BUS308 Week 1 Discussion Forum

 

BUS308 Week 1 Discussion Forum 

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

Descriptive Statistics: Case Problem Business Schools of Asia-Pacific [WLOs: 1, 2, 3] [CLOs: 1, 3, 4, 7]

Prior to beginning work on this discussion forum, watch the Week 1 Introduction (Links to an external site.) video, and read Chapters 1, 2, and 3 in the MindTap ebook by clicking on the Getting Ready link for each chapter. You can access the MindTap ebook, Essentials of Modern Business Statistics with Microsoft® Excel®, in your online classroom.

Step 1: Read:

Step 2: Do:

In a managerial report, use the methods of descriptive statistics to

  • Summarize the data in Data File AsiaMBA.
  • Summarize each variable in the data set.

Step 3: Discuss:

  • What new insights do these descriptive statistics provide concerning Asia-Pacific business schools? You should also analyze differences between local and foreign tuition costs, between mean starting salaries for schools requiring and not requiring work experience, and between starting salaries for schools requiring and not requiring English tests.

BUS308 Week 1 Discussion Forum  Guided Response: Review several of your peer’s posts. In a minimum of 100 words each, respond to at least two of your fellow students’ posts in a substantive manner, and provide information that they may have missed or may not have considered regarding the application of descriptive statistics in business and economics. Do you agree with their conclusions? Why or why not?

You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Continue to monitor the discussion forum until 11:59 p.m. (Pacific time) on Day 7, and respond with robust dialogue to anyone who replies to your initial post

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SMART ANSWER

Hello Class,

After performing the descriptive statistics in Excel, I noticed that the mean number of students per faulty is 8 which shows that Asia-Pacific schools have relatively low students per faculty as compared to US Schools. “According to the National Center for Education Statistics (NCES), the overall student-to-faculty ratio at degree-granting institutions was 14-to-1 in 2018” (Carlton, 2021, para. 8). We can also determine that many older people are going to Asia-Pacific schools since the median age is 29. The difference in local and foreign tuition is $4,206.88.