Case study: 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 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 shows some of the characteristics of the leading Asia-Pacific business schools. The complete data set, consisting of 40 observations, is stored in the Excel file: MBA.xlsx. Please download the file. Requirement: Executive Summary Introduction Test the significance of the relation between local tuition and foreign tuition. Is there any significant difference in mean starting salaries due to schools requiring and not requiring work experience.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.1: Counting
Problem 84E
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Case study:

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 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 shows some of the characteristics of the leading Asia-Pacific business schools.

The complete data set, consisting of 40 observations, is stored in the Excel file: MBA.xlsx. Please download the file.

Requirement:

  • Executive Summary
  • Introduction
  1. Test the significance of the relation between local tuition and foreign tuition.
  2. Is there any significant difference in mean starting salaries due to schools requiring and not requiring work experience.
  3.  
Local Foreign
Starting
Tuition Tuitiion
English
Work
Salary
($)
|($)
GMAT
Test
Experience
($)
24,420 29,600
Yes
No
Yes
71,400
19,993 32,582
Yes
No
Yes
65,200
4,300
4,300
No
No
No
7,100
11,140 11,140
Yes
No
No
31,000
7,562
9,000
Yes
No
Yes
22,800
3,935 16,000
Yes
No
No
7,500
2,880 16,000
No
No
No
7,400
8,500
8,500
Yes
No
Yes
49,300
16,000 22,800
No
No
Yes
49,600
11,513 11,513
Yes
No
Yes
34,000
17,172 19,778
No
No
Yes
60,100
17,355 17,355
Yes
No
Yes
17,600
16,426 23,100
No
No
Yes
66,000
1,000
1,000
No
No
Yes
7,000
9,475 19,097
Yes
No
Yes
55,000
11,250 26,300
No
No
No
7,500
3,300
3,600
Yes
No
Yes
13,100
7,562
9,000
Yes
No
Yes
22,800
3,935 16,000
Yes
No
No
7,500
2,880 16,000
No
No
No
7,400
8,500
8,500
Yes
No
Yes
49,300
16,000 22,800
No
No
Yes
49,600
11,513 11,513
Yes
No
Yes
34,000
24,420 29,600
Yes
No
Yes
71,400
19,993 32,582
Yes
No
Yes
65,200
4,300
4,300
No
No
No
7,100
17,355 17,355
Yes
No
Yes
17,600
16,426 23,100
No
No
Yes
66,000
33,060 33,060
Yes
Yes
No
87,000
6,146
7,170
Yes
Yes
Yes
43,300
20,300 20,300
Yes
Yes
Yes
46,600
16,200 22,500
Yes
Yes
Yes
52,500
18,200 18,200
No
Yes
Yes
25,000
13,106 21,625
No
Yes
Yes
41,400
13,880 17,765
No
Yes
Yes
48,900
2,260
2,260
No
Yes
Yes
16,000
33,060 33,060
Yes
Yes
No
87,000
20,300 20,300|
Yes
Yes
Yes
46,600
16,200 22,500
Yes
Yes
Yes
52,500
18,200 18,200
No
Yes
Yes
25,000
Transcribed Image Text:Local Foreign Starting Tuition Tuitiion English Work Salary ($) |($) GMAT Test Experience ($) 24,420 29,600 Yes No Yes 71,400 19,993 32,582 Yes No Yes 65,200 4,300 4,300 No No No 7,100 11,140 11,140 Yes No No 31,000 7,562 9,000 Yes No Yes 22,800 3,935 16,000 Yes No No 7,500 2,880 16,000 No No No 7,400 8,500 8,500 Yes No Yes 49,300 16,000 22,800 No No Yes 49,600 11,513 11,513 Yes No Yes 34,000 17,172 19,778 No No Yes 60,100 17,355 17,355 Yes No Yes 17,600 16,426 23,100 No No Yes 66,000 1,000 1,000 No No Yes 7,000 9,475 19,097 Yes No Yes 55,000 11,250 26,300 No No No 7,500 3,300 3,600 Yes No Yes 13,100 7,562 9,000 Yes No Yes 22,800 3,935 16,000 Yes No No 7,500 2,880 16,000 No No No 7,400 8,500 8,500 Yes No Yes 49,300 16,000 22,800 No No Yes 49,600 11,513 11,513 Yes No Yes 34,000 24,420 29,600 Yes No Yes 71,400 19,993 32,582 Yes No Yes 65,200 4,300 4,300 No No No 7,100 17,355 17,355 Yes No Yes 17,600 16,426 23,100 No No Yes 66,000 33,060 33,060 Yes Yes No 87,000 6,146 7,170 Yes Yes Yes 43,300 20,300 20,300 Yes Yes Yes 46,600 16,200 22,500 Yes Yes Yes 52,500 18,200 18,200 No Yes Yes 25,000 13,106 21,625 No Yes Yes 41,400 13,880 17,765 No Yes Yes 48,900 2,260 2,260 No Yes Yes 16,000 33,060 33,060 Yes Yes No 87,000 20,300 20,300| Yes Yes Yes 46,600 16,200 22,500 Yes Yes Yes 52,500 18,200 18,200 No Yes Yes 25,000
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