Statistical Analysis

AFTERSCHOOOL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Statistical Analysis
Dr. T.K. Jain. AFTERSCHOOOL Centre for social entrepreneurship Bikaner M: 9414430763 tkjainbkn@yahoo.co.in www.afterschool.tk www.afterschoool.tk
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What is the covariance and correlation of the two series of X and Y as under:

2 3 4 6
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7 9 4 2

AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Solution. . .
 Calculate

their averages.  Find the differences of each of the values from the mean (called deviations or Dx and Dy). Now find the product of these differences. Now find the average of these differences.  We get -3.375 and correlation is -.85 as the answer.
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Find the covariance and correlation of the two series as under:

4 12 2 3
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9 23 3 5

AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Solution . .
1. 2. 3.

4. 5.

Calculate averages Find Dx and Dy Find standard deviations by taking square root of sum of squares of Dx and Dy. Find covariance Divide covariance by product of standard deviations to get correlation. Covariance is 30.75 and correlation is .994 answer.

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

My material cost 80, labour cost 40, fixed epxenses 20, Dep. 10 Selling price = 200 , sellling exp = 10. (80% variable) (all per unit). Production = 15000, sales 14000, stock = 3 month, WIP = nil, Debtors = 1 month, creditors = 2 month, other creditors = 1 month, Cash balance = 20000. Prepare my projected p/l statement, how much WCTL should I take? Capacity = 24000.
 Solution

on next page . . .

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Solution . . .prepare cost sheet (all figures in thousands).
Material cost = 80 * 15 = 1200  Labour cost = 40 * 15 = 600  Fixed exp = 20 *24 = 480  Depreciation=10 * 24 = 240  Total cost of production =2520  Less closing stock finished goods: (1/15 *2520) = 168  Cost of goods sold =2352  Add: selling exp =  Variable selling exp. 8*15 = 120  Fixed selling exp = 2*24 = 48  Total cost of sales = 2520 Sales = 200 *14 = 2800 Profit (sales – cost) = 2800 – 2520 = 280 answer.
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ABO UT A FTERSCH OOO L
Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Why such a programme?

To promote people to take up entrepreneurship and help develop the society To enable people to take up franchising and other such options to start a business / social development project To enable people to take up social development as their mission To enable people to promote spirituality and positive thinking in the world
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Who are our supporters?
 Afterschoolians,

our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us.  You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.

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About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs
    

Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee Option to take up part time job – so earn while you learn The only absolutely free course on internet
AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

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Workshops from AFTERSCHOOOL
        

IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad
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Flexible Specialisations:
         

Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance

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Salient features:
The only programme of its kind (in the whole world)  No publicity and low profile course  For those who want to achieve success in life – not just a degree  Indepth knowledge and expertise  Professional approac: World class approach  Strong intellectual and business capabilities  Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes  Scholarships for those from poor economic background  Latest and constantly changing curriculum – keeping pace with the time  Placement for those who are interested  Admissions open throughout the year  Latest and most advanced technologies, books and study www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS material

Components
             

Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)
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Pedagogy
         

Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) Rural development / Social welfare projects

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Branches
 AFTERSCHOOOL

will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.

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Case Studies
 We

want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.

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AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

Basic values at afterschoool
       

Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help Ask fundamental questions : why, when, how & where? Embrace change – and compete with yourself only
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www.afterschoool.tk social entrepreneurship for better society

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