Business Analytics

Prof. Sharad Borle

Assignment Week 1

NANCY KHAKHAR – 24PGDM0017

ANS 1
1A

MEAN 125085.7115
MEDIAN 118957.03
MAX 340557.26
MIN 110357.28
RANGE 230199.98
STANDARD
DEVIATION 19898.30287

1B

128685.71
NEW MEAN 1
NEW MEDIAN 122557.03
NEW STD 19898.302
DEVIATION 9

Calculating the effect of a $300/month increase in BasePay on TotalPay

Annual increase = $300 * 12 = $3600

When only the Base Pay increases by $300/month without affecting Overtime
Pay or Other Pay, the mean and median of Total Pay will both increase by
$300x12=3600, since the increase in Base Pay directly contributes to Total Pay.
However, the standard deviation will remain unchanged because it measures the
dispersion or spread of the data, and the proportional relationships between
values remain the same

1C

Assignment 1 1
 Business Analytics
Prof. Sharad Borle

Function Total Pay

128838.28
NEW MEAN 3
122525.74
NEW MEDIAN 1
NEW STD DEV 20495.252

When all components (Base Pay, Overtime Pay, and Other Pay) increase by 3%,
the mean, median, and mode of Total Pay will increase by a factor of 3%. This is
because all values are being scaled equally, so the proportional relationships
within the data remain the same, leading to a proportional increase in these
measures. However, the standard deviation will also increase because the
spread of the data increases with the increase in all components.

1D

Part (b) demonstrates that changes affecting only one component of the data,
while keeping others constant, will impact the mean and median but not the
standard deviation. On the other hand, part (c) illustrates that proportional
changes across all components will affect all statistical measures proportionally,
including the standard deviation. Therefore, the mean and median are sensitive
to changes in the centre of the distribution, while the standard deviation is
sensitive to changes in the spread of the distribution.

ANS 2

Funcation Value
MIN 529
MAX 393757
RANGE (ANS 2A) 393228
MEAN (ANS 2C) 42361
MEDIAN (ANS 2C) 20782
STD DEV (ANS 2D) 54855.90853

Assignment 1 2
 Business Analytics
Prof. Sharad Borle

25th Percentile – QUARTILE 1 ( ANS

2D) 9656
75th Percentile – QUARTILE 3 ( ANS
2D) 53450
IQR (ANS 2D) 43794
Count of movie 205
Bin Width 14854.56674
STD DEV above mean 97217
STD DEV below mean -12495
2 STD DEV above mean 152072.6854
2 STD DEV below mean -67350.94877
Within 2 STD DEV 196
Within 1 STD DEV 181
Percentages within 1 SD 88.29268293
Percentages within 2 SD 95.6097561

ANS 2F
Function Value
New Median 20.782
New Mean 42.36086829
New Std Dev 54.85590853
New 25th quartile 9.656
New 75th Quartile 53.45
New IQR 43.794
Bin Width 14.85456674

2C

When the mean exceeds the median, it shows a positively skewed distribution,
indicating a few very high values pulling the average up. In terms of movie
revenues, blockbuster hits greatly inflate the total, skewing the mean higher
compared to the median.

ANS 2 D - High revenue movies are evident by a large standard deviation

relative to the mean and median, showcasing significant dispersion.

ANS 2 B

Assignment 1 3
 Business Analytics
Prof. Sharad Borle

ANS 3

3 A - 0.25249254

3 B - 0.31284403

3 C - 4125.61001

Assignment 1 4
 Business Analytics
Prof. Sharad Borle

ANS 4
Probabilit Probability
MEAN \SD y Z Score P(X<12000)
Probability of 5000+ 0.02275013 0.0091000
likes (Chihuahua) 10000 1000 0.4 2 2 5
Probability of 5000+
likes (Fine Dining) 12000 1000 0.3 0 0.5 0.15
-
Guaranteed likes 1.333333 0.2726366
(Fine Dining) 14000 1500 0.3 3 0.90878878 3
1.43153891
2

ANS 5

Number of Number of Probability of

Trials (n) Successes (k) Success (p)

100 5 0.05
250 14 0.05
250 15 0.05
250 20 0.05

Probability Probability of
of exactly 5 uncovering at
fraudulent Probability of least 15 but
returns uncovering at no more than Probability of
when 100 least 15 20 fraudulent uncovering no
are audited fraudulent returns when fraudulent
returns when 250 are returns when 250
250 are audited audited are audited
0.18001782
7 0.271163688 0.256307093 2.69713E-06

Assignment 1 5
 Business Analytics
Prof. Sharad Borle

ANS 6

Parameter Value
Variance per 15 min 5.29
Lambda per hour 21.16
Probability of more than 0.1713209
25 cust in an hr 9
Probability of exactly 10 0.0032042
cust in an hour 2

Assignment 1 6