Question:
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.
The data set in Table 3.11 shows some of the characteristics of the leading Asia-Pacific business schools.
Managerial Report 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.
Transcribed Image Text:
TABLE 3.11 DATA FOR 25 ASIA-PACIFIC BUSINESS SCHOOLS Business School Full-Time Enrollment Faculty per Students Local Foreign Tuition Tuition (S) English Work Starting Salary (S) Age %Foreign GMAT Test Experience (5) Melboume Business School University of New South Wales (Sydney) Indian Institute of Management (Ahmedabad) Chinese University of Hong Kong Intemational University of Japan (Niigata) Asian Institute of Mamgement (Mala) Indian Institute of Management (Bangalore) National University of Singapo Indian Institute of Management (Calcutta) Australian National Universty (Camber) Nanyang Technological University (Singapore) University of Queensland (Brisbane) 200 24,420 29,600 28 228 4 19,998 32,582 392 5 4,300 4300 90 11,140 1L140 29 126 4 33,000 33,060 389 5 7,50 2,000 25 ARNAAR 29 22 28 380 5 3,935 16000 23 147 6 6,146 7,170 29 51 463 3 2,880 16,000 23 42 2 20,300 20,300 30 50 5 8,500 8.500 32 138 17 16,000 22,800 32 Hong Kong University of Science and Technology 60 2 11,513 11,513 36 Macquarie Graduate School of Management (Sydney) 12 3 17,172 19,778 34 27 Chulalongkorn University (Bangkok) 2001 7 17,355 17,355 25 Monash Mt Eliza Business School (Melbourne) 350 Asian Institute of Management (Bangkok) 300 University of Adelaide 20 Massey University (Palmerston North, New Zealand) 30 Royal Melboume Institute of Technology Business Gaduate School 30 Jamnalal Bajaj Institute of Management Studies (Mumbai) 240 Curtin Institute of Technology (Perth) 98 Lahore University of Management Sciences 20 Universiti Sains Malaysia (Penang) 30 022 agent 13 16,200 22,500 30 30 10 18,200 18,200 29 19 16,426 23,100 30 15 13,106 21,625 37 13,880 17,765 32 9 L000 1,000 24 *******2822 20 47 0 10 60 50 80 20 26 37 6 90 10 35 30 15 9,475 19,097 29 43 11,250 26300 23 25 2,260 2,260 32 15 De La Salle University (Manila) 44 3,300 3,600 28 3.3 *22222222222 Yes Yest No Yes Yes Yes Yes Yes No Yes No No Yest No No No No No No Yes No No Yes No 2222*22**** 322232 Yes 71,400 Yes 65200 No 7,300 No 31,000 No 87,000 Yes 22,300 No Yes Yes 929999999900 999200 Yes 7,500 43,300 No 7400 Yes 46,600 Yes 49,300 Yes 49600 Yes 34000 Yes 60,100 Yes 17,600 Yes 52,500 Yes 25000 Yes 66000 Yes 41400 Yes 48,900 Yes 7,000 Yes 55000 No 7,500 Yes 16000 Yes 13,100