NORTH SOUTH UNIVERSITY

MBA/EMBA PROGRAM
FALL- 2021
Course Title: Business Statistics
Course Code: BUS-511

Assignment(First Part) using IBM SPSS. Marks:30

First enter the Real Estate data into SPSS from the Excel Program you are supplied with.
Assume the 105 homes is population.
Select a sample of size ------- and answer the following exercises using your sample data.

Exercise 1: Refer to the Real Estate data, which report information on homes sold in the
area last year.
a) Consider the following variables: selling price, number of bed rooms, township and
garage.
i)Which of the variables are qualitative and which are quantitative? [1]
ii)Determine the level of measurement for each of the variables. [1]
b) Determine a frequency table and relative frequency table from the variable
“Township” and interpret. [2]
c) Select an appropriate class interval and organize the “Selling prices” into a frequency
distribution table and interpret. [3]
Determine the mean, median, mode, variance and standard deviation from your frequency
distribution table. [Manually]. [4]
Also find skewness from these grouped data. Comment. [2]
d) Compute the Mean, Median, Mode, Range, Standard Deviation, Variance, Quartiles,
Deciles, 85th Percentile of “Selling price” from the raw data of your sample and interpret.
Determine the skewness and interpret. [4]
e) Compare the mean you found in (c) and in (d). Which mean is more appropriate and why?
[1]

f) Almost all of the of the selling prices are between what two values? What rule do you use
to answer to this question? [You can use either Raw Data or Grouped Data] [3]
The distribution of the prices of homes of a sample selling prices is symmetric, and bell-
shaped. What percent of the prices of homes will lie:
i) Between X  2Sand X  2S ? Determine the two values.
[2]
ii) Between X and X  2S ? And Below X  2S ? Determine the values.
[2]

g) What is an outlier? Is there any outlier in your data set “Selling prices of Homes?” Use formulae
to determine the outliers, if any. [Manually]. [3]
Exercise 2: Develop a Bar Diagram and also a Pie chart for the variable “Township”. Interpret both
the charts [2]
Exercise-3: a) Develop a 99 percent confidence interval for the mean selling price of the homes. And
interpret. [2+2=4]
b) Develop a 95 percent confidence interval for the mean size of homes. And interpret.

Submission Date and Time: on or before 20/12/2021 Midnight.