales (Sydney) 65200
Indian Institute of Management (Ahmedabad) 7100
Chinese University of Hong Kong 31000
Asian Institute of Management (Manila) 22800
Indian Institute of Management (Bangalore) 7500
Indian Institute of Management (Calcutta) 7400
Nanyang Technological University (Singapore) 49300
University of Queensland (Brisbane) 49600
Honk Kong University of Science & Technology 34000
Macquarie Graduate School of Management (Sydney) 60100
Chulalongkorn University (Bangkok) 17600
University of Adelaide 66000
Jamanlal Bajaj Institute of Management Studies (Mumbai) 7000
Curtin Institute of Technology (Perth) 55000
Lahore Univeristy of Management Sciences 7500
De La Salle University (Manila) 13100
International Univeristy of Japan (Niigata) 87000
National University of Singapore 43300
Australian National University (Canberra) 46600
Monash Mt. Eliza Business School (Melbourne) 52500
Asian Institute of Management (Bangkok) 25000
Massey Univerisy (Palmerston North, New Zealand) 41400
Royal Melbourne Institute of Technology Business Graduate School 48900
Universiti Sains Malaysia (Penang) 16000
Total Sum: 932300
Mean 38845.8333333333
sample covariance 2598.5
Variance: 552851597.945602
Standard deviation: 23512.7964722532
Correlation coefficient: 0.2321264382
coefficient of variance 60.5284903287

1.2

0.8

0.6
f(x)==0.0541289232
R 4.72165580119512E-06x + 0.14392
0.4 R = 0.0541289232

0.2

0
0 10000 20000 30000 40000 5000
f(x)==0.0541289232
R 4.72165580119512E-06x + 0.14392
0.4 R = 0.0541289232

0.2

0
0 10000 20000 30000 40000 5000
English Test Deviation around salarDeviation around englist tD*E
0 32554.1666666667 -0.32 -10417.3
0 26354.1666666667 -0.32 -8433.33
0 -31745.8333333333 -0.32 10158.67
0 -7845.8333333333 -0.32 2510.667
0 -16045.8333333333 -0.32 5134.667
0 -31345.8333333333 -0.32 10030.67
0 -31445.8333333333 -0.32 10062.67
0 10454.1666666667 -0.32 -3345.33
0 10754.1666666667 -0.32 -3441.33
0 -4845.8333333333 -0.32 1550.667
0 21254.1666666667 -0.32 -6801.33
0 -21245.8333333333 -0.32 6798.667
0 27154.1666666667 -0.32 -8689.33
0 -31845.8333333333 -0.32 10190.67
0 16154.1666666667 -0.32 -5169.33
0 -31345.8333333333 -0.32 10030.67
0 -25745.8333333333 -0.32 8238.667
1 48154.1666666667 0.68 32744.83
1 4454.1666666667 0.68 3028.833
1 7754.1666666667 0.68 5272.833
1 13654.1666666667 0.68 9284.833
1 -13845.8333333333 0.68 -9415.17
1 2554.1666666667 0.68 1736.833
1 10054.1666666667 0.68 6836.833
1 -22845.8333333333 0.68 -15535.2
8 62364
0.32

0.2266666667
0.4760952286

148.779758928

salary vs
English Test

English Test
Linear (English Test)
Linear (English Test)
0.0541289232
4.72165580119512E-06x + 0.1439200119
0.0541289232

20000 30000 40000 50000 60000 70000 80000 90000 100000


Linear (English Test)
0.0541289232
4.72165580119512E-06x + 0.1439200119
0.0541289232

20000 30000 40000 50000 60000 70000 80000 90000 100000


(Deviation around salary (Deviation around englist test)*2
1059773767.36111 0.1024
694542100.694444 0.1024
1007797934.02778 0.1024
61557100.6944445 0.1024
257468767.361111 0.1024
982561267.361111 0.1024
988840434.027778 0.1024
109289600.694444 0.1024
115652100.694444 0.1024
23482100.6944445 0.1024
451739600.694444 0.1024
451385434.027778 0.1024
737348767.361111 0.1024
1014157100.69444 0.1024
260957100.694444 0.1024
982561267.361111 0.1024
662847934.027778 0.1024
2318823767.36111 0.4624
19839600.6944444 0.4624
60127100.6944444 0.4624
186436267.361111 0.4624
191707100.694445 0.4624
6523767.3611111 0.4624
101086267.361111 0.4624
521932100.694445 0.4624
13268438350.6944 5.44
Business School Students per Faculty
Jamanlal Bajaj Institute of Management Studies (Mumbai) 9
Indian Institute of Management (Ahmedabad) 5
Indian Institute of Management (Calcutta) 8
Indian Institute of Management (Bangalore) 5
Lahore Univeristy of Management Sciences 14
De La Salle University (Manila) 17
Universiti Sains Malaysia (Penang) 5
Chulalongkorn University (Bangkok) 7
Asian Institute of Management (Manila) 5
Asian Institute of Management (Bangkok) 10
Chinese University of Hong Kong 5
Honk Kong University of Science & Technology 2
Massey Univerisy (Palmerston North, New Zealand) 15
National University of Singapore 6
Australian National University (Canberra) 2
Royal Melbourne Institute of Technology Business Graduate School 7
Nanyang Technological University (Singapore) 5
University of Queensland (Brisbane) 17
Monash Mt. Eliza Business School (Melbourne) 13
Curtin Institute of Technology (Perth) 15
Macquarie Graduate School of Management (Sydney) 8
University of New South Wales (Sydney) 4
University of Adelaide 19
Melbourne Business School 5
International Univeristy of Japan (Niigata) 4

Total Sum: 212


Mean 8.48
Sample Covairnace 887.3333333333
Variance: 25.5933333333
Standard deviation: 5.0589854055
Correlation coefficient: 0.008781849
coefficient of variance 59.6578467633
coefficient of DETERMI

student per faculty vs salary

100000
90000
80000
70000 Starting Salary ($)
60000 Linear (Starting Salary ($))
50000
40000
100000
90000
80000
70000 Starting Salary ($)
60000 Linear (Starting Salary ($))
50000
40000
30000 f(x) = 34.670487106x + 36997.994269341
20000 R = 5.59008412159834E-05
10000
0
0 2 4 6 8 10 12 14 16 18 20
Starting Salary ($) deviation around stdeviation around(stdnts-mean)^
7000 0.52 -30292 0.2704
7100 -3.48 -30192 12.1104
7400 -0.48 -29892 0.2304
7500 -3.48 -29792 12.1104
7500 5.52 -29792 30.4704
13100 8.52 -24192 72.5904
16000 -3.48 -21292 12.1104
17600 -1.48 -19692 2.1904
22800 -3.48 -14492 12.1104
25000 1.52 -12292 2.3104
31000 -3.48 -6292 12.1104
34000 -6.48 -3292 41.9904
41400 6.52 4108 42.5104
43300 -2.48 6008 6.1504
46600 -6.48 9308 41.9904
48900 -1.48 11608 2.1904
49300 -3.48 12008 12.1104
49600 8.52 12308 72.5904
52500 4.52 15208 20.4304
55000 6.52 17708 42.5104
60100 -0.48 22808 0.2304
65200 -4.48 27908 20.0704
66000 10.52 28708 110.6704
71400 -3.48 34108 12.1104
87000 -4.48 49708 20.0704

932300 614.24
37292

398909894.666667
19972.728773672

53.5576766429

lary

Starting Salary ($)


Linear (Starting Salary ($))
Starting Salary ($)
Linear (Starting Salary ($))
(sal-mean)^2 (stdnts-mean)*(sal-mean)
917605264 -15751.84
911556864 105068.16
893531664 14348.16
887563264 103676.16
887563264 -164451.84
585252864 -206115.84
453349264 74096.16
387774864 29144.16
210018064 50432.16
151093264 -18683.84
39589264 21896.16
10837264 21332.16
16875664 26784.16
36096064 -14899.84
86638864 -60315.84
134745664 -17179.84
144192064 -41787.84
151486864 104864.16
231283264 68740.16
313573264 115456.16
520204864 -10947.84
778856464 -125027.84
824149264 302008.16
1163355664 -118695.84
2470885264 -222691.84

9573837472 21296
Business School Starting Salary ($) Age
Melbourne Business School 71400 28
University of New South Wales (Sydney) 65200 29
Indian Institute of Management (Ahmedabad) 7100 22
Chinese University of Hong Kong 31000 29
International Univeristy of Japan (Niigata) 87000 28
Asian Institute of Management (Manila) 22800 25
Indian Institute of Management (Bangalore) 7500 23
National University of Singapore 43300 29
Indian Institute of Management (Calcutta) 7400 23
Australian National University (Canberra) 46600 30
Nanyang Technological University (Singapore) 49300 32
University of Queensland (Brisbane) 49600 32
Honk Kong University of Science & Technology 34000 26
Macquarie Graduate School of Management (Sydney) 60100 34
Chulalongkorn University (Bangkok) 17600 25
Monash Mt. Eliza Business School (Melbourne) 52500 30
Asian Institute of Management (Bangkok) 25000 29
University of Adelaide 66000 30
Massey Univerisy (Palmerston North, New Zealand) 41400 37
Royal Melbourne Institute of Technology Business Graduate School 48900 32
Jamanlal Bajaj Institute of Management Studies (Mumbai) 7000 24
Curtin Institute of Technology (Perth) 55000 29
Lahore Univeristy of Management Sciences 7500 23
Universiti Sains Malaysia (Penang) 16000 32
De La Salle University (Manila) 13100 28
Total sum: 932300 709
Mean: 38845.8333333333 29.5416666667
Sample covariance: 53190.6177662037
Variance: 552851597.945602 15.7778501157
Standard deviation: 23512.7964722532 3.9721342016
Correlation coefficient: 0.5695171894
coefficient of variance 60.5284903287 13.4458703581
Deviation around salary Deviation around age DE Deviation (salary)^2 Deviation(age)^2
32554.1666666667 -1.5416666667 -50187.6736111 1059773767.36111 2.3767361111
26354.1666666667 -0.5416666667 -14275.1736111 694542100.694444 0.2934027778
-31745.8333333333 -7.5416666667 239416.493056 1007797934.02778 56.8767361111
-7845.8333333333 -0.5416666667 4249.82638889 61557100.6944445 0.2934027778
48154.1666666667 -1.5416666667 -74237.6736111 2318823767.36111 2.3767361111
-16045.8333333333 -4.5416666667 72874.8263889 257468767.361111 20.6267361111
-31345.8333333333 -6.5416666667 205053.993056 982561267.361111 42.7934027778
4454.1666666667 -0.5416666667 -2412.67361111 19839600.6944444 0.2934027778
-31445.8333333333 -6.5416666667 205708.159722 988840434.027778 42.7934027778
7754.1666666667 0.4583333333 3553.99305556 60127100.6944444 0.2100694444
10454.1666666667 2.4583333333 25699.8263889 109289600.694444 6.0434027778
10754.1666666667 2.4583333333 26437.3263889 115652100.694444 6.0434027778
-4845.8333333333 -3.5416666667 17162.3263889 23482100.6944445 12.5434027778
21254.1666666667 4.4583333333 94758.1597222 451739600.694444 19.8767361111
-21245.8333333333 -4.5416666667 96491.4930556 451385434.027778 20.6267361111
13654.1666666667 0.4583333333 6258.15972222 186436267.361111 0.2100694444
-13845.8333333333 -0.5416666667 7499.82638889 191707100.694445 0.2934027778
27154.1666666667 0.4583333333 12445.6597222 737348767.361111 0.2100694444
2554.1666666667 7.4583333333 19049.8263889 6523767.3611111 55.6267361111
10054.1666666667 2.4583333333 24716.4930556 101086267.361111 6.0434027778
-31845.8333333333 -5.5416666667 176478.993056 1014157100.69444 30.7100694444
16154.1666666667 -0.5416666667 -8750.17361111 260957100.694444 0.2934027778
-31345.8333333333 -6.5416666667 205053.993056 982561267.361111 42.7934027778
-22845.8333333333 2.4583333333 -56162.6736111 521932100.694445 6.0434027778
-25745.8333333333 -1.5416666667 39691.4930556 662847934.027778 2.3767361111
1276574.82639 13268438350.6944 378.6684027778

Age Vs Salary
40
35
30 f(x) = 9.31757037420371E-05x + 24.8852916561
R = 0.3335720551
25
20
Age Vs Salary
40
35
30 f(x) = 9.31757037420371E-05x + 24.8852916561
R = 0.3335720551
25
20
15
10
5
0
0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000

Starting salary and age has a positive correlation.


56% correlation shows that age has a significant effect on salary

The R^2 value shows that there is an upward trend but it is not perfect
Age distribution Frequency of people lying
22-25 7
26-29 9
30-33 7
34-37 1

Frequency of people lying in age-group


10
9
9
8
7 7
7
6 Frequency of pe
5
4
3
2
1
1
0

Age group is almost uniformy distributed which shows that there is no biasness
in ages of people and salary

Age
Linear (Age)
Age
Linear (Age)

90000 100000

effect on salary

nd but it is not perfect


Frequency of people lying

n age-group

Frequency of people lying

1
Business School %Foreign
Melbourne Business School 47
University of New South Wales (Sydney) 28
Indian Institute of Management (Ahmedabad) 0
Chinese University of Hong Kong 10
International Univeristy of Japan (Niigata) 60
Asian Institute of Management (Manila) 50
Indian Institute of Management (Bangalore) 1
National University of Singapore 51
Indian Institute of Management (Calcutta) 0
Australian National University (Canberra) 80
Nanyang Technological University (Singapore) 20
University of Queensland (Brisbane) 26
Honk Kong University of Science & Technology 37
Macquarie Graduate School of Management (Sydney) 27
Chulalongkorn University (Bangkok) 6
Monash Mt. Eliza Business School (Melbourne) 30
Asian Institute of Management (Bangkok) 90
University of Adelaide 10
Massey Univerisy (Palmerston North, New Zealand) 35
Royal Melbourne Institute of Technology Business Graduate School 30
Jamanlal Bajaj Institute of Management Studies (Mumbai) 0
Curtin Institute of Technology (Perth) 43
Lahore Univeristy of Management Sciences 2.5
Universiti Sains Malaysia (Penang) 15
De La Salle University (Manila) 3.5
Total Sum: 702
Mean 29.25
sample covariance 10318.98633
Variance: 626.8567708
Standard deviation: 25.03710788
Correlation coefficient: 0.017528655
coefficient of variance 85.59695001

Starting Salary ($)


100000
90000
80000
70000
60000 f(x) = 462.9286212038x + 24292.9643165978
50000 R = 0.2435448534
40000
30000
20000
10000
0
70000
60000 f(x) = 462.9286212038x + 24292.9643165978
50000 R = 0.2435448534
40000
30000
20000
10000
0
0 10 20 30 40 50 60 70 80 90
Starting Salary ($) Deviation around foregin D^2
71400 17.75 315.0625
65200 -1.25 1.5625
7100 -29.25 855.5625
31000 -19.25 370.5625
87000 30.75 945.5625
22800 20.75 430.5625
7500 -28.25 798.0625
43300 21.75 473.0625
7400 -29.25 855.5625
46600 50.75 2575.5625
49300 -9.25 85.5625
49600 -3.25 10.5625
34000 7.75 60.0625
60100 -2.25 5.0625
17600 -23.25 540.5625
52500 0.75 0.5625
25000 60.75 3690.5625
66000 -19.25 370.5625
41400 5.75 33.0625
48900 0.75 0.5625
7000 -29.25 855.5625
55000 13.75 189.0625
7500 -26.75 715.5625
16000 -14.25 203.0625
13100 -25.75 663.0625
932300 15044.5625
38845.8333333333

552851597.945602
23512.7964722532

60.5284903287

ting Salary ($)

Starting Salary ($)


Linear (Starting Salary ($))
Starting Salary ($)
Linear (Starting Salary ($))

50 60 70 80 90 100
Deviation around salaryF^2
32554.1666666667 1059773767.36111
26354.1666666667 694542100.694444
-31745.8333333333 1007797934.02778
-7845.8333333333 61557100.6944445
48154.1666666667 2318823767.36111
-16045.8333333333 257468767.361111
-31345.8333333333 982561267.361111
4454.1666666667 19839600.6944444
-31445.8333333333 988840434.027778
7754.1666666667 60127100.6944444
10454.1666666667 109289600.694444
10754.1666666667 115652100.694444
-4845.8333333333 23482100.6944445
21254.1666666667 451739600.694444
-21245.8333333333 451385434.027778
13654.1666666667 186436267.361111
-13845.8333333333 191707100.694445
27154.1666666667 737348767.361111
2554.1666666667 6523767.3611111
10054.1666666667 101086267.361111
-31845.8333333333 1014157100.69444
16154.1666666667 260957100.694444
-31345.8333333333 982561267.361111
-22845.8333333333 521932100.694445
-25745.8333333333 662847934.027778
13268438350.6944
deviation around foregn * deviation around salary
5592.359375
-1.953125
-25025.203125
-7133.328125
29076.046875
8934.171875
-22545.265625
10289.109375
-25025.203125
130709.796875
-791.453125
-34.328125
465.484375
-11.390625
-12568.078125
0.421875
224201.671875
-7133.328125
190.109375
0.421875
-25025.203125
2599.609375
-19141.296875
-2893.640625
-17073.859375
247655.671875