Asian Case

Topics: Mean, Arithmetic mean, Standard deviation Pages: 2 (534 words) Published: April 11, 2012
| Case 1|
| Data Analysis for Effective Decision Making|

|
Below is a summary of descriptive statistics for the Business Schools of the Asia-Pacific|

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 schools? The chart below shows the summary of the variables in each data set. Based on the given information there is a great difference between the minimum and the maximum. Based on the descriptive statistics the new insights shows that Asian schools are more expensive then local schools. | Full-Time Enrollment| Students per Faculty| Local Tuition ($)| Foreign Tuition ($)| Age| %Foreign| GMAT1=yes2=no| English Test1=yes2=no| Work Experience1=yes2=no| Starting Salary ($)| Mean| 165.16| 8.48| $12,375| $16,582| 28.36| 28%| 1.44| 1.68| 1.24| $37,292| Median| 126.00| 7.00| $11,513| $17,765| 29.00| 27%| 1.00| 2.00| 1.00| $41,400| Mode| 30.00| 5.00| | $16,000| 29.00| | 1.00| 2.00| 1.00| $7,500| Standard Deviation| 140.84| 5.06| $7,778| $9,135| 3.78| 25.86%| 0.51| 0.48| 0.44| $23,459| Range| 451.00| 17.00| $32,060| $32,060| 15.00| 90%| 1.00| 1.00| 1.00| $80,000| Minimum| 12.00| 2.00| $1,000| $1,000| 22.00| 0%| 1.00| 1.00| 1.00| $7,000| Maximum| 463.00| 19.00| $33,060| $33,060| 37.00| 90%| 2.00| 2.00| 2.00| $87,000|

2. Summarize the data to compare the following:
a. Any difference between local and foreign tuition costs.

The average cost for Foreign Tuition is $16,582, which is 25.4% higher than local tuition

b. There is a significant difference between starting requiring and not requiring work experience.

The starting salary requiring work experience is approximately 60% higher than the starting salary without work experience.

Cross...
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