Case Study (A).

Century Bank
Solution:
x1= Account Balance in $
x2=Number of ATM transaction in the
month
x3=Number of other Bank services used
x4=Has a debit card( 1=Yes, 0=No )
x5=Receives interest on the account
( 1=Yes, 0=No )
x6=City where banking is done

x1

x2

x3

x4

x5

x6

1756
748
1501
1831
1622
1886
740
1593
1169
2125
1554
1474
1913
1218
1006
2215
137
167
343
2557
2276
1494
2144
1995
1053
1526

13
9
10
10
14
17
6
10
6
18
12
12
6
10
12
20
7
5
7
20
15
11
17
10
8
8

4
2
1
4
6
3
3
8
4
6
6
7
5
3
4
3
2
4
2
7
4
2
3
7
4
4

0
1
0
0
0
0
0
1
0
0
1
1
0
1
0
1
0
0
0
1
1
0
0
0
1
0

1
0
0
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1

2
1
1
3
4
1
3
1
4
2
3
1
1
1
1
4
3
4
1
4
3
1
3
2
3
2

1120
1838
1746
1616
1958
634
580
1320
1675
789
1735
1784
1326
2051
1044
1885
1790
765
1645
32
1266
890
2204
2409
1338
2076
1708
2138
2375
1455
1487
1125
1989
2156
Total

8
7
11
10
6
2
4
4
6
8
12
11
16
14
7
10
11
4
6
2
11
7
14
16
14
12
13
18
12
9
8
6
12
14
618

6
5
2
4
2
7
1
5
7
4
7
5
8
4
5
6
4
3
9
0
7
1
5
8
4
5
3
5
4
5
4
4
3
5
265

1
1
0
1
1
1
0
1
1
0
0
0
0
1
1
1
0
0
0
0
0
0
0
0
1
1
1
0
0
1
1
1
0
1
26

0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
1
1
0
1
0
0
1
0
0
0
0
0
1
0
1
0
0
1
0
16

3
3
2
2
2
4
1
1
2
4
3
1
3
4
1
2
3
4
4
3
4
1
2
2
2
2
1
4
2
3
4
2
2
2
144

REQUIREMENT:
1) Develop a graph or table that portrays the checking balances. What
is the balance of a typical customer? Do many customers have more
than $2000 in their accounts? Does it appear that there is a
difference in the distribution of the accounts among the four
branches? Around what value do the account balances tend to
cluster?

2) Mean & Median of four branches compare the mean & the median of
the four branches. Is there a difference among the branches?
Explain the difference between the mean and the median in your
report.
3) Range and standard deviation of the checking account balances.
First and third Quartile (Q1 & Q3).Determine the coefficient of
skewness and indicate what it shows.

Q1. The no of ATM transaction in

the last month
= 618 no of transactions in the last month
Q2. The no of other bank services?
= 265 no of other bank services
Q3.

Whether the customer has a debit card?

= 26 peoples have the facility of debt card and remaining 34

peoples have not the
facility of debt card
Q4.

Whether or not interest is paid on the checking account?

= 16 peoples have paid interest on checking account and 64
peoples are not paid interest on checking account.

(2). Mean & median of four branches:

X2

X3

X4

X5

Mean

10.3

4.4166666
67

0.4333333
33

0.2666666
67

Median

10

(C).
I.

Range and standard deviation:

RANGE
S.D

X2
18

X3
9

X4
1

X5
1

X6
3

4.29544496
6

1.97691479
1

0.49971743
4

0.44594849
1

1.10775387
3

I.

Quartiles:

Q1=n+1(25/100)
=60+1(25/100)
=15.25
Q3=n+1(75/100)
=60+1(75/100)
=45.75
Q1
Q3

II.

X2
15.25
45.75

X3
15.25
45.75

X4
15.25
45.75

X5
15.25
45.75

X6
15.25
45.75

X4
2.603

X5
1.75038

X6
1.083

Coefficient of Skewness.

SK=3(X-bar-Median)/s.d
Sk

X2
0.209

X3
0.252

Case study (B). Wildcat Plumbing Supply, Inc.: Do

we Have Gender Differences?
Solution:
Requirements of the case:
a)
b)
c)
d)
e)

Cumulative Frequency Distribution

Several measures of location
Draw Chart (Bar char, Histogram, Line Chart)
Quartile
Summarize the Situation

a) Cumulative Frequency Distribution Table:

Yearly
Salary

Wome
n (F)

Men
(F)

Mid
Point

FM of
Women

FM of
Men

less than
30
30-40
40-50
50-60
60-70
70-80
80 or
more
Total

25

50

3
17
17
8
3
0

1
4
24
21
7
3

35
45
55
65
75
85

105
765
935
520
225
0

50

60

2600

C.F
(Men)

25

C.F
(wome
n)
2

35
180
1320
1365
16875
0

5
22
39
47
50
50

1
5
29
50
57
60

19800

b) Several measures of location

Several measures of location are mean & median
Mean of Womens salary:
Mean=FM/n
= 2600/7
Mean =371.43
Answer

Median of womens salary:

Median=Central value of Data
So,
Median=17 Answer

Mean of Mens salary:

Mean=FM/n
=19800/7
Mean=2828.57
Answer

Median of Mens salary:

Median= Central Value
So,
Median=24 Answer

C) Draw Chart (Bar char, Histogram, Line Chart)

Line Chart
30
25

24
21

20
Frequency

17

15

Women

17

Men

10

3
2
1
0 0
less then 30 40-50

7
3

60-70

3
0
80 or more

Yearly Salary

Bar Chart
30
24

25

21

20

17

17

Women

Frequency 15

Men
8

10
5

0
less then
0 30

40-50

60-70

Yearly Salary

3
80 or
0 more

Histogram of WOMEN SALRAY:

Histogram of MEN SALARY:

d) Quartiles:

Q1=n+1(25/1
00)
=7+1(25/100)

Q1=2 Answer

Q2=n+1(50/1
00)
=7+1(50/100)
Q2=4 Answer

Q3=n+1(75/1
00)
=7+1(75/100)
Q3=6 Answer

Case (C). Kimble Products: Is there a difference

in the commissions?
Solution:
Requirement of the case:
1. Write a brief report?
2. Central tendency and dispersion of the two groups

Group #1: Commissions earned by sale

representatives calling on Athletic Department.

First arranged the data

No. of Sales
representative

X
Commissi
ons
Earned

(xxbar)^
2

13

39

69

87

149

159

175

10

249

11

252

12

278

13

299

14

354

15

357

16

392

17

416

18

427

19

434

20

526

21

527

22

557

23

579

24

615

25

635

26
27

680
883

669573.
98
664673.
33
654926.
03
613519.
73
567423.
23
540629.
33
453299.
23
439933.
73
418964.
93
328644.
23
325213.
58
296235.
28
273816.
73
219281.
48
216480.
83
185136.
58
165059.
38
156242.
33
150757.
48
87778.8
76
87187.3
26
70370.8
26
59182.7
26
42962.9
26
35071.9
26
20242.1
76
3687.52

28

1105

29

1106

30

1168

31

1187

32

1602

33

1604

34

1676

35

1683

36

1738

37

2197

38

2321

39

3140

40

3202

Total

32891

56
79933.4
26
80499.8
76
119525.
78
133024.
33
607971.
08
611093.
98
728846.
38
740847.
53
838552.
28
1889868
.8
2246176
.6
5371849
.2
5663091
.1
268575
76

Central Tendency:
As we know that the measures of central tendency are mean ,
median and mode.
So,

Mean=x/n
=32891/40

Mean=
822.275
And

Median= central value

=526+527/2

Median=526.
5

And

Mode= repeating value

We have no repeating value in this group #1
So,
Mode=N/A

Measures of Dispersion of Group #1

We know that the measures of dispersions are range, variance,
quartile, deciles, and percentiles
Range= largest value- smallest value
=3202-4
Range=3198

Variance=(x-Xbar)2 /n+1
=26857576/40-1
Variance=68865
5.8

Quartiles:
Q1 =n+1(25/100
=40+1(25/100)
Q1=10.25
Q2=n+1(50/100)
=40+1(50/100)
Q2=20.5
Q3=n+1(75/100)

=40+1(75/100)
Q3=30.75

Percentile:
L p=n+1(P/100)
=40+1(40/100)
L

=16.4

Deciles:
D1=n+1(10/100)
=40+1(10/100)
D1=4.1
D2=n+1(30/100)
=40+1(30/100)
D2=12.3
D3=n+1(90/100)
=40+1(90/100)
D3=36.9

Group#2: Commission earned by sale representatives

calling on large retailers ($)

No. of sale
representative
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Total

(x-Xbar)^2

12
681
719
754
758
807
850
870
886
886
899
918
934
944
1066
1083
1116
1206
1213
1244
1255
1262
1291
1294
1313
1315
1338
1448
1556
1858
31776

1096627.84
143035.24
115736.04
93147.04
90721.44
63604.84
43764.64
35796.64
29998.24
29998.24
25664.04
19937.44
15675.04
13271.04
46.24
566.44
3226.24
21550.24
23654.44
34151.04
38337.64
41127.84
53731.24
55131.04
64414.44
65433.64
77729.44
151165.44
246810.24
638081.44
3332134.8

Central Tendency:
Mean=x/n
=31776/30
Mean=1059.2

& Median= central value

So,
Median=
1074.5

And Mode=Repeating Value

So,
Mode=886

Measures of Dispersion of Group #2

Range= largest value- smallest value
=1858-12

Range= 1846
Variance=(x-Xbar)2 /n+1
= 3332134.8/30-1
variance=114901.
2