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Case Problem 3 - Chapter 3 Descriptive Statistics Numerical...

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Chapter 3 Descriptive Statistics: Numerical Measures Case Problem 3: Business Schools of Asia-Pacific The Minitab output is shown below. Variable N Mean Median Tr Mean StDev SE Mean FT Enrol 25 165.2 126.0 158.9 140.8 28.2 Std/Facu 25 8.48 7.00 8.30 5.06 1.01 Local$ 25 12375 11513 11970 7778 1556 Foreign$ 25 16582 17765 16543 9135 1827 Age 25 28.360 29.000 28.261 3.785 0.757 %Foreign 25 28.08 27.00 26.61 25.01 5.00 GMAT 25 0.560 1.000 0.565 0.507 0.101 English 25 0.3200 0.0000 0.3043 0.4761 0.0952 Work 25 0.7600 1.0000 0.7826 0.4359 0.0872 Salary 25 37292 41400 36448 23459 4692 Variable Min Max Q1 Q3 FT Enrol 12.0 463.0 43.0 270.0 Std/Facu 2.00 19.00 5.00 13.50 Local$ 1000 33060 5223 17263 Foreign$ 1000 33060 8750 22650 Age 22.000 37.000 25.000 31.000 %Foreign 0.00 90.00 4.75 45.00 GMAT 0.000 1.000 0.000 1.000 English 0.0000 1.0000 0.0000 1.0000 Work 0.0000 1.0000 0.5000 1.0000 Salary 7000 87000 14550 53750 Many graphical and numerical summaries and interpretations are possible with this data set. The students should be encouraged to investigate the data set with minimum guidance and direction. A comparison of student reports usually shows interesting and unique insights provided by the descriptive statistics. Some of the results are summarized here. a. Full-time enrollment varies considerably. The Indian Institute of Management (463) and the Macquaire Graduate School of Management in Sydney (12) provide the extremes.
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