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3 Data Summary and Interpretation
3 Data Summary and Interpretation
3 Data Summary and Interpretation
(Example E1)
X Y
(Avg no of hours (Annual salary
spent in office) in INR million)
_________________ ___________________
10.00 23
8.00 19
13.00 29
9.00 21
11.00 25
14.00 31
6.00 15
4.00 11
12.00 27
7.00 17
5.00 13
• Y = 2X +3
• Y = 2X +3 ?
Y
Y=0.5x + 3
(0,3)
x
7/19/2021 MBA 57 BDM Term IV 2021 7
The reality when Y is plotted against x
(perfectly in tune with the mental model!)
Y
Y=0.5x + 3
(0,3)
x
7/19/2021 MBA 57 BDM Term IV 2021 10
Wish to see company 2 raw data?
X Y
(Avg no of hours) (Annual salary)
_________________ ___________________
10.00 9.14
8.00 8.14
13.00 8.74
9.00 8.77
11.00 9.26
14.00 8.10
6.00 6.13
4.00 3.10
12.00 9.13
7.00 7.26
5.00 4.74
COMPANY 3 COMPANY 4
X Y X Y
10.00 7.46 8.00 6.58
8.00 6.77 8.00 5.76
13.00 12.74 8.00 7.71
9.00 7.11 8.00 8.84
11.00 7.81 8.00 8.47
14.00 8.84 8.00 7.04
6.00 6.08 8.00 5.25
4.00 5.39 19.00 12.50
12.00 8.15 8.00 5.56
7.00 6.42 8.00 7.91
5.00 5.73 8.00 6.89