School of Business Management, Mumbai

Narsee Monjee Institute of Management Studies

Case Analysis – World College

[Statistical Inference for Decision Making]

Group - 1
Aman Bansal (D017)
Aaditya Shah (D020)
Riya Singhal (D022)
Nishit Betala (D023)
Srijita Paul (D035)
Anuj Khimani (D047)

Date: 10th October 2020

Faculty: Prof. Arti Deo
Type: Group Assignment
 Introduction-
Asian students choose the MBA program for the corporate success. The number of MBA
entrance applications has been rising at 30% a year. Major reason for the rise in applications
is because MBA can provide a greater earning power. Asians are showing increasing
willingness for the MBA program. World College wants to make their program more
competitive and is conducting a research among 25 leading business schools. We have used
different techniques such as – and have prepared a report.

Full-Time Students Foreign

Business Enrollmen per Local Tuitiion Starting
School t Faculty Tuition ($) ($) Age %Foreign Salary ($)
Max 420 20 32346 32947 40 84 82896
Min 34 2 1069 2831 22 1 9530
Mean 235.24 9 18636.2 19303.56 31.24 42.28 46972.44
Median 251 7 19996 20858 31 34 46530
Std Dev 117 6 9371 9297 5 28 21791
variance 13576 38 87813866 86431231 25 772 474832247
Quartile 1 143 4 10299 11795 27 17 31068
Quartile 3 323 12 26198 24539 35 69 62617
- - -
0.07855015 0.554315 0.19319733 0.40658214 0.088234 0.17223915 0.27858334
Skewness 3 6 9 7 3 2 2

When comparing the other factors like GMAT, English test requirement etc to starting salary, we
found the following conclusions:

  Accreditation   English Test

  Average of Starting Salary ($)   Average of Starting Salary ($)
No 47221 No 49520
Yes 46807 Yes 45539
Total Total
Average 46972 Average 46972
  GMAT   Residential
  Average of Starting Salary ($)   Average of Starting Salary ($)
No 39216 No 49856
Yes 55375 Yes 41846
Total Total
Average 46972 Average 46972

  Work Experience
  Average of Starting Salary ($)
No 45638
Yes 48204
Total
Average 46972

Performing Regression Analysis of Starting Salary with full time enrolment

Starting Salary ($)

90,000

80,000
70,000

60,000

50,000 f(x) = − 36.5 x + 55558.18

R² = 0.04
40,000

30,000

20,000

10,000

0
0 50 100 150 200 250 300 350 400 450
Performing Regression Analysis of Foreign Tution with Percentage of Foreign students

%Foreign
90

80

70

60

50

40 f(x) = − 0 x + 44.33
R² = 0
30

20

10

0
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000

Performing Regression Analysis of Full time enrolment with students per faculty

Students per Faculty

25

20

15

10
f(x) = 0 x + 8.14
R² = 0

0
0 50 100 150 200 250 300 350 400 450
Performing Regression Analysis of Full time enrolment with local tuition

Local Tuition ($)

35,000

30,000

25,000

20,000 f(x) = 18.51 x + 14281.94

R² = 0.05

15,000

10,000

5,000

0
0 50 100 150 200 250 300 350 400 450

Performing Regression Analysis of Full time enrolment with foreign tuition

Foreign Tuitiion ($)

35,000

30,000

25,000 f(x) = 37.68 x + 10440.75

R² = 0.22
20,000

15,000

10,000

5,000

0
0 50 100 150 200 250 300 350 400 450
Recommendations and Conclusion:
1. As we have concluded from the data given that among all the factors full time enrolment
of was the most correlated with foreign tuition fees. This means B schools which
accepted more foreign students in their programme had an overall higher enrolment as
compared to B schools which accepted less foreign students. From this observation we
recommend that B schools should start designing their programmes in such a way that
acceptance of foreign students as compared to local students to achieve their target of
competitiveness by increasing overall enrolment.

2. Also, we found out that higher the age higher was the starting salary after programme
completion. From this we recommend that B schools should give more preference to
older students while accepting them in their MBA programme.

3. We also observed that if students per faculty were more then also the starting salary of
students was higher so we would recommend that B schools should divide the students
under the faculty in such a manner that student to faculty ratio is higher and students also
get proper attention from their professors.

4. Full time enrolment should be between 225-240

5. Students per faculty should be in single digits

6. Local tuition should be below 20000

7. Foreign tuition should be below 25000

8. Foreign students should be around 35-40 %

9. Average Starting Salary should be greater than 45000

10. Students who enter without giving English test perform better in starting salary

11. After giving GMAT perform a lot better

12. Residential campuses result in a higher starting salary