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Lab Assessment Report Template
Lab Assessment Report Template
LAB ASSESSMENT-1
REPORT
Course: BUSINESS Subject Code: MBA222C6
ANALYTICS
TABLE OF CONTENTS
Contents
SECTION-A..............................................................................................................................2
QUESTION-1.........................................................................................................................2
QUESTION-2.........................................................................................................................3
QUESTION-3.........................................................................................................................4
SECTION-B..............................................................................................................................5
QUESTION-1.........................................................................................................................5
QUESTION-2.........................................................................................................................6
QUESTION-3.........................................................................................................................8
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
SECTION-A
QUESTION-1
1.1. Export the data into Microsoft Access. Write all the steps which you would
follow in order to correctly import the data
Answer:
Follow the steps to import the excel data into Microsoft Access:
a. Open Microsoft Access and click on “Blank Database”
b. Create the blank database
c. Import the data from three sheets
i. From “External Data” menu selects “New Data
Source”—From file --- Excel
ii. Firstly select “CUSTOMERS DATA” and then next
iii. Select “First row contains columns headings”
iv. Import spreadsheet wizard – select “first row contains
column headings” and NEXT
v. Check the datatype of each column (Note: all the columns
must be identified as short text)
vi. Choose the primary key as “INVESTOR ID”
vii. Finish
viii. Repeat the step for next worksheets “INVESTMENT
DATA”, STATUS, PURPOSE, CUSTOMER VALUE.
Ensure to use “INVESTOR ID” as primary key
1.2. Take screenshots (Windows key + PrtScr key) at every stage and paste the
same after each step followed. (do this procedure only for one worksheet and not for
all 5 sheets)
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
Step-3 Go to external data and import the file you require from excel
1. Click on External data tab
2. Click on import from excel
4. Make sure all the data variables are in short text format
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
5. Choose your own primary key, wherein I have used INVESTOR ID as the
Primary key
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
I have chosen Investor ID as the primary Key. Because it is a unique data and a
linking key of all the sheets
1. Uniqueness: A primary key must be unique for each record in the table. This uniqueness
ensures that each record can be uniquely identified and distinguished from others.
2. Data Integrity: The primary key helps maintain data integrity by preventing duplicate
records from being entered into the table. It enforces the integrity of the data and ensures
accuracy.
3. Efficient Retrieval: The primary key is used to index the table, making data retrieval faster
and more efficient. It allows the database management system to quickly locate and access
specific records.
4. Relationships: Primary keys are often used to establish relationships between tables in a
relational database. Foreign keys in other tables reference the primary key of a table, creating
links between related data.
5. Joins: Primary keys are commonly used in join operations to combine data from multiple
tables. When joining tables, primary keys help identify the corresponding records to be
merged.
6. Clustered Indexing: In many database systems, the primary key determines the physical
order of data storage on disk. This can enhance query performance for certain types of
queries.
7. Simplicity: A primary key should be simple, stable, and unlikely to change. Using an
existing attribute, such as a unique identifier or a natural key, can simplify database design
and maintenance.
8. Autonumbering: Often, databases use auto-incrementing integers as primary keys. This
ensures a new unique value is generated automatically for each new record added to the table.
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
QUESTION-2
2.1. Create relationship diagram by creating one-to-one relationship between 5
tables provided (Note: first worksheet should be linked with all the rest) – Take
screenshot of the relationship diagram and explain the steps followed.
Step-1 Click the database tools tab
Step-2 Click the relationship button
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
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BUSINESS ANALYTICS LAB TEST-1 MBA222C6
2.2. Using query command, retrieve the variables considered important for
conducting summary analysis. (Note: The variables important for the case will be
provided)
Once relationships are maintained one can generate customised dataset using querying. The
steps are as followed;
Step-1 Go to “create”
Step-2 Query design within queries
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Step-4 Select “RUN” and save the file obtained as “case study”
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QUESTION-3
3.1. Export the data variables important for analysis and save the data in excel
format. Take a screenshot of the excel sheet with headings
SECTION-B
QUESTION-1
1.1. Based on the variables exported from Microsoft access, answer the following
questions
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QUESTION-2
2.1. Conduct visualization for each variable provided. (you can choose pivot tables
or charts directly).
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GENDER
Female Male
INFERENCE : Here the Gender is nearly equally distributed, Female are 496 in number
and Male are 507, where number of male investors are more than female investors.
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Chart Title
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
INFERENCE : The dataset shows moderate mean (261,774.375) with relatively low
variability (standard deviation of 138,090.2843) and the distribution is slightly skewed and
exhibits negative kurtosis.
C. Variable 3 (Obtain atleast two chart for each variable)
INFERENCE : Here, we can conclude that maximum number of investors are bachelor
degree holders and 26% of them have masters, where as remaining 34% of the investors are
high school and Ph.D holders.
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Investment Type
Mutual funds
Real estate
27% Stocks
40%
Bonds
10%
23%
INFERENCE : Stocks and bonds together contribute 63% of the investments, whereas
investors have least interest in real estate (10%).
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Investment Return
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
r t
ur
n
ea
n ro ia
n
od
e
tio
n
nc
e sis ss ng
e
um um m un
et Er ed ia rto ne Su Co
R M
rd
M via r u w Ra im im
t M
De Va K
Sk
e in ax
en nda d le M M
s tm St
a
da
r
m
p
ve an Sa
In St
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INFERENCE : The dataset's central tendency is near the median (0.8) and mean (0.6974),
exhibiting low variability (standard deviation 3.191808403). The distribution appears slightly
negatively skewed with negative kurtosis, while the range spans from -5 to 6.
F. Variable 6 (Obtain atleast two chart for each variable)
InvestmentRis
k FREQ
1 207
2 211
3 183
4 215
5 183
InvestmentRisk
7% 1
13% 2
33% 3
4
5
20%
27%
Investment Risk
215
211
207
183
183
1 2 3 4 5
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QUESTION-3
3.1. Conduct univariate analysis of each qualitative variable separately and draw inference
GENDE FRE
R Q
Female 493
Male 507
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Here the Gender is nearly equally distributed, Female are 496 in number and Male are 507,
where number of male investors are more than female investors.
INFERENCE: The given frequency table indicates a nearly balanced distribution between
genders. With 507 males and 493 females, there is no significant gender disparity in the
dataset, suggesting a relatively equitable representation of both genders in the analyzed
context.
EducationLev
el FREQ
master 262
bachelor 396
high school 236
Ph.D 106
INFERENCE : Here, we can conclude that maximum number of investors are bachelor
degree holders and 26% of them have masters, where as remaining 34% of the investors are
high school and Ph.D holders.
The frequency table outlines the education levels within the dataset. Among the categories,
"bachelor" has the highest frequency (396), followed by "master" (262), "high school" (236),
and "Ph.D" (106). This suggests that a significant portion of the dataset holds a bachelor's
degree, followed by master's and high school education levels. The relatively lower frequency
of "Ph.D" indicates a smaller representation of individuals with doctoral degrees in the
dataset.
Investment
Type FREQ
Mutual funds 273
Real estate 96
Stocks 233
Bonds 398
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INFERENCE: The frequency table presents data on various investment types. "Bonds" have
the highest frequency (398), indicating that they are the most common investment type in the
dataset. "Mutual funds" follow with a frequency of 273, while "Stocks" have 233 instances.
"Real estate" appears the least frequent with 96 occurrences. This suggests that bonds are the
preferred investment choice among the given options, followed by mutual funds and stocks.
Real estate seems to be the least favored investment type in this dataset.
InvestmentRisk FREQ
1 207
2 211
3 183
4 215
5 183
INFERENCE: The frequency table shows how "InvestmentRisk" levels are distributed
throughout the sample. Each risk level appears almost equally often in the distribution,
indicating a generally balanced pattern. Levels 1 and 2 occur 207 and 211 times, respectively,
while levels 3 and 5 do so 183 times apiece. The Level 4 frequency is 215, which is the
highest. This indicates that there is no obvious dominance of any one risk level, and that the
dataset includes a wide variety of investment risk preferences.
InvestmentGoa
ls FREQ
Wealth 403
Retirement 260
Education 337
INFERENCE: The provided data displays the distribution of investment goals among a
group. "Wealth" is the most common goal, selected by 403 individuals. "Education" follows
with 337 individuals, and "Retirement" is chosen by 260. This suggests that a majority aim
for wealth accumulation, while a significant number prioritize education and retirement
planning.
Investment
Knowledge FREQ
1 171
2 185
3 217
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4 201
5 224
INFERENCE: People's investment knowledge varies across different levels. The majority
have moderate knowledge (level 3: 217), while others range from low (level 1: 171) to high
(level 5: 224) understanding.
The frequency distribution represents levels of "Investment Knowledge." Among the options,
level 5 has the highest frequency (224), indicating a relatively higher investment knowledge
for those individuals. Level 3 follows closely with 217 instances, suggesting a strong
understanding of investment concepts
3.2. Conduct univariate analysis of each quantitative variable and draw inference
INFERENCE: The mean return for this dataset is approximately 0.525, indicating a relatively
small average return. The standard deviation of about 3.455 suggests a medium level of risk
in the returns. This means that the individual returns deviate from the mean by 3.455,
indicating a certain level of volatility in the dataset.
The provided data represents a series of investment returns. The returns vary widely,
including positive and negative values. The highest return is 6, and the lowest is -5. This data
suggests a range of investment outcomes, with both profitable and loss-making returns.
Further analysis, such as calculating the mean and standard deviation, can provide more
insights into the overall performance and risk associated with these investments.
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INFERENCE:
Minimum income: 9,104
Maximum income: 499,649
Range : 490,545
The data represents a wide range of annual incomes, with the lowest income being 9,104 and
the highest income being 499,649.
Mean The average annual income is around $235,573.
Median : The middle annual income value is between the 250th and 251st values when
sorted.
Standard Deviation: Incomes vary from the average, showing how spread out they are around
$235,573. Higher deviation means more income variability.
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