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Business Statistic Project Report Asian Business Schools

Decent Essays

1. Include a summary for each variable in the data set. Make comments and interpretations based on maximum and minimums, well as the appropriate means and proportions. What new insights do these descriptive statistics provide concerning Asia-Pacific business schools?
Analysis:
1.
Full time enrolment is highest in Indian Institute of Management (Calcutta), 463 and lowest in Macquaire Graduate School of Management (Sydney),12 as per data available from the full time enrolment. They are far above and below as compared with the average full time enrolment of individuals in Asian countries. Average number of full time enrolment in these B-schools across Asia Pacific is 165 out of total number of 4129 students
Students per Faculty: …show more content…

Average portion of foreign students in Asian B-Schools is about 28%.
Starting salary is highest for International University of Japan (Niigata), i.e. $87,000, while it is lowest for Jamnalal Bajaj Institute of Management Studies, i.e. $7,000. Average starting salary in Asian Business Schools is $37,292.
All this data provides information regarding the potential that Asian markets possess and the pace at which they are growing. Standard Deviation is quite high at 23459; it may suggest that $ 87000 is outlier
Screenshot of the Excel Sheet

2. Summarize the data to compare the following –:
a. Any Difference between local and foreign tuition costs.
b. Any Difference between mean starting salaries for schools requiring and not requiring work experience.
c. Any difference between starting salaries for schools requiring and not requiring English test.

Analysis:
a)
Not much difference between local and foreign tuition fees. Mostly colleges have same local and foreign tuition fees.
Lahore University of Management Sciences has highest difference of $ 15050 b)
Mean starting salary for B-Schools requiring work experience is $41305.26, while for those institutes that do not require work experience, the mean starting salary is $24,583.33. This clearly shows that average salary of schools with requirement of work experience is significantly higher as compared to that of those

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