QNT 561 Assignment Statistics Concepts and Descriptive

Measures Instructions (Consumer Food)

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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
This assignment has an Excel dataset spreadsheet attached.
Resource: Microsoft Excel, Statistics Concepts and Descriptive
Measures Data Set Download the Statistics Concepts and
Descriptive Measures Data Set. Choose: Financial Answer each of
the following in a total of 90 words: For each column, identify
whether the data is qualitative or quantitative. Identify the level of
measurement for the data in each column. For each column
containing quantitative data: Evaluate the mean and median
Interpret the mean and median in plain non-technical terms Use
the Excel =AVERAGE function to find the mean Use the Excel
=MEDIAN function to find the median For each column
containing quantitative data: Evaluate the standard deviation and
range Interpret the standard deviation and range in plain non-
technical 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 ($) 8909 56697 23180 5684 35945
7052 10706 52687 16149 14112 74041 21839 13855 63182 18866
15619 79064 21899 2694 25981 8774 9127 57424 15766 13514
72045 27685 6314 38046 8545 7622 52408 28057 4322 41405 6998
3805 29684 4806 6674 49246 13592 7347 41491 4088 2911 26703
15876 8026 48753 16714 8567 55555 16783 10345 71483 21407
8694 50980 19114 8821 46403 7817 8678 51927 14415 14331 84769
17295 9619 59062 16687 9286 57952 14161 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.qnt561genius.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
This assignment has an Excel dataset spreadsheet attached.
Resource: Microsoft Excel, Statistics Concepts and Descriptive
Measures Data Set Download the Statistics Concepts and
Descriptive Measures Data Set. Choose: Financial Answer each of
the following in a total of 90 words: For each column, identify
whether the data is qualitative or quantitative. Identify the level of
measurement for the data in each column. For each column
containing quantitative data: Evaluate the mean and median
Interpret the mean and median in plain non-technical terms Use
the Excel =AVERAGE function to find the mean Use the Excel
=MEDIAN function to find the median For each column
containing quantitative data: Evaluate the standard deviation and
range Interpret the standard deviation and range in plain non-
technical 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 American General 6
3362 American Stores 4 19139 Amoco 7 36287 Arco Chemical 2
3995 Ashland 7 14319 Atlantic Richfield 7 19272 Bausch & Lomb 5
1916 Baxter International 5 6138 Bristol-Myers Squibb 5 16701
Burlington Coat 1 1777 Central Maine Power 3 954 Chevron 7
41950 CIGNA 6 14935 Cinergy 3 4353 Dayton Hudson 1 27757
Dillard's 1 6817 Dominion Resources 3 7678 Dow Chemical 2
20018 DPL 3 1356 E. I. DuPont DeNemours 2 46653 Eastman
Chemical 2 4678 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

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Review the Case Study: MBA Schools in Asia-Pacific and the Case
Study: MBA Schools in Asia-Pacific data set. Prepare a 1,050-word
managerial report for your boss. 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 business schools? 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. 7. What percentage of schools require the
GMAT test? 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
admissions? 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. 15. Comment on the skewness for the data on starting
salaries: 1. Plot a histogram and determine the skewness. 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 business schools.
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