Sr. No.

Name Of Student Marks Out Of 100

1. AJAY YADAV 38
2. SUHANI MAURYA 42
3. ABHINAY KUMAR YADAV 35
4. ANKUR SINGH 49
5. ABHISHEKH KUMAR 40
6. VIBHUTI PATHAK 45
7. ADITYA SINGH 30
8. ROHIT KUMAR 48
9. KRISH UPADHYAY 43
10. ABHISHEKH KUMAR 37
11. VAISHNAVI TIWARI 44
12. SIDDHARTH SINGH 39
13. ASHIKA YADAV 41
14. SHIVAM PAL 46
15. PURAB SRIVASTAVA 32
16. SATYAM KUMAR 47
17. NIKHIL KUMAR 36
18. PRATHAM SINGH 50
19. KRISH UPADHYAY 34
20. ASTHA KUMARI 31
ASSINGMENT 1
Submitted by: Ved Sanjiv Udawant

Division:16

Subject: QUANTITATIVE TECHNIQUES FOR BUSINESS DECISION MAKING.

Enrolment/Roll Number Name of student

1062232847 Ved Sanjiv Udawant

THE DATA GIVEN BELOW ARE THE MARKS OF 20 STUDENTS SCORED

1. Calculate the five number summary for this data.

2. Calculate the Descriptive Statistics or summary statistics.

3. Use the Excel Analysis – Tool Pac to calculate the descriptive statistics.

4. Which measures would you use to provide a measure of average and spread?

1.FIVE NUMBER SUMMARY

Sorted Data (in ascending order):

30, 31, 32, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50

1. Minimum: 30
2. Q1 (25th percentile): 36.25
3. Median (Q2, 50th percentile): 40.5
4. Q3 (75th percentile): 44.75
5. Maximum: 50

So, the five-number summary for this dataset of student marks is:

1. Minimum (Min) 30

2. First Quartile (Q1) 36.25

3. Median (Q2) 40.5

4. Third Quartile (Q3) 44.75

5. Maximum (Max) 50
 2. Descriptive Statistics OR Summary statistics.

1. Total/Sum 855
2. Average/ A.M 42.75
3. G.M 41.35
4. H.M 38.65
5. Median 41
6. Mode NA
7. SD 6.04
8. Variance 36.47
9. Count 20
10. Minimum Value 30
11. Maximum Value 50
12. Range 20
13. Q1 35.5
14. Q2 40.5
15. Q3 47.5
16. D5 32.1
17. D8 34.2
18. P50 41
19. P86 34.2
20. Kurtosis -1.098939
21. Skewness -0.103681.
22. Coefficient of variation 14.11%

Here's the interpretation of the provided descriptive statistics for the sorted dataset:

1. Total/Sum: The sum of all values in the dataset is 855. This represents the combined value
of all data points.

2. Average (Arithmetic Mean): 42.75 The average or arithmetic mean is calculated by

dividing the sum of all values by the number of values. In this dataset, the average is
approximately 42.75.

3. Geometric Mean (G.M): 41.35 The geometric mean is another measure of central tendency
that is useful when dealing with values that vary exponentially. In this dataset, it is
approximately 41.35.

4. Harmonic Mean (H.M): 38.65 the harmonic mean is another type of average used when
dealing with rates or ratios. It is approximately 38.65 in this dataset.

5. Median (Q2): the median is 41 The median represents the middle value in the dataset when
arranged in ascending or descending order. In this dataset, the median is 41.

6. Mode: There is no single mode in this dataset as all values occur only once. The mode is
the value that appears most frequently in a dataset. In this case, there is no mode as each
value appears only once
7. Standard Deviation (SD): The standard deviation is approximately 6.04 The standard
deviation measures the dispersion or spread of data points around the mean. A lower value
indicates that data points are closer to the mean, and a higher value suggests greater
variability.

8. Variance: The variance is approximately 36.47 The variance is the square of the standard
deviation and provides a measure of the spread of data.

9. Count: There are 20 values in the dataset. This is the total number of data points in the
dataset.

10. Minimum Value: 30 This is the smallest value in the dataset.

11. Maximum Value: 50 This is the largest value in the dataset.

12. Range: Maximum – Minimum = 20 The range is a measure of how spread out the data is
and is calculated by subtracting the minimum value from the maximum value. In this case,
the range is 20.

13. First Quartile (Q1): 35.5 The first quartile is the value below which 25% of the data falls.

14. Third Quartile (Q3): 47.5 The third quartile is the value below which 75% of the data
falls.

15. D5 (5th Percentile): 32.1 This represents the value below which 5% of the data falls.

16. D8 (8th Percentile): 34.2 This represents the value below which 8% of the data falls.

17. P50: P50 is 41 P50 is another way to denote the median. It is the 50th percentile,
indicating that 50% of the data falls below this value.

18. P86: P86 is approximately 34.2 This represents the 86th percentile, indicating that 86%
of the data falls below this value.

19. Kurtosis: -1.098939 Kurtosis measures the shape of the data distribution. A negative
value suggests that the distribution is less peaked than a normal distribution and has thinner
tails.

20. Skewness: -0.103681 Skewness measures the asymmetry of the data distribution. A
negative value suggests that the data is slightly skewed to the left, meaning that the tail on the
left side of the distribution is slightly longer or heavier.

21. Coefficient of Variation: 14.11% The coefficient of variation is a measure of relative

variability. It is expressed as a percentage and indicates that the standard deviation is
approximately 14.11% of the mean.

These statistics collectively provide insights into the central tendency, spread, shape, and
overall characteristics of the sorted dataset
 3. Descriptive Statistics – Using Excel Analysis Toolpak

Mean 42.75
Standard Error 1.35
Median 41
Mode NA
Standard Deviation 6.04
Sample Variance 36.47
Kurtosis -1.098939
Skewness -0.103681.
Range 20
Minimum 30
Maximum 50
Sum 855
Count 20

Here are the calculated descriptive statistics for the dataset

1. Mean (Average): 42.75

The mean represents the sum of all values in the dataset divided by the number of values.
In this case, it suggests that, on average, the data points are around 42.75.

2. Standard Error (SE): 1.35

The standard error is a measure of the variation or uncertainty in the sample mean. It
indicates that the average value of the data is expected to vary by approximately 1.35
units from sample to sample.

3. Median: the median is 41

The median represents the middle value in the dataset when arranged in ascending or
descending order. In this dataset, the median is 41.

4. Mode: There is no single mode in this dataset as all values occur only once
The mode is the value that appears most frequently in a dataset. In this case, there is no
mode as each value appears only once

5. Standard Deviation (SD): The standard deviation is approximately 6.04

The standard deviation measures the dispersion or spread of data points around the mean.
A lower value indicates that data points are closer to the mean, and a higher value
suggests greater variability.

6. Sample Variance: 36.47 Sample variance quantifies the spread of data points.
A higher value indicates greater variability from the mean. In this dataset, the sample
values are spread out, as indicated by the relatively high variance.
7. Kurtosis: -1.098939
Kurtosis measures the shape of the data distribution. A negative value suggests that the
distribution is less peaked than a normal distribution and has thinner tails.

8. Skewness: -0.103681
Skewness measures the asymmetry of the data distribution. A negative value suggests that
the data is slightly skewed to the left, meaning that the tail on the left side of the
distribution is slightly longer or heavier.

9. Range: 20
The range is a measure of how spread out the data is and is calculated by subtracting the
minimum value from the maximum value. In this case, the range is 20.

10. Minimum Value: 30

This is the smallest value in the dataset.

11. Maximum Value: 50

This is the largest value in the dataset.

12. Sum: 855

The sum represents the total of all values in the dataset.

13. Count:
There are 20 values in the dataset. This is the total number of data points in the dataset.

These statistics collectively provide insights into the central tendency, spread, shape, and
overall characteristics of the dataset.

4. Measure of Central tendency would be preferred is Arithmetic Mean and Measure of

Dispersion is Standard Deviation or variance.