Case study:The pursuit of a higher education degree in business is now international. A survey shows that more and more Asians choose the Master of Business Administration degree route to corporate success. As a result, the number of applicants for MBA courses at Asia-Pacific schools continues to increase.Across the region, thousands of Asians show an increasing willingness to temporarily shelve their careers and spend two years in pursuit of a theoretical business qualification. Courses in these schools are notoriously tough and include economics, banking, marketing, behavioral sciences, labor relations, decision making, strategic thinking, business law, and more. The data set shows some of the characteristics of the leading Asia-Pacific business schools.The complete data set, consisting of 40 observations, is stored in the Excel file: MBA.xlsx. Please download the file.Requirement:Executive SummaryIntroductionTest the significance of the relation between local tuition and foreign tuition.Is there any significant difference in mean starting salaries due to schools requiring and not requiring work experience. Local ForeignStartingTuition TuitiionEnglishWorkSalary($)|($)GMATTestExperience($)24,420 29,600YesNoYes71,40019,993 32,582YesNoYes65,2004,3004,300NoNoNo7,10011,140 11,140YesNoNo31,0007,5629,000YesNoYes22,8003,935 16,000YesNoNo7,5002,880 16,000NoNoNo7,4008,5008,500YesNoYes49,30016,000 22,800NoNoYes49,60011,513 11,513YesNoYes34,00017,172 19,778NoNoYes60,10017,355 17,355YesNoYes17,60016,426 23,100NoNoYes66,0001,0001,000NoNoYes7,0009,475 19,097YesNoYes55,00011,250 26,300NoNoNo7,5003,3003,600YesNoYes13,1007,5629,000YesNoYes22,8003,935 16,000YesNoNo7,5002,880 16,000NoNoNo7,4008,5008,500YesNoYes49,30016,000 22,800NoNoYes49,60011,513 11,513YesNoYes34,00024,420 29,600YesNoYes71,40019,993 32,582YesNoYes65,2004,3004,300NoNoNo7,10017,355 17,355YesNoYes17,60016,426 23,100NoNoYes66,00033,060 33,060YesYesNo87,0006,1467,170YesYesYes43,30020,300 20,300YesYesYes46,60016,200 22,500YesYesYes52,50018,200 18,200NoYesYes25,00013,106 21,625NoYesYes41,40013,880 17,765NoYesYes48,9002,2602,260NoYesYes16,00033,060 33,060YesYesNo87,00020,300 20,300|YesYesYes46,60016,200 22,500YesYesYes52,50018,200 18,200NoYesYes25,000

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ISBN:9781119256830

Author:Amos Gilat

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Case study:

The pursuit of a higher education degree in business is now international. A survey shows that more and more Asians choose the Master of Business Administration degree route to corporate success. As a result, the number of applicants for MBA courses at Asia-Pacific schools continues to increase.

Across the region, thousands of Asians show an increasing willingness to temporarily shelve their careers and spend two years in pursuit of a theoretical business qualification. Courses in these schools are notoriously tough and include economics, banking, marketing, behavioral sciences, labor relations, decision making, strategic thinking, business law, and more. The data set shows some of the characteristics of the leading Asia-Pacific business schools.

The complete data set, consisting of 40 observations, is stored in the Excel file: MBA.xlsx. Please download the file.

Requirement:

Executive Summary
Introduction

Test the significance of the relation between local tuition and foreign tuition.
Is there any significant difference in mean starting salaries due to schools requiring and not requiring work experience.

Local Foreign
Starting
Tuition Tuitiion
English
Work
Salary
($)
|($)
GMAT
Test
Experience
($)
24,420 29,600
Yes
No
Yes
71,400
19,993 32,582
Yes
No
Yes
65,200
4,300
4,300
No
No
No
7,100
11,140 11,140
Yes
No
No
31,000
7,562
9,000
Yes
No
Yes
22,800
3,935 16,000
Yes
No
No
7,500
2,880 16,000
No
No
No
7,400
8,500
8,500
Yes
No
Yes
49,300
16,000 22,800
No
No
Yes
49,600
11,513 11,513
Yes
No
Yes
34,000
17,172 19,778
No
No
Yes
60,100
17,355 17,355
Yes
No
Yes
17,600
16,426 23,100
No
No
Yes
66,000
1,000
1,000
No
No
Yes
7,000
9,475 19,097
Yes
No
Yes
55,000
11,250 26,300
No
No
No
7,500
3,300
3,600
Yes
No
Yes
13,100
7,562
9,000
Yes
No
Yes
22,800
3,935 16,000
Yes
No
No
7,500
2,880 16,000
No
No
No
7,400
8,500
8,500
Yes
No
Yes
49,300
16,000 22,800
No
No
Yes
49,600
11,513 11,513
Yes
No
Yes
34,000
24,420 29,600
Yes
No
Yes
71,400
19,993 32,582
Yes
No
Yes
65,200
4,300
4,300
No
No
No
7,100
17,355 17,355
Yes
No
Yes
17,600
16,426 23,100
No
No
Yes
66,000
33,060 33,060
Yes
Yes
No
87,000
6,146
7,170
Yes
Yes
Yes
43,300
20,300 20,300
Yes
Yes
Yes
46,600
16,200 22,500
Yes
Yes
Yes
52,500
18,200 18,200
No
Yes
Yes
25,000
13,106 21,625
No
Yes
Yes
41,400
13,880 17,765
No
Yes
Yes
48,900
2,260
2,260
No
Yes
Yes
16,000
33,060 33,060
Yes
Yes
No
87,000
20,300 20,300|
Yes
Yes
Yes
46,600
16,200 22,500
Yes
Yes
Yes
52,500
18,200 18,200
No
Yes
Yes
25,000

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