NORTH SOUTH UNIVERSITY

MBA/EMBA PROGRAM
SUMMER- 2020
Course Title: Business Statistics
Course Code: BUS-511

Assignment using IBM SPSS

Exercise 1: Refer to the North Valley Real Estate data, which report information on
homes sold in the area last year.
a) Consider the following variables: selling price, number of bed rooms, township
and garage.
i) Which of the variables are qualitative and which are quantitative?
ii) Determine the level of measurement for each of the variables.
b) Select an appropriate class interval and organize the “Selling prices” into a frequency
distribution table and interpret. Determine the mean, median, mode, variance and
standard deviation from your frequency distribution table.
c) Compute the Mean, Median, Mode, Range, Standard Deviation, Variance, Quartiles,
Deciles, 85th Percentile of “Selling price” from the raw data of your sample and interpret.
d) About 95% of the selling prices are between what two values? What rule do you use to
answer to this question?
e) Compare the mean you found in (c) and in (d). Which mean is more appropriate and
why?
f) Determine the coefficient of skewness for the variable “selling price”. Is the distribution
positively or negatively skewed?
g) Develop a Bar Diagram and also a Pie chart for the variable “Township”. Interpret both the
charts.

Exercise-3:
a) Develop a 99 percent confidence interval for the mean selling price of the homes.
b) Develop a 95 percent confidence interval for the mean size of homes.
Note: Interpret the confidence Intervals in both the cases.

Exercise-4:
a) A recent article in The Daily Newspaper indicated that the mean selling price of the homes in the
capital city is $357(Thousand). Can we conclude that the mean selling price in the capital city is not
different from$357(thousand)? Use the 0.05 significance level.

b) The same article reported that the mean size in the capital city was more than 3400 square feet. Can we
conclude that the mean size of homes sold in the city area is more than 3400 square feet? Use the 0.05
significance level.

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 Exercise-5:

a) At the .05 significance level, can we conclude that there is a difference in the mean
selling price of homes with a pool and homes without a pool?
b) At the .05 significance level, can we conclude that there is a difference in the mean
selling price of homes with an attached garage and homes without an attached garage?

Exercise-6:
At the .05 significance level, is there a difference in the mean selling price of the homes among
the five township?
Exercise-7:
a) Let selling price be the dependent variable and size of the home the independent variable.
Determine the regression equation and interpret. Estimate the selling price for home with an area
of 2,200 square feet. Determine r, R2 and Sy.x . Interpret.
b) Let selling price be the dependent variable and no. of bed rooms the independent variable.
Determine the regression equation and interpret. Determine r, R2 and Sy.x . Interpret. Estimate the
selling price for home with 5 bedrooms.
Exercise-8:
Use the selling price as the dependent variable and determine the regression equation with
number of bedrooms, size of the house, whether there is a pool, whether there is a attached
garage, and number of bathrooms as independent variables.
a) Write out the regression equation. Discuss each of the variables .How much does a garage or a
swimming pool adds to the selling price of a home?
b) Determine the value of R-square. Interpret.
c) Determine the multiple S.E of the estimate and interpret.
d) Conduct a global test on the set of independent variables. Interpret.
e) Conduct a test of hypothesis on each of the independent variables. Would you consider
deleting any of the variables? If so, which one?
f) Develop a correlation Matrix. Which independent variables have weak or strong correlations
with the dependent variable?

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 Date of submission: on or before – 30/09/2020.
NORTH SOUTH UNIVERSITY
MBA/EMBA PROGRAM
SUMMER- 2020
Course Title: Business Statistics
Course Code: MBA-511
Section [3]

[Optional]

Assignment using IBM SPSS

Exercise 1: Refer to the North Valley Real Estate data, which report information on
homes sold in the area last year.
a) Select an appropriate class interval and organize the “Size of homes” into a Frequency
Distribution Table and Relative Frequency distribution Table interpret.
Determine the mean, median, mode, variance and standard deviation from your frequency
distribution table.

b) Compute the Mean, Median, Mode, Range, Standard Deviation, Variance, Lower and
Upper Quartiles, 3rd and 7th Deciles, 55th Percentile of “Size of homes” from the raw
data of your sample and interpret.
c) About 90% of the Size of homes are between what two values? What rule do you use to
answer to this question?
d) About 95% of the selling prices are between what two values? The distribution of the
prices of homes of a sample selling prices is symmetric, and bell-shaped. What percent
of the prices of homes will lie:
i) Between X  2Sand X  2S ?
ii) Between X and X  2S ? And Below X  2S ?

e) Determine the coefficient of skewness for the variable “Size of homes”. Is the distribution
positively or negatively skewed?
f) Develop a Bar Diagram and also a Pie chart for the variable “Bedrooms”. Interpret both the
charts.
g) What is an outlier? Is there any outlier in the “Size of Homes” variable set of data?
Exercise 2: Create a Probability Distribution for
a) the number of bedrooms
b) the number of bathrooms

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 Date of submission: on or before – 30/09/2020.

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