Q1. The pursuit of a higher education degree in business is now international.

A survey shows
that 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 economics, banking, marketing, behavioral
sciences, labor relations, decision making, strategic thinking, business law, and more. The data
set is in the file ASIAN.

Managerial Report
Use the methods of descriptive statistics to summarize the data. Discuss your findings.

1. Include a summary for each variable in the data set. Make comments and interpretations based
on maximums and minimums, as well as the appropriate means and proportions. What new
insights do these descriptive statistics provide concerning Asia-Pacific business schools?
Answer:
univariate statistics
Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count
coefficient of
variation

Full-Time Enrollment

univariate statistics
Mean
Standard Error
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count
coefficient of
variation

Foreign Tuitiion ($)

Students per
Faculty

Local Tuition ($)

165

12375

28

1556

126

11513

30

141

7778

19836

26

60503872

-0.75

-0.71

0.51

0.76

0.76

0.62

451

17

32060

12

1000

463

19

33060

4129

212

309373

25

25

25

85

60

63

%Foreig
n

Age

Starting Salary
($)

16582

28

28

37292

1827

4692

17765

29

27

41400

16000

29

7500

9135

25

23459

83445412

14

625

550336600

-0.71

-0.27

0.33

-0.93

-0.01

0.12

0.87

0.22

32060

15

90

80000

1000

22

7000

33060

37

90

87000

414545

709

702

932300

25

25

25

25

55

13

89

63

Summary statistics
A. Full-Time Enrollment
On an Average 165 students are enrolled in business school for Full-Time Enrollment
In Business schools 50% schools are enrolled above 126 students and remaining 50% schools are
enrolled below 126 students
In Business schools minimum 12 and maximum 463 students are enrolled
0.76 (+VE Skewed): for Full-Time Enrollment majority of Universities have small values of
students enrolled and very few universities have large values, pull the mean up making it exceed
the median

Coefficient of Variation (C.V.) is a relative measure of variation. Variation in Full-Time

Enrollment is 85.28% means More of Variation to enrolment in student for Full-Time
Enrollment.
Standard deviation=141 and mean =165 means number of Full-Time Enrollment varies
between X - S = 165 - 141 = 24 and X + S = 165 + 141 = 306.
B. Students per Faculty
Average number of student per faculty in Business school is 9.
In Business schools 50% schools have student per faculty are above 7 and remaining 50%
schools have student per faculty are below 7
In Business schools minimum 2 and maximum 19 for student per faculty
0.76 (+VE Skewed): for student per faculty majority of universities have small values and very
few universities have large values.
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in student per faculty
is 59.66% means 59.66% Variation in enrolment for student per faculty
Standard deviation=5 and mean =8 means number of student per faculty varies between X - S =
8 -5=3 and X + S = 8 +3 = 11.
C. Local Tuition ($)
Average local Tuition fees ($) in Business school is $12375.
In Business schools 50% schools have local Tuition fees ($) are above $11513 and remaining
50% schools have local Tuition fees ($) are below $11513.
In Business schools minimum local Tuition fees is $1000 and maximum local Tuition fees is
$33060
0.62(+VE Skewed): For local Tuition fees ($) majority of universities have small values and very
few universities have large values.
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in local Tuition fees
($) is 63% means 63% Variation in enrolment for local Tuition fees ($)
Standard deviation=7778 and mean =12375 means local Tuition fees ($) varies between X - S =
12375 -7778=4597 and X + S = 12375 +7778 = 20153.
D. Foreign Tuition ($)
Average Foreign Tuition fees ($) in Business school is $16582.
In Business schools 50% schools have Foreign Tuition fees ($) are above $17765 and remaining
50% schools have Foreign Tuition fees ($) are below $17765.
In Business schools minimum Foreign Tuition fees is $1000 and maximum Foreign Tuition fee is
$33060

-0.01(-VE Skewed): -0.01is very close to zero so we can consider as no skewed means For
Foreign Tuition fees ($) almost values are lies from both sides from mean value
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in Foreign Tuition fees
($) is 55% means 55% Variation in enrolment for Foreign Tuition fees ($)
Standard deviation=9135 and mean =16582 means Foreign Tuition fees ($) varies between X - S
= 16582 -9135=7447 and X + S =16582+9135 = 25717.
E. Age
Average age of students in Business school is 28 years
In Business schools 50% schools have age of students are above 29 years and remaining 50%
schools have age of students are below 29 years
In Business schools minimum age is student is 22 and maximum age is student is 37
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in age is 13% means
very less Variation to age of students
Standard deviation=4and mean =28 means Foreign Tuition fees ($) varies between X - S = 28
-4=24 and X + S =28+4= 32
F. %Foreign
Average % of Foreign in Business school is 28%
In Business schools 50% schools have % of foreign are above 27 percent and remaining 50%
schools have % of foreign are below 27 percent
In Business schools minimum % of Foreign is 0% and maximum % of Foreign is 90%
0.87(+VE Skewed): For % of foreign in majority of universities have small values and very few
universities have large values.
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in % of foreign is 89%
means 89% very high Variation to% of foreign in Business school
Standard deviation=25 and mean =28 means % of foreign varies between X - S = 28 -25= 3 and
X + S =28+25 = 53.
G. Starting Salary ($)
Average Starting Salary ($) in Business school is $37292.
In Business schools 50% schools have Starting Salary ($) are above $41400 and remaining 50%
schools have Starting Salary ($) are below $41400.
In Business schools minimum Starting Salary is $7000 and maximum Starting Salary is $87000
Coefficient of Variation (C.V.) is a relative measure of variation. Variation in Starting Salary ($)
is 63% means 63% Variation in enrolment for Starting Salary ($)
Standard deviation=23459 and mean =37292 means Starting Salary ($) varies between X - S =
37292 -23459=13833 and X + S = 37292 +23459 = 60751.

H. GMAT
GMAT
No
Yes
Grand Total

# of students

% of Students

11
14
25

44%
56%
100%

56% Student had taken GMAT examination for getting admission in Business school and
remaining 44% Student had taken admission without writing GMAT Examination.
I. English test
English test
No
Yes
Grand Total

# of students

% of Students

17
8
25

68%
32%
100%

Only 32% Student had taken English test for getting admission in Business school and remaining
68 % Student had taken admission without writing English test
J. Work Experience
Work experience
No
Yes
Grand Total

# of students

% of Students

6
19
25

24%
76%
100%

76% student had work experience before joining business school and only 24% student enrolled
with no experience in business school