Business Statistics

Group No. 9D

Harshal Bhalerao DM20D79

Suyog Dhongade DM20D80

Pallav Pathak DM20D39

Shantanu Pradhan DM20D50

Vaishnavi Vasani DM20D57

Data Types
Particulars Data Type

Name of Student Nominal

UID of Student Nominal

Native City Nominal

Weekday Nominal

Date(DD-MM-YYY) Ordinal

Time Interval

Expenditure Type Nominal

Amount Interval

Remark Nominal
Measure of Location

 Mean = Sum of Observations / Total No. of

Observations
= 152198.00 / 262
= 580.91

 Median = The central value of the range

= 200

 Mode = The most frequently appearing value

= 200
Percentile
Rearrange the data in ascending order and calculate index(i)
i = (P/100)*(n+1)
Quartile
Q1 = 25th Percentile
i = (25/100)*(262+1) = 65.75
Q1 = 80

Q2 = 50th Percentile
i = (50/100)*(262+1) = 131.5
Q2 = 200

Q3 = 75th Percentile
i = (75/100)*(262+1) = 197.25
Q3 = 500
Measure of Variability

 Range  Standard Deviation

= Largest Value – Smallest Value = Square Root of Variance
= 25000 – 10 = 1743.14
= 24990

 Variance  Coefficient of Variance

= Sum of (Xi-Mean)2/(n-1) = (Standard Deviation/Mean)*100
= (796093635.8)/(262-1) = (1743.14/580.91)*100
= 3050167.19 = 300.07
Measure of Distribution
Distribution Shape
Distribution shape is a normal distribution curve which is a heap
shape(bell shape) curve.

Distribution Shape
0

0
0 2000 4000 6000 8000 10000 12000
-₹0.33
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.32
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.31
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30
-₹0.30

Z Score
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.29
-₹0.28
-₹0.28
-₹0.28

-0.33 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32 -0.32
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.28
-₹0.27

-0.32 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.31 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.26
-₹0.25
-₹0.25
-₹0.25
-₹0.25
-₹0.25

-0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.30 -0.29 -0.29 -0.29 -0.29
-₹0.25
-₹0.25
-₹0.25
-₹0.25
-₹0.25
-₹0.25
-₹0.24
-₹0.24
-₹0.24
-₹0.24
-₹0.23
-₹0.23
-₹0.23
-₹0.23
-₹0.23

-0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.29 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22

-0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.27 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.22
-₹0.20
-₹0.19
-₹0.19
-₹0.19
-₹0.19
-₹0.19

-0.26 -0.26 -0.26 -0.26 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.25 -0.24 -0.24 -0.24
-₹0.19
-₹0.19
-₹0.17
-₹0.17
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16
-₹0.16

-0.24 -0.23 -0.23 -0.23 -0.23 -0.23 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22
-₹0.16
-₹0.16
-₹0.15
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.13
-₹0.12
-₹0.11

-0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.22 -0.20 -0.19 -0.19 -0.19 -0.19 -0.19
-₹0.11
-₹0.10
-₹0.10
-₹0.10
-₹0.10
-₹0.08
-₹0.08
-₹0.08
-₹0.08
-₹0.08
-₹0.08
-₹0.08
-₹0.08
-₹0.05
-₹0.05

-0.19 -0.19 -0.17 -0.17 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.15
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.05
-₹0.03
-₹0.01
-₹0.01
-₹0.01
-₹0.01

-0.13 -0.13 -0.13 -0.13 -0.13 -0.13 -0.13 -0.13 -0.13 -0.13 -0.12 -0.11 -0.11 -0.10 -0.10 -0.10 -0.10 -0.08
₹0.00
₹0.00
₹0.01
₹0.01
₹0.01
₹0.01
₹0.01
₹0.01
₹0.04
₹0.06
₹0.07
₹0.07
₹0.07
₹0.09
₹0.10

-0.08 -0.08 -0.08 -0.08 -0.08 -0.08 -0.08 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05 -0.05
₹0.10
₹0.10
₹0.12
₹0.15
₹0.15
₹0.15
₹0.16
₹0.17
₹0.18
₹0.18
₹0.24
₹0.24
₹0.24
₹0.27
₹0.30

-0.05 -0.03 -0.01 -0.01 -0.01 -0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.04 0.06 0.07 0.07 0.07 0.09
₹0.36
₹0.36
₹0.36
₹0.38
₹0.41
₹0.44
₹0.44
₹0.47
₹0.53
₹0.53
₹0.53
₹0.53
₹0.53
₹0.64
₹0.67

0.10 0.10 0.10 0.12 0.15 0.15 0.15 0.16 0.17 0.18 0.18 0.24 0.24 0.24 0.27 0.30 0.36 0.36 0.36 0.38 0.41
₹0.70
₹0.75
₹0.81
₹0.87
₹0.93
₹1.10
₹1.49
₹1.85
₹2.25
₹3.11
₹3.45
₹3.63
₹14.01

0.44 0.44 0.47 0.53 0.53 0.53 0.53 0.53 0.64 0.67 0.70 0.75 0.81 0.87 0.93 1.10 1.49 1.85 2.25 3.11 3.45
3.63 14.01
All the values are between -3 and +3 except for four values; 3.11, 3.45, 3.63, 14.01

Outliers
3.11, 3.45, 3.63, 14.01→ Four Outliers
 Bar Graph, Histogram, Pie Chart, Box Plot

PIE CHART
BOX PLOT
4494
2932 8497
20 32355
3264 7436
2097
789 4390
85924

Communication and Internet Garment Meal Other

others Recreation Refreshment Rfereshment
Study material Toiletries Travelling
Five Number Summary
 Percentile  IQR (Inter Quartile Range)
Rearrange the data in ascending order and = Q3-Q1
calculate index(i) = 300-80
i = (P/100)*(n+1) = 220

 Quartile  Lower Limit

Q1 = 25th Percentile = Q1–1.5 (IQR)
i = (25/100)*(262+1) = 65.75 = 80-1.5(220)
Q1 = 80 = -130
Q2 = 50th Percentile
i = (50/100)*(262+1) = 131.5  Upper Limit
Q2 = 200 = Q3+1.5(IQR)
Q3 = 75th Percentile = 500+1.5(220)
i = (75/100)*(262+1) = 197.25 = 1130
Q3 = 500
 Harshal Bhalerao

Data Types
Particulars Data Type

Name of Student Nominal

UID of Student Nominal

Native City Nominal

Weekday Nominal

Date(DD-MM-YYY) Ordinal

Time Interval

Expenditure Type Nominal

Amount Interval

Remark Nominal
 Harshal Bhalerao

Measure of Location

 Mean = Sum of Observations / Total No. of

Observations
= 4050 / 21
= 192.86

 Median = The central value of the range

= 100

 Mode = The most frequently appearing value

= 200
 Harshal Bhalerao

Percentile
Rearrange the data in ascending order and calculate index(i)
i = (P/100)*(n+1)
Quartile
Q1 = 25th Percentile
i = (25/100)*(21+1) = 5.5
Q1 = 50

Q2 = 50th Percentile
i = (50/100)*(21+1) = 11
Q2 = 100

Q3 = 75th Percentile
i = (75/100)*(21+1) = 16.5
Q3 = 200
 Harshal Bhalerao

Measure of Variability

 Range  Standard Deviation

= Largest Value – Smallest Value = Square Root of Variance
= 1500 – 30 = 302.67
= 1470

 Variance  Coefficient of Variance

= Sum of (Xi-Mean)2/(n-1) = (Standard Deviation/Mean)*100
= (1,923,828.57 )/(21-1) = (302.67/192.86)*100
= 96191.43 = 156.94
 Harshal Bhalerao

Measure of Distribution
Distribution Shape
Distribution shape is a normal distribution curve which is a heap
shape(bell shape) curve.

Distribution Shape
0

0
0 200 400 600 800 1000 1200 1400 1600 1800 2000
 Harshal Bhalerao

Z Score
-0.54 -0.51 -0.47 -0.47 -0.47 -0.47 -0.47 -0.41 -0.34 -0.31 -0.31 -0.24 0.02 0.02 0.02
0.02 0.02 0.02 0.19 0.35 4.32
All the values are between -3 and +3 except one value; 4.32

Outliers
4.32, Only one value is outlier.
 Harshal Bhalerao
Bar Graph, Histogram, Pie Chart, Box Plot

BAR CHART
1000
120
200
330
Amount 1600
50
750

Travelling Toiletries Study material Refreshment

Other Meal Communication and Internet

BOX PLOT
PIE CHART
750
1000
50
120
200 1600
330

Communication and Internet Meal Other Refreshment

Study material Toiletries Travelling

 Harshal Bhalerao

Five Number Summary

 Percentile  IQR (Inter Quartile Range)
Rearrange the data in ascending order and = Q3-Q1
calculate index(i) = 200-50
i = (P/100)*(n+1) = 150

 Quartile  Lower Limit

Q1 = 25th Percentile = Q1–1.5 (IQR)
i = (25/100)*(21+1) = 5.5 = 50-1.5(150)
Q1 = 50 = -175
Q2 = 50th Percentile
i = (50/100)*(21+1) = 11  Upper Limit
Q2 = 100 = Q3+1.5(IQR)
Q3 = 75th Percentile = 200+1.5(150)
i = (75/100)*(21+1) = 16.5 = 425
Q3 = 200
 Suyog Dhongade

Data Types
Particulars Data Type

Name of Student Nominal

UID of Student Nominal

Native City Nominal

Weekday Nominal

Date(DD-MM-YYY) Ordinal

Time Interval

Expenditure Type Nominal

Amount Interval

Remark Nominal
 Suyog Dhongade

Measure of Location

 Mean = Sum of Observations / Total No. of

Observations
= 59878 / 107
= 559.61

 Median = The central value of the range

= 250

 Mode = The most frequently appearing value

= 50
 Suyog Dhongade

Percentile
Rearrange the data in ascending order and calculate index(i)
i = (P/100)*(n+1)
Quartile
Q1 = 25th Percentile
i = (25/100)*(107+1) = 27
Q1 = 100

Q2 = 50th Percentile
i = (50/100)*(107+1) = 54
Q2 = 250

Q3 = 75th Percentile
i = (75/100)*(107+1) = 81
Q3 = 555
 Suyog Dhongade

Measure of Variability

 Range  Standard Deviation

= Largest Value – Smallest Value = Square Root of Variance
= 6900 – 15 = 1063.40
= 6885

 Variance  Coefficient of Variance

= Sum of (Xi-Mean)2/(n-1) = (Standard Deviation/Mean)*100
= (120,998,593.51)/(107-1) = (1063.40/559.61)*100
= 1141496.17 = 190.30
 Suyog Dhongade

Measure of Distribution
Distribution Shape
Distribution shape is a normal distribution curve which is a heap
shape(bell shape) curve.

Distribution Shape
0

0
0 1000 2000 3000 4000 5000 6000 7000
 Suyog Dhongade

Z Score
-0.51 -0.51 -0.51 -0.51 -0.51 -0.51 -0.51 -0.50 -0.49 -0.49 -0.49 -0.48 -0.48
-0.48 -0.48 -0.48 -0.48 -0.48 -0.48 -0.47 -0.46 -0.46 -0.46 -0.46 -0.46 -0.45
-0.43 -0.43 -0.43 -0.43 -0.43 -0.43 -0.43 -0.41 -0.41 -0.41 -0.41 -0.41 -0.41
-0.41 -0.39 -0.38 -0.38 -0.37 -0.36 -0.36 -0.34 -0.34 -0.34 -0.34 -0.34 -0.34
-0.29 -0.29 -0.29 -0.29 -0.26 -0.26 -0.25 -0.25 -0.24 -0.24 -0.24 -0.24 -0.20
-0.20 -0.16 -0.15 -0.15 -0.15 -0.11 -0.10 -0.10 -0.10 -0.06 -0.06 -0.06 -0.06
-0.06 0.00 0.00 0.00 0.02 0.03 0.04 0.09 0.12 0.13 0.16 0.18 0.18 0.18 0.22 0.26 0.27
0.41 0.60 0.65 0.88 0.88 0.88 1017 2.46 3.05 3.71 5.12 5.96
All the values are between -3 and +3 except for four values; 3.05, 3.71, 5.12, 5.96
Outliers
3.05, 3.71, 5.12, 5.96 → Four Outliers
 Suyog Dhongade
Bar Graph, Histogram, Pie Chart, Box Plot
BAR CHART
50000

40000

30000

20000

10000

0
t l er t ial s
ne ea th on en rie ng
ter M O eati h m ater li et elli
In cr s m To av
d Re fre y Tr
an Re
tud
n S
tio
ci a
un
m
m
Co

BOX PLOT

PIE CHART

Communication and Internet Meal O ther Recreation Refreshment Study material

Toiletries Travelling
 Suyog Dhongade

Five Number Summary

 Percentile  IQR (Inter Quartile Range)
Rearrange the data in ascending order and = Q3-Q1
calculate index(i) = 555-100
i = (P/100)*(n+1) = 455

 Quartile  Lower Limit

Q1 = 25th Percentile = Q1–1.5 (IQR)
i = (25/100)*(107+1) = 27 = 100-1.5(455)
Q1 = 100 = -582.5
Q2 = 50th Percentile
i = (50/100)*(107+1) = 54  Upper Limit
Q2 = 250 = Q3+1.5(IQR)
Q3 = 75th Percentile = 555+1.5(455)
i = (75/100)*(107+1) = 81 = 1237.5
Q3 = 555
 Pallav Pathak

Data Types
Particulars Data Type

Name of Student Nominal

UID of Student Nominal

Native City Nominal

Weekday Nominal

Date(DD-MM-YYY) Ordinal

Time Interval

Expenditure Type Nominal

Amount Interval

Remark Nominal
 Pallav Pathak

Measure of Location

 Mean = Sum of Observations / Total No. of

Observations
= 32880 / 51
= 644.71

 Median = The central value of the range

= 350

 Mode = The most frequently appearing value

= 50
 Pallav Pathak

Percentile
Rearrange the data in ascending order and calculate index(i)
i = (P/100)*(n+1)
Quartile
Q1 = 25th Percentile
i = (25/100)*(51+1) = 13
Q1 = 90

Q2 = 50th Percentile
i = (50/100)*(51+1) = 26
Q2 = 350

Q3 = 75th Percentile
i = (75/100)*(51+1) = 39
Q3 = 885
 Pallav Pathak

Measure of Variability

 Range  Standard Deviation

= Largest Value – Smallest Value = Square Root of Variance
= 6600 – 15 = 1014.50
= 6585

 Variance  Coefficient of Variance

= Sum of (Xi-Mean)2/(n-1) = (Standard Deviation/Mean)*100
= (52490182.58)/(51-1) = (1014.50/644.71)*100
= 1049803.65 = 157.36
 Pallav Pathak

Measure of Distribution
Distribution Shape
Distribution shape is a normal distribution curve which is a heap
shape(bell shape) curve.

Distribution Shape
0

0
0 1000 2000 3000 4000 5000 6000 7000
 Pallav Pathak

Z Score
-0.62,-0.61,-0.59,-0.59,-0.59,-0.59,-0.58,-0.57,-0.57,-0.57,-0.56,-0.56,-055,-0.55,-
0.54,-0.54,-0.51,-0.49,-0.49,-0.49,-0.45,-0.45,-0.41,-0.39,-0.29,-0.29,-0.29,-0.26,-
0.24,-0.19,-0.19,-0.15,-0.14,-0.12, 0.05, 0.05, 0.20, 0.21, 0.24, 0.24, 0.25, 0.40, 0.55,
0.55, 0.69, 0.70, 1.04, 1.09, 1.23, 1.83, 5.87
All the values are between -3 and +3 except for four values; 3.05, 3.71, 5.12, 5.96
Outliers
3.05, 3.71, 5.12, 5.96 → Four Outliers
 Pallav Pathak
Bar Graph, Histogram, Pie Chart, Box Plot
BAR CHART
CHART

Amount

0 5000 10000 15000 20000 25000

Travelling Toiletries Study material Refreshment Recreation Other

Meal Garment Communication and Internet

PIE CHART BOX PLOT

Communication and Internet Garment

Meal Other
Recreation Refreshment
Study material Toiletries
Travelling
 Pallav Pathak

Five Number Summary

 Percentile  IQR (Inter Quartile Range)
Rearrange the data in ascending order and = Q3-Q1
calculate index(i) = 885-90
i = (P/100)*(n+1) = 795

 Quartile  Lower Limit

Q1 = 25th Percentile = Q1–1.5 (IQR)
i = (25/100)*(51+1) = 13 = 90-1.5(795)
Q1 = 90 = -1102.5
Q2 = 50th Percentile
i = (50/100)*(51+1) = 26  Upper Limit
Q2 = 350 = Q3+1.5(IQR)
Q3 = 75th Percentile = 885+1.5(795)
i = (75/100)*(51+1) = 39 = 2077.5
Q3 = 885