STATISTICAL ANALYSIS with SOFTWARE APPLICATION

ASSESSMENT NO. 2

1. Dr. X, President of Y University, gathered data from the journal “Academe” regarding the
average annual salaries of full professors at 160 universities. This information was collected in
response to criticism from the Y university faculty union that salaries, particularly at the
professor level, were low compared with those other universities. The raw data were presented
in Table 1. Summarize the result and explain the meaning of these measures. Include in your
report the various measures of central tendency and dispersion.

Table 1
Professor Salary of Y University (Pesos)

26,000 39,100 43,300 44,800 59,700 52,200 61,800 70,200

28,000 39,600 47,200 49,800 53,200 58,400 62,000 72,200
28,100 39,600 43,600 45,100 53,300 52,400 62,200 72,600
29,700 39,700 47,400 49,900 53,800 59,100 62,300 72,800
30,500 40,200 43,800 45,200 53,900 52,700 63,200 73,100
30,600 45,200 47,600 50,000 54,000 59,200 63,300 73,400
32,300 40,200 43,900 55,300 54,700 52,800 63,400 74,800
33,000 45,300 48,000 50,000 54,700 59,600 63,500 75,800
34,300 40,700 43,900 55,500 55,100 53,100 64,000 75,900
34,700 45,400 48,500 50,100 57,200 60,000 64,500 76,400
35,500 41,200 44,200 56,100 50,800 60,200 64,800 76,800
35,800 45,600 48,700 50,200 57,500 60,500 65,000 77,900
36,000 41,300 44,400 56,100 51,200 60,700 65,300 77,900
37,000 45,800 49,200 50,200 57,700 60,800 65,700 79,200
37,000 41,400 44,600 56,700 52,000 61,100 66,300 82,600
37,100 46,100 49,200 50,500 57,800 61,200 66,400 84,200
37,500 41,900 44,800 56,900 52,100 61,500 67,000 90,200
37,800 46,400 49,200 50,600 57,900 61,500 69,200 91,200
37,900 43,100 44,800 57,100 52,100 61,700 70,100 93,300
39,100 47,100 49,500 50,700 58,300 61,800 70,100 96,500

2. A sample of the amounts of funds customers first deposited in XY Bank (checking account)
revealed the following:

124,000 14,000 150,000 289,000 52,000 156,000 203,000 82,000 27,000 248,000

39,000 52,000 103,000 58,000 136,000 249,000 110,000 298,000 251,000 157,000
 186,000 107,000 142,000 185,000 75,000 202,000 119,000 219,000 156,000 78,000

116,000 152,000 206,000 117,000 52,000 299,00 58,000 153,000 219,000 148,000

145,000 187,000 165,000 147,000 158,000 146,000 185,000 186,000 149,000 140,000

Using the preceding raw data, determine the mean, median, mode and standard deviation using
Excel Data Analysis Tool. Interpret the result, that is, describe the central tendency and the
standard deviation.

3. Refer to the data given in Table 2. Prepare a report which include the mean, median, mode,
range, and standard deviation of the checking account balances for each of the four branches of
YZ National Bank. Compare the mean and the median balances for the four branches. Is there a
difference among the branches? Be sure to explain the difference between the mean and
median in your report. Include also, a brief interpretation of the standard deviation.

Table 2
Checking Account Balances
Manila Quezon City Pasig Mandaluyong
P 1,756,000 P 748,000 P 1,831,000 P 1,622,000
2,125,000 1,501,000 740,000 1,169,000
1,995,000 1,886,000 1,554,000 2,215,000
1,526,000 1,593,000 137,000 167,000
1,746,000 1,474,000 2,276,000 2,557,000
1,616,000 1,913,000 2,114,000
1,218,000 1,053,000
1,006,000 1,120,000
343,000 1,838,000
1,494,000