Question: 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

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

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.

Students Local Foreign per Tuition Tuition Starting English WrkSalary Full-Time Enrollment Faculty ) Business School ($) Age %Foreign GMAT Test Experience ($) 24.420 29,60028 19,993 32,582 29 4.300 4300 22 11,1401,140 29 33,06033,06028 71,400 65,200 Yes University of New Sonth Waks (Sydney) Indian Institute of Management (Ahmedabad) Chinese Univensity of Hong Kong Inte mational University of Japan (Niigata) Asian Institute of Management (Manila) Indian Institute of Management (Bangalore) National University of Singapore Indian Insttute of Management (Calcutta) Australian National University (Canberra) Nanyang Technological Univetsity (Singapore) University of Queensland (Brisbane) Hong Kong University of Science and Technology Macquarie Graduate School of Management (Sydney) Yes 31,000 87,000 22,800 7,500 43,300 ,400 46,600 49,300 7,562 9,000 25 3,935 | 16,000 | 23 6,146 2,880 6,0023 20,300 20,30) 30 8,500 8,500 32 6,00022,80) 32 11513 513 2 7,17219,778 34 1735517,355 25 16,200 22,500 30 18,200 | 18,200 | 29 16426 23,100 30 13,10621,625 7 Yes 7,170 29 Yes 34,000 60,100 17,600 52,500 25,000 66,000 41,400 Yes Ye Monash Mt, Eliza Bsiness School (Melbourne) Asian Institute of Management (Bangkok) University of Ade laide Massey University (Palmerston North, New Zealand) Royal Melboume Institute of Technology Business Yes Yes Yes Gradoate School Jamnalal Bajaj Institute of Management Studics (Mumhai) Curtin Insitute of Technology (Perth) Lahore Univesity of Man agement Scienoes Universiti Sains Malaysia Penang) De La Salle University (Manila) 13,880 7765 32 Yes 1 000 9475 19,097 29 11250 26,30023 2,260 3,3003,60028 48,900 7,0x0 55,000 7,500 16,000 13,100 Yes Yes 2,260 32

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The Minitab output is shown below Variable N Mean Median Tr Mean St Dev SE Mean FT Enrol 25 652 1260 1589 1408 282 StdFacu 25 848 700 830 506 101 Local 25 12375 11513 11970 7778 1556 Foreign 25 16582 ... View full answer

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