Professional Documents
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Business Statistics Report Sample
Business Statistics Report Sample
SEMESTER 1 2017
Group Members:
Daniel Paul Ho Mingjie
Tiffany Chong Nyet Jun
Angelica Elaine Chan Su Min
Wong Jen Lam
Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Contents
Scatterplot of Pocket Money and Expenditure & Linear Regression Line ........................... 8
Appendices ........................................................................................................................... 9
One Sample Copy of Filled-in Questionnaire.................................................................... 9
Summarised Data in Tabular Form ................................................................................ 10
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Executive Summary
The objective of this report is to investigate the relationship between two different
quantitative variables. The variables are Amount of Pocket Money received in a month and
Amount of Expenditures in a month.
The data collection method is done through questionnaires distributed (and collected on the
same day) to a sample of 20 students enrolled in Business Statistics 061 out of the all
Foundation Students enrolled in Semester 1 in Curtin University, Sarawak.
The sampling method used was systematic data sampling to select 20 samples from all
Foundation Students. This is done by dividing the total number of student from Foundation in
Semester 1 by the number of samples in order to find the value of k. Then choosing a random
starting point in the Random Digits Table. For this situation, we have selected line 115 as the
random starting point that is within the value of k. After that, counting the kth unit from the
initial starting point and then every 10 th unit after until having a sample size of 20. Lastly,
distributing questionnaires to selected samples.
In summary, we have found that there is a strong positive relationship between the
variables, Pocket Money Received and Expenditures. This is evident through calculations of
Correlation Coefficient (pg. 8) as well as through the scatterplot and best-fit linear regression
line (pg 8). With other calculations such as mean, covariance as well as standard deviation,
we can find out the Correlation Coefficient. The summarized data set (in tabular form) is
placed in the end of the report for references and evidence of work.
In conclusion, the data that is collected through the main data collection method;
questionnaires have been analyzed by creating graphs and tables that enables the calculations
which is essential in proving whether there was a relationship with Pocket Money Received
and Expenditures. Thus, with the calculations made possible with graphs and tables, the two
variables chosen have proven its relationship – the more a person receives, the more that
person spends.
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Graphical Presentations
Graph 1
8
6 8 Male
female than of male who filled
4 Female in the questionnaires. Thus,
2 there is 4 more females than
0
Male Female
males that were selected to fill
Gender in the questionnaires.
Graph 2
Interpretation:
Percentage of People who agree with
Based on the Pie Chart
sufficient pocket money received
under Graph 2, it can be
observed that the majority
25% of people who agreed that
the amount of pocket money
Yes
received was enough is
No
higher than those who
75% disagree. With the majority
being 75% that had agreed,
the minority being 25% that
disagreed was also shown.
3
Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Graph 3
Interpretation:
Range of Spendings Amount in RM$$
9 Graph 3 shows a
8
8
histogram showing the
7
6 highest number of people
6
Frequency
Graph 4
Interpretation:
Number of people who receive from 0 - 1000
in a month in RM$$ Graph 4 shows a frequency
9 polygon with the highest
8
frequency near the centre with
7
the highest amount received at
6
Frequency
about $RM710.
5
4
The shape of the frequency
3
polygon has a peak near the
2
centre of the graph due to
1
0
having the highest frequency.
200.5 300 500.5 700.5 900.5 1100.5
Amount received (RM$)
4
Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Graph 5
12
10
Frequency
6 5
4
2
2
0 0
0
Entertainment Food Shopping Transportation Others
Activities
Intepretation:
Based on the bar chart shown above, it can be observed that the most and highest amount
spent on is on Food. While the Others category remains 0, the lowest amount that people
5
Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
= 500.5
6
Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Variance of x Variance of y
∑ 𝑥2 2 ∑ 𝑦2 2
𝜎2 = -𝑥 𝜎2 = -𝑦
𝑛 𝑛
8692204.5 6530104.25
= − 620.452 = − 520.432
20 20
= 49652.0225 = 55663.03188
𝑠𝑘 = −1.07 𝑠𝑘 = 0.25
√𝜎 √𝜎
= √49652.0225 = √55663.0318
= 222.97 = 235.93
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Measures of Association
1000
Expenditure (RM$)
800
600
y = 0.6343x + 29.646
(Best fit regression line)
400
200
0
0 200 400 600 800 1000 1200
Pocket Money (RM$)
As for the scatterplot above, a best fit regression line is placed which shows that there is a strong
positive relationship between the two variables due to some plots close to or on the line. Thus, the
Correlation Coefficient is close to approximately +1. On future prediction, the values are interpolated
and hence being accurate and reliable due to the predicted values being in the given range of the
variables.
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Appendices
One Sample Copy of Filled-in Questionnaire
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Quantitative Data
0-200 2 10 0.1
201-400 1 5 0.05
401-600 6 30 0.3
601-800 8 40 0.4
801-1000 2 10 0.1
<1000 1 5 0.05
Total 20 100 1
Monthly Expenditure
0-200 3 15 0.15
201-400 8 40 0.4
401-600 6 30 0.3
601-800 1 5 0.05
801-1000 1 5 0.05
<1000 1 5 0.05
Total 20 100 1
Qualitative Data
Gender
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Foundation Commerce, Faculty of Business Group Assignment Final Report
FP-062 Business Statistics 061
Gender Frequency
Male 8
Female 12
Total 20
Activities Frequency
Entertainment 2
Food 13
Shopping 5
Transportation 0
Others 0
Total 20
Opinion Frequency
Yes 15
No 5
Total 20
11