SMU

ASSIGNMENT
SEMESTER – 1
MBO024

Statistics For Management

SUBMITTED BY:
MUSHTAQ AHMAD PARA
MBA
ROLL NO.- 520950361
 STATISTICS FOR MANAGEMENT

MB0024

ASSIGNMENT SET - 1

Case 1
ABC Branch of XYZ Bank has decided to give 10 Lakh of loan each on long
term basis to only two of their customers (accountholders), who are
businessmen of the locality. About 20 businessmen had applied for loan in
order to develop their business further. In order to reject some of the
applications (as the fund was limited), the Bank decided that
accountholder who had maintained a minimum balance of 50000 INR
would only be considered for the loan. As a result, 10 applications were
automatically rejected as they were not satisfying the requirement of
minimum balance. Now, the 10 applications remained and it was found
that monthly minimum balance in all the cases were more than 50000 INR
for the last 12 months. Their account details of monthly minimum balance
are given below.

Months Monthly Minimum Balance in INR

A/C A/C A/C A/C A/C A/C A/C A/C A/C A/C
Hold Holde Hold Hold Hold Hold Hold Holde Hold Holde
er 1 r2 er 3 er 4 er 5 er 6 er 7 r8 er 9 r 10

Jan, 600 5600 6600 8600 5600 5900 5900 52000 5300 56000
2008
Feb, 00
700 0
7600 0
7400 0
9600 0
7600 0
9600 0
7800 73000 0
9800 76000
2008
Mar, 00
550 0
1100 0
1120 0
1900 0
1100 0
1200 0
1150 11200 0
1130 12000
2008
Apr, 00
900 00
8900 00
9000 00
9800 00
8900 00
9700 00
8700 0
93000 00
6600 0
89000
2008
May, 00
560 0
8800 0
8400 0
8400 0
8800 0
9800 0
9000 89000 0
8700 86000
2008
Jun, 00
800 0
5200 0
5700 0
5700 0
5200 0
5700 0
5500 54000 0
5900 72000
2008
Jul, 00
820 0
5800 0
9600 0
6600 0
5800 0
5600 0
8600 55000 0
9800 98000
2008
Aug, 00
790 0
9500 0
5500 0
9300 0
9500 0
9800 0
9900 96000 0
5900 95000
2008
Sept, 00
510 0
8600 0
7600 0
7400 0
8600 0
8800 0
8900 97000 0
8700 84000
2008
Oct, 00
950 0
9000 0
9500 0
9900 0
9000 0
9900 0
9500 99000 0
9500 90000
2008
Nov, 00
820 0
8200 0
8700 0
8400 0
8200 0
8800 0
8700 88000 0
8600 82000
2008
Dec,20 00
830 0
5500 0
5600 0
5700 0
5500 0
5900 0
5900 59000 0
5200 53000
08
You as an00 0
Assistant 0
Branch 0
Manager 0 the Bank
of 0 are0entrusted the 0
task of
selecting two account holders for sanctioning the loans. How you will
select the two individuals among the 10 applicants to give the loan using
appropriate statistical techniques? Give proper justification for your
selection.

Answer:-
Months Monthly Minimum Balance in INR

A/C A/C A/C A/C A/C A/C A/C A/C A/C A/C
Hold Hold Hold Hold Hold Hold Hold Hold Hold Hold
er 1 er 2 er 3 er 4 er 5 er 6 er 7 er 8 er 9 er 10

Jan, 600 5600 6600 8600 5600 5900 5900 5200 5300 5600
2008
Feb, 00
700 0
7600 0
7400 0
9600 0
7600 0
9600 0
7800 0
7300 0
9800 0
7600
2008
Mar,20 00
550 0
1100 0
1120 0
1900 0
1100 0
1200 0
1150 0
1120 0
1130 0
1200
08
Apr, 00
900 00
8900 00
9000 00
9800 00
8900 00
9700 00
8700 00
9300 00
6600 00
8900
2008
May,20 00
560 0
8800 0
8400 0
8400 0
8800 0
9800 0
9000 0
8900 0
8700 0
8600
08
Jun, 00
800 0
5200 0
5700 0
5700 0
5200 0
5700 0
5500 0
5400 0
5900 0
7200
2008
Jul, 00
820 0
5800 0
9600 0
6600 0
5800 0
5600 0
8600 0
5500 0
9800 0
9800
2008
Aug, 00
790 0
9500 0
5500 0
9300 0
9500 0
9800 0
9900 0
9600 0
5900 0
9500
2008
Sept,2 00
510 0
8600 0
7600 0
7400 0
8600 0
8800 0
8900 0
9700 0
8700 0
8400
008
Oct, 00
950 0
9000 0
9500 0
9900 0
9000 0
9900 0
9500 0
9900 0
9500 0
9000
2008
Nov, 00
820 0
8200 0
8700 0
8400 0
8200 0
8800 0
8700 0
8800 0
8600 0
8200
2008
Dec, 00
830 0
5500 0
5600 0
5700 0
5500 0
5900 0
5900 0
5900 0
5200 0
5300
2008 00 0 0 0 0 0 0 0 0 0

Avera 73.56 78.06 79 90.33 78.06 84.56 83.25 80.56 79.97 83.47
ge

As an Assistant Branch Manager of the Bank , I will give 10 lakh loan to each. Give
the minimum before of 50,000 would only be consider for one and all the A/C
holders have more than 50,000 as minimum balance. While looking at the
statement, it has been observed that only two A/C holders A/C holder no. 4 and A/C
holder no. 6 have maximum average balance in their A./C, that should eligible for
the loan for Rs. 10 lakh