Use the methods of descriptive statistics to summarize the data in Table 3.11. Discuss your findings.

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 business schools?
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 tests.
3. Do starting salaries appear to be related to tuition?
4. Present any additional graphical and numerical summaries that will be beneficial in communicating the data in Table 3.11 to others.

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 (MBA) 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.
 

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Students Local Tuition Foreign Tuition Starting Salary ($) Full-Time English Test Work per Faculty Business School Enrollment $) ($) Age %Foreign GMÁT Experience Melbourne Business School 200 24,420 19,993 4,300 29,600 32,582 28 47 Yes No Yes 71,400 University of New Sonth Waks (Sydney) Indian Institute of Management (Ahmedabad) Chinese University of Hong Kong Intemational University of Japan (Niigata) Asian Institute of Manage ment (Manila) Indian Institute of Management (Bangalore) National University of Singapore Indian Institute of Management (Calcutta) Australian National University (Canberra) Nanyang Technological University (Singapoe) University of Queensland (Brisbane) Hong Kong University of Science and Technology Macquarie Graduate School of Management (Sydney) 228 4 29 28 Yes No Yes 392 90 65,200 7,100 31,000 5 4,300 11,140 22 No No No 5. 11,140 29 10 Yes No No 33,060 9,000 126 4 33,06) 7,562 3,935 6,146 2,880 28 60 Yes Yes No 87,000 389 5 25 50 Yes No Yes 22,800 380 16,000 23 Yes No No 7,500 147 6. 29 7,170 16,000 20,300 8,500 51 Yes Yes Yes 43,300 463 8 23 No No No 7,400 42 2 20,300 30 80 Yes Yes Yes 46,600 50 8,500 32 20 Yes No Yes 49,300 138 17 16,000 22,800 32 26 No No Yes 49,600 34,000 60, 100 60 2 11,513 11,513 26 37 Yes No Yes 12 17,172 19,778 34 27 No No Yes Chulalongkom University (Bangkok) Monash Mt. Eliza Business School (Melbourne) Asian Institute of Management (Bangkok) 2000 7 17,355 16,200 17,355 22,500 18,200 23,100 25 Yes No Yes 17,600 52,500 25,000 66,000 Yes Yes Yes 350 13 30 30 Yes Yes 300 10 18,200 29 90 No University of Ade laide Massey University (Palmerston North, New Zealand) Royal Melbourne Institute of Technology Business Gradoate School 20 19 16,426 30 10 No No Yes 30 15 13,106 21,625 37 35 No Yes Yea 41,400 30 13,880 17,765 32 30 No Yes Yes 48,900 Jamnalal Bajaj Institute of Management Studics (Mumbai) Curtin Institute of Technology (Perth) Lahore University of Management Sciences Universiti Sains Malaysia (Penang) De La Salle University (Manila) 240 9 1,000 1,000 24 No No Yes 7,0XX) 98 15 9475 19,097 29 43 Yes No Yes 55,000 70 14 11.250 26,300 2,260 3,600 23 2.5 No No No 7,500 30 5 2,260 32 15 No Yes Yes 16,000 44 17 3,300 28 3.5 Yes No Yes 13,100 222 Students Local Tuition Foreign Tuition Starting Salary ($) Full-Time English Test Work per Faculty Business School Enrollment $) ($) Age %Foreign GMÁT Experience Melbourne Business School 200 24,420 19,993 4,300 29,600 32,582 28 47 Yes No Yes 71,400 University of New Sonth Waks (Sydney) Indian Institute of Management (Ahmedabad) Chinese University of Hong Kong Intemational University of Japan (Niigata) Asian Institute of Manage ment (Manila) Indian Institute of Management (Bangalore) National University of Singapore Indian Institute of Management (Calcutta) Australian National University (Canberra) Nanyang Technological University (Singapoe) University of Queensland (Brisbane) Hong Kong University of Science and Technology Macquarie Graduate School of Management (Sydney) 228 4 29 28 Yes No Yes 392 90 65,200 7,100 31,000 5 4,300 11,140 22 No No No 5. 11,140 29 10 Yes No No 33,060 9,000 126 4 33,06) 7,562 3,935 6,146 2,880 28 60 Yes Yes No 87,000 389 5 25 50 Yes No Yes 22,800 380 16,000 23 Yes No No 7,500 147 6. 29 7,170 16,000 20,300 8,500 51 Yes Yes Yes 43,300 463 8 23 No No No 7,400 42 2 20,300 30 80 Yes Yes Yes 46,600 50 8,500 32 20 Yes No Yes 49,300 138 17 16,000 22,800 32 26 No No Yes 49,600 34,000 60, 100 60 2 11,513 11,513 26 37 Yes No Yes 12 17,172 19,778 34 27 No No Yes Chulalongkom University (Bangkok) Monash Mt. Eliza Business School (Melbourne) Asian Institute of Management (Bangkok) 2000 7 17,355 16,200 17,355 22,500 18,200 23,100 25 Yes No Yes 17,600 52,500 25,000 66,000 Yes Yes Yes 350 13 30 30 Yes Yes 300 10 18,200 29 90 No University of Ade laide Massey University (Palmerston North, New Zealand) Royal Melbourne Institute of Technology Business Gradoate School 20 19 16,426 30 10 No No Yes 30 15 13,106 21,625 37 35 No Yes Yea 41,400 30 13,880 17,765 32 30 No Yes Yes 48,900 Jamnalal Bajaj Institute of Management Studics (Mumbai) Curtin Institute of Technology (Perth) Lahore University of Management Sciences Universiti Sains Malaysia (Penang) De La Salle University (Manila) 240 9 1,000 1,000 24 No No Yes 7,0XX) 98 15 9475 19,097 29 43 Yes No Yes 55,000 70 14 11.250 26,300 2,260 3,600 23 2.5 No No No 7,500 30 5 2,260 32 15 No Yes Yes 16,000 44 17 3,300 28 3.5 Yes No Yes 13,100 222

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