Statistics - Essay Example

The performance of 52 banks on their revenue, profits and number of employees was evaluated by analyzing the data. The statistics is presented in table 1, below:Table 1: Statistics of 52 banks on revenue, profits and number of employeesRevenueProfitsEmployeeMean$6,615$82822,087Median$ 3,583$42512,600Range$33,650$3,63389,816Variance$58,033,924$792,100459,630,721Standard Deviation$7,618$89021,439Based on the analysis, it can be said that the average revenue, profits and number of employees for the 52 banks under this study are $6,615,000, $828,000 and 22,087 respectively.

Bank Ten is above average in terms of all three parameters. The revenue of Bank Ten was $19,875,000, which is ~ 3 times the average revenue of all the banks. Similarly, the profit of Bank Ten at $2,065,000 is ~2.5 times the average profit of all the banks. Number of employees of Bank Ten (50,046) is approximately 2.3 times the average number of employees in all the 52 banks. When these variables are converted to z-value, different banks can be compared to the average for each variable. Z-Revenue is higher for Citicorp 3.

69 and lower for First Natl of Nebraska. Z-profit is highest for Chase Manhattan Bank 3.23 and lower for First Natl of Nebraska. Summarize all these results; it can be said that only four banks has higher Revenue and Profit that BankTen:After comparing the Z-employee it can be said that fifth bank has the highest Z-employee than that of Bank Ten. Highest Z-employee is for Citicorp is 3.34, but BankTen has the 1.32.Subsequently a new variable - Profits per employee was created.Profits per Employee  cumulative frequencypercent frequencypercent2 3.8 2 3.8 19 36.

5 21 40.4 17 32.7 38 73.1 9 17.3 47 90.4 2 3.8 49 94.2 1 1.9 50 96.2 1 1.9 51 98.1 1 1.9 52 100.0 52 100.0 Profits per EmployeeMean$0.037Median$0.036Standard Deviation$0.01The BankTen does not has significantly higher profit per employee $0.041K than industry average $ 0.037K. Profit per employee with two standard deviation above the mean is $0.06. Profit per employee with two standard deviation below mean is $0.02.J.P.MORGAN & CO., BANK OF NEW YORK CO.

, BARNETT BANKS, REPUBLIC NEW YORK CORP. has profit per employee more than two standard deviation beyond the mean. J.P. Morgan & Co., Bank of New York Co and Republic New York Co. are the top three firms with respect to profit per employee and Barnett Banks is the bank with the lowest profit per employee. Afterwards the 25th and 75th percentile for profits per employee were also identified. The results are following:The 25th percentile is $0.027.The 75th percentile is $0.042.The percentile score of BankTen is 0.0727.Although BankTen is not one of the top performers, it has an average performance (with 72.

7 percentile on the profit per employee) on Revenue and Profits except number of employees, where it needs to improve its performance either by generating more revenue and profits with same number of employees or reduce the workforce for improving its profit per employee.