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    CU - P2 - Statistical Analysis - S.chethan Kumar

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    five three
    The document provides statistical analysis of two datasets: 1) Glucose level data of 30 individuals. It calculates mean, median, mode, measures of dispersion like IQR, standard deviation, variance and coefficient of variation. It comments that standard deviation of 12.8 indicates variability around the mean of 111.4. 2) Management college fees data of 17 colleges. It calculates mean and standard deviation of the fees. For a claim that average fee is greater than Rs. 410,000, it tests this using a z-test at 5% significance and finds insufficient evidence to reject the null hypothesis that the average is Rs. 287821.2.

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    CU - P2 - Statistical Analysis - S.chethan Kumar

    Uploaded by

    five three
    12 views7 pages
    The document provides statistical analysis of two datasets: 1) Glucose level data of 30 individuals. It calculates mean, median, mode, measures of dispersion like IQR, standard deviation, variance and coefficient of variation. It comments that standard deviation of 12.8 indicates variability around the mean of 111.4. 2) Management college fees data of 17 colleges. It calculates mean and standard deviation of the fees. For a claim that average fee is greater than Rs. 410,000, it tests this using a z-test at 5% significance and finds insufficient evidence to reject the null hypothesis that the average is Rs. 287821.2.

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    CU_P2_Statistical Analysis _s.chethan kumar

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    The document provides statistical analysis of two datasets: 1) Glucose level data of 30 individuals. It calculates mean, median, mode, measures of dispersion like IQR, standard deviation, variance and coefficient of variation. It comments that standard deviation of 12.8 indicates variability around the mean of 111.4. 2) Management college fees data of 17 colleges. It calculates mean and standard deviation of the fees. For a claim that average fee is greater than Rs. 410,000, it tests this using a z-test at 5% significance and finds insufficient evidence to reject the null hypothesis that the average is Rs. 287821.2.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    12 views7 pages

    CU - P2 - Statistical Analysis - S.chethan Kumar

    Uploaded by

    five three
    The document provides statistical analysis of two datasets: 1) Glucose level data of 30 individuals. It calculates mean, median, mode, measures of dispersion like IQR, standard deviation, variance and coefficient of variation. It comments that standard deviation of 12.8 indicates variability around the mean of 111.4. 2) Management college fees data of 17 colleges. It calculates mean and standard deviation of the fees. For a claim that average fee is greater than Rs. 410,000, it tests this using a z-test at 5% significance and finds insufficient evidence to reject the null hypothesis that the average is Rs. 287821.2.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

    Project 1: Statistical

    Analysis
    Quantitative Methods
    Answer 1a

    Carefully construct and label a bar chart of these data on excel and attach the image to the
    template.

    Bar Chart
    160

    140

    120

    100

    80

    60

    40

    20

    0
    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
    Answer 1b

    Find the mean, median and mode for the ungrouped data.

    Mean 111.4
    Median 109
    Mode 113
    Answer 1c

    Find all the measures of dispersion for the given data.

    Measures of Dispersion
    Q1 101.25
    Q2(MEDIAN) 109
    Q3 120
    IQR 18.75
    Standard Deviation 12.83476
    Variance 164.731
    Coefficient of Variance 11.52133
    Answer 1d

    Comment on the data, given the shape of the histogram and the measures which you have
    calculated.

    So, the standard deviation is 12.8 mg/dL for the given data. Standard deviation tells
    us about the variability of values in a data set. It is a measure of dispersion, showing
    how spread out the data points are around the mean. The mean is 111.4 mg/dL,
    hence, the standard deviation states that the glucose level deviates around 12.8
    mg/dL from mean approximately.
    The coefficient of variations is low which states the consistency of the data, the lower
    the value, the more precise the estimate.
    Answer 2a

    Calculate the mean and standard deviation for the given data.
    Type of
    Fees
    College
    Private 778500
    Private 375000
    Private 264000
    Private 312000
    Private 597000
    Private 312000
    Government 80000
    Government 25000 Sample Mean 287821.2
    Private 413000
    Private 258000 Sample SD 216329.9
    Private 73200
    Private 495000
    Government 69000
    Government 60744
    Government 16280
    Government 41000
    Private 312500
    Private 476200
    Private 275000
    Private 523000
    Answer 2b

    According to a reputed Indian educational web portal report, the average fee of an
    undergraduate degree in management in India is greater than or equal to Rs. 4,10,000. Check if
    this claim is statistically valid at a 5% level of significance.

    Null Hypothesis µ = 287821.2


    Alternate Hypothesis µ > 287821.2

    Reject Null Hypothesis if z > 1.645

    Z = 2.5
    Z < 1.645
    Hence, we accept the null hypothesis.

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