Term Paper On

Application Of
Statistical Tools To
Analyze Secondary
Data Of A Company
For Past 10 Years
 RELIANCE INDUSTRIES
The company operates world-class manufacturing
facilities across the country. It is involved in the oil
refining, petrochemical, retail and textile businesses and
boasts consolidated sales of more than $60 billion.
Reliance Group was founded by Dhirubhai Ambani. The
company expanded into textiles in the 1960s and
entered the petrochemical sector in the 1980s,
amassing a fortune for Ambani. It is headquartered
in Mumbai and is growing under the leadership
of Mukesh Ambani.
 Statistical tools applied in the
interpretation the data
The two statistical data used for analyzing the total income of reliance industries are as follows-
Mean
It refers to a single representative value that reads the characteristics of the complex and varied mass of data is
called average or central value. It always falls between highest and lowest value in the data set. . It is frequently
used in all the aspects of business i.e., number of items produced per day on a large assembly line, number of
orders received per month for a firm etc...
Mean= Sum of number of observations
Total No. of observations
Median
The median is that the value of the variable which divides the group into 2 equal parts, one part comprising all
values greater, and the other values less that the median. It is not affected by extreme values and gives a fair and
is easy to calculate.
Median= N/2, l1+ N/2-Cf Xi
f
Years Total Income in US $ Million
2010-11 2,61,703
2011-12 3,45,984
2012-13 3,79,117
2013-14 4,10,238
2014-15 3,49,535
2015-16 2,59,062
2016-17 2,73,750
2017-18 3,13,555
2018-19 3,94,323
2019-20 3,65,421
Total 33,52,688
Average 6,09,580
Median 2014.79
Mode 0
 Interpretation
• Average or Arithmetic mean was calculated to find out the average income
which the company gained in past 10 years. The average income was
6,09,580 US $ million. This reveals that the company earned at least 6,09,580
US $ million per year.

• Median tells about the central value of the data set. The median income of
the company was 2014.79 US $ Million. Median is the most important value
as when the data has several values that occur frequently, and several
comparatively very high values. So, it gives company, a clear value of view of
their financial performance.
 Conclusion
We conclude that Average and Median are the most suitable statistical
tools to analyse the 10 period secondary data of a company as it doesn’t
get affected by extreme values and is easy to calculate.

It can process and represent large amount of data and give results
accurately. This gives company a fair and clear idea about their financial
performance and facilitates comparison of data. Mode cannot be applied
on this data set because mode refers to the value of data which has the
highest frequency but since no observation was repeating so it cannot be
applied.
 Bibliography
1.www.moneycontrol.com
2.www.economictimes.indiatimes.co
3.www.capitalmarket.com
THANK YOU