COVER SHEET FOR THE REPORT

Student’s Group : B

Course Name : Business Mathematics & Statistics

Course Code : EMBA – 502

Submitted to : M. Amir Hossain, Ph.D., Professor, Applied Statistics, DU

Submitted Date : 25/09/2020

Group: B
Serial Name ID#
1. Md. Rashidul Islam 2020-1-91-003
2. Md. Mehedi Mostafiz 2020-1-91-004
3. Nasir Fakir   2020-1-91-005
4. Md Tanvir Mehedi 2020-1-91-011
5. Md. Shaheen Hossain 2020-1-91-018
6. Sudip Kumar Roy 2020-1-91-024

EMBA-502 REPORT 1
Contents
# Present the data (Frequency table and some graphs)......................................................................3
# Measures of central tendency...........................................................................................................4
# Measure of dispersion.......................................................................................................................7
# Correlation.........................................................................................................................................8
# Regression..........................................................................................................................................9

EMBA-502 REPORT 2
Problem: Here given salary data in thousands of East Coast Group, Address:
SW(G)8, Bir Uttam Mir Shawkat Road, Gulshan-1, Dhaka – 1212
40 42 44 47 48 48 49 30 32 33 34 34 35 36
37 38 60 65 65 65 68 52 54 55 55 55 58 58
70 75 75 75 78 80 80 85 85 90 90 95 100 120
120 130 140 150 160 180 210
Requirement:
1. Present the Data (Frequency table and some graphs)
2. Apply the measures of central tendency and dispersion to the appropriate variables.
3. Apply Correlation and regression

# Present the data (Frequency table and some graphs)

Here no. of data n= 49
Lowest data value =30
We can consider lower class limit of 1st value is 30
No. of classes ݊ൌ ξ 49 = 7 so, we can consider class interval around 7
Class interval = rangeൊ ݊‫݈ܽܿ ݋݂ ݋‬
‫= ݏݏ݁ ݏ‬ (210-30)/7 =25.71

let class interval 25

Frequency table
Class interval tally frequency
30 -55 IIIII IIIII IIIII III 18
55-80 IIIII IIIII IIIII 15
80-105 IIIII III 8
105-130 III 2
130-155 III 3
155-180 II EMBA-5021 REPORT 3
180-205 I 1
205-230 I 1
n= 49
# Measures of central tendency

class interval frequency(f) Mid point (x) f*x Cumulative frequency (cf)
30 -55 18 42.5 765 18
55-80 15 67.5 1012.5 33
80-105 8 92.5 740 41
105-130 2 117.5 235 43
130-155 3 142.5 427.5 46
155-180 1 167.5 167.5 47
180-205 1 192.5 192.5 48
205-230 1 217.5 217.5 49
Σf 49 Σf*x 3757.5

ஊ௙‫כ‬௫
Mean= с 3757.5/49 =76.68
ஊ ௙

EMBA-502 REPORT 4
Median:
Median = [L + {(N/2)-fc} x C] / fm

Where, N/2 = 49/2 = 24.5

Cumulative frequency more than 24.5 is 33

So, class interval 55-80 will be median level

L= Lower limit of median class = 55

fm= Frequency of median class = 15

fc = Cumulative frequency of pre median class= 18

C= Class interval = 55-30 = 25

So, Median = 55 +{(24.5 – 18)/15} x 25 = 65.83 = 66

EMBA-502 REPORT 5
Mode:

Where 30.55 is modal class, because 18 is highest frequency

So, L = Lower limit of modal class = 30
= Frequency difference between modal class and pre modal class = 18

= Frequency difference between modal class and post modal class = 3

C = Class interval = 2.5
Mode = 30 + {18/ (18+3)} x 2.5 =51.43 = 51

Mean > Median > Mode

76 > 66 > 51

EMBA-502 REPORT 6
# Measure of dispersion

Dispersion

class interval frequency(f) Mid point (x) x-x̄ Ix-x̄

I fIx-x̄
I f(x-x̄
)2
30 -55 18 42.5 -87.5 87.5 1575 137812.5
55-80 15 67.5 -62.5 62.5 937.5 58593.75
80-105 8 92.5 -37.5 37.5 300 11250
105-130 2 117.5 -12.5 12.5 25 312.5
130-155 3 142.5 12.5 12.5 37.5 468.75
155-180 1 167.5 37.5 37.5 37.5 1406.25
180-205 1 192.5 62.5 62.5 62.5 3906.25
205-230 1 217.5 87.5 87.5 87.5 7656.25
Σf 1040 ΣfIx-x'I Σf(x-x')2
49 3062.5 221406.25

Total mid value 1040

Average x̄= 130
‫ܫ‬
ȭ݂ ‫ ݔ‬െ ‫ܫ‬
‫ݔ‬lj
Mean deviation (MD) = = 62.5
ȭ݂

Variance S² = ‫ܫ‬
ȭ݂ ‫ ݔ‬െ ‫;ܫ‬
‫ݔ‬lj = 4518.49
ȭ݂

Standar deviation √S² =S 67.2197508

Coffi cient of varience CV= ௦ 51.7075

ΎϭϬϬс
௫lj

EMBA-502 REPORT 7
# Correlation

Correlation

East Coast Group Salary range and Grade given here

Salary depends on Grade, so Grade independen and salary dependent veriable

Salary range,
Grade (X)
thousand
25-55 4
55-75 3
115-145 2
175 -215 1

Salary range, Mid value of

Grade (X) x-x̄ y-ȳ (x-x̄
)² (y-ȳ
)² (x-x̄ )(y-ȳ)
thousand salary (Y)
25-55 4 40 1.5 -67.5 2.25 4556.25 -101.25
55-75 3 65 0.5 -42.5 0.25 1806.25 -21.25
115-145 2 130 -0.5 22.5 0.25 506.25 -11.25
175 -215 1 195 -1.5 87.5 2.25 7656.25 -131.25
x̄
=2.5 ȳ
=107.5 Σ(x-x̄ )² Σ(y-ȳ)² Σ(x-x̄ )(y-ȳ)
2.5 107.5 5 14525 -265

ȭሺ ljሺ
‫ݔ‬Ǧ‫ݔ‬ሻ‫ݕ‬Ǧ‫ݕ‬ሻ
lj
Correlation cofficient (r) = = -0.98
ξ ߑሺ
‫ݔ‬Ǧ‫ݔ‬ሻ ‫ݕ‬Ǧ‫ݕ‬ሻ
lj;ߑሺ lj;
There exists strong negetive correlation

Coffi cient of detemination = r² =0.96

So we can say, salary 96% depend on Grade

EMBA-502 REPORT 8
 Figure: Scatter diagram shows strong negative correlation

# Regression

Associate regrassion cofficient

We know standard regression model Y= a+bX

where a = ȳ-bx̄ =107.5-118(2.5)= -187.5

ȭሺ ljሺ
‫ݔ‬Ǧ‫ݔ‬ሻ‫ݕ‬Ǧ‫ݕ‬ሻ
lj െ
ʹ ͸ͷ
b= = = 118
ξ ߑሺ
‫ݔ‬Ǧ‫ݔ‬ሻ
lj; ξͷ
So regression model will be Y= -187.5+118X

--The End--

EMBA-502 REPORT 9