Descriptive Memo - Statistics Project Example

The average number of students per faculty was 8.48. The average age was 28.36 years. The average local tuition was $ 12,374.92, and foreign tuition was $ 16,581.80. On an average, 28.08 percent of enrolments at schools were foreigners. 56 percent had taken the GMAT, and 32 percent had taken an English test. 76 percent of students had prior work experience. The average starting salary was $ 37,292. The results for scatter plot analyses have been illustrated in figures 1-4, and the results have been summarized in table 1.

Student faculty ratio, work experience, or starting salary did not influence full time enrolment. Among all the variables, age had the strongest influence (41.38%) on full time enrolment. Descriptive statistics for full time enrolments, students per faculty ratio, local tuition, foreign tuition, age, percentage foreigners, GMAT takers, English test takers, work experience and starting salaries have been illustrated in table 2. The average foreign tuition was $ 4206.88 higher than the local tuition.

The average starting salary for graduates of schools requiring work experience was $ 41305.26, while for schools without work experience was $ 24583.33. The average starting salary for graduates of schools requiring English test was $ 45088, while for schools without work experience was $ 33623.53. The distribution for GMAT has a kurtosis of -2.11 (spread out from the mean). Factors that a school should consider are tuition, student faculty ratio, admission tests and prior work experience. These factors would help attract more students, and increase the number of enrolments in the MBA program.

The average student to faculty ratio in schools was 8.48 students per faculty. The average local tuition was $ 12,374.92, and foreign tuition was $ 16,581.80. Graduates with admission tests (GMAT and English) received higher starting salaries than those without. Also, graduates with prior work experience had higher