QUANTITATIVE METHODS IN MANAGEMENT

GRADABLE ASSIGNMENT 30 MARKS

Each question carries TEN marks
Note: You can use any statistical software ( MS- Excel, SPSS, MINITAB, SAS) for analysis
purpose.

Q1. 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 is in the file ASIAN.

Managerial Report

Use the methods of descriptive statistics to summarize the data. 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 to others.

5. Find the regression line considering local tuition as independent and starting salary as
dependent variable. Also calculate Coefficient of determination and infer.
10 Marks
2. i. Olive Construction Company is determining whether it should submit a bit for a new
shopping center. In the past, Olive’s main competitor, Base Construction Company, has
submitted bids 70% of the time. If Base Construction Company does not bid on a job, the
probability that Olive Construction Company will get the job is 0.50. If the Base Construction
company bids on a job, the probability that Olive Construction Company will get the job is
0.25.
a. If Olive Construction Company gets the job, what is the probability that Base
Construction Company did not bid?
b. What is the probability that Olive Construction Company will get the job?

ii.A Nielsen study indicates that 18 to 24 year olds spend a mean of 135 minutes watching
video on their smartphones per month. Assume that the amount of time watching video on a
smartphone per month is normally distributed and that the standard deviation is 15 minutes.
a. What is the probability that an 18-to 24 year old spends less than 112 minutes watching
video on his or her smartphone per month?
b. What is the probability that an 18-to 24 year old spends between 112 and 158 minutes
watching video on his or her smartphone per month?
c. What is the probability that an 18 to 24 year old spends more than 158 minutes watching
video on his or her smartphone per month?
d. One percent of all 18 to 24 years old will spend less than how many minutes watching
video on his or her smartphone per month? Each 5 marks

3.A company is considering an organizational change involving the use of self-managed work
teams. To assess the attitudes of employees of the company toward this change, a sample of
400 employees is selected and asked whether they favour the institution of self-managed work
teams in the organization. Three responses are permitted: favour, neutral or oppose. The results
of the survey , cross-classified by type of job and attitude toward self-managed work teams,
are summarized as follows:

Type of job Self-managed work teams

Favour Neutral Oppose

Hourly worker 135 23 67
Supervisor 18 12 30
Middle management 35 14 26
Upper management 24 7 9

a. At the 0.05 level of significance, is there evidence of a relationship between attitude

toward self-managed work teams and type of job?
The survey also asked respondents about their attitudes toward instituting a policy
whereby an employee could take one additional vacation day per month without pay.
The results, cross-classified by type of job, are as follows:
 Type of job Vacation time without pay

Favour Neutral Oppose

Hourly worker 135 23 67
Supervisor 39 7 14
Middle management 47 6 22
Upper management 26 6 8

b. At the 0.05 level of significance, is there evidence of a relationship between attitude

toward vacation time without pay and type of job? Each 5 Marks

*************All the best************