Statistics Essay

1902 Words Feb 28th, 2012 8 Pages
BUSINESS STATISTICS ASSIGNMENT
Project Title: Employee retention at D&Y consulting firm

Section E:
Group 2:Anshul Garg (11FN-015)-Finance Gokul Sudhakaran(11DM-039)-Marketing Kaviya .A. (11DM-057)- Marketing Nikhil Gagrani(11DM-089)- Marketing Sheth Dharmil Nirupam(11DM-147)-Marketing Taru(11IB-061)-International Business

Submission Date:- 9th September,2011

TABLE OF CONTENTS
1. Case
2. Objective of the problem
3. Methodology used
4. Analysis
5. Excel output
6. Conclusion
7. Managerial implications

CASE: EMPLOYEE RETENTION AT D&Y CONSULTING FIRM
Demand for systems analysts in the consulting industry is very
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c.)Find a 95% confidence interval for the difference between the above obtained mean starting salaries.
d) Among all employees whose starting salary is below the median ($37,750), find a 95% confidence interval for the proportion who stay with D&Y for at least 3 years.
e.) Find a 95% confidence interval for the proportion who stay with D&Y for at least 3 years but this time with starting salaries above the median.
f) Find a 95% confidence interval for the difference between these proportions. From this interval, can we conclude that there is a significant difference in the proportions at the 5% level of significance?

2. D&Y wonders whether the percentage of time on the road might influence who stays and who leaves.
a. Among all employees who travel less than the median (54%), find the 95% confidence interval for the proportion who stay with D&Y for at least 3 years.
b. Do the same for the employees that travel more than the median who have stayed beyond 3 years.
c. Then find the 95% confidence interval for the difference between proportions. From this confidence interval, can we conclude that there is a significant difference in the proportions?

3.Find a 95% confidence interval for the mean tenure(in months) of all employees who leave D&Y within 3 years of being Hired. Why is it not possible with the given data to find a confidence interval for the…

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