James_5073071_10_3FA_GBUS405_Assignment1

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Assignment Title: Assignment 1 Assignment No: 1 Student Name: Variath James George THINC Student ID: 5073071 Programme: MBA Semester: Fall 2011 UOW Student ID Date Issued: Date Due in: 30 th Dec 2010 Assignment Set by: George T. Date Actually Handed in: 2nd Jan 2011 Grade Awarded: Learning Outcomes Met: Previewed By: Problem  The International College (THINC) Master of Business Administration (MBA) PG Certificate Level QUANTITATIVE METHODS – GBUS 405 Fall 2010 Assignment 1

Transcript of James_5073071_10_3FA_GBUS405_Assignment1

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Assignment Title:

Assignment 1

Assignment No: 1

Student Name: Variath James George THINC Student ID: 5073071

Programme:

MBA

Semester: Fall 2011

UOW Student ID Date Issued:

Date Due in: 30th Dec 2010 Assignment Set by: George T.

Date Actually Handed in: 2nd Jan 2011 Grade Awarded:

Learning Outcomes Met: Previewed By:

Problem 

The International College (THINC)

Master of Business Administration (MBA)

PG Certificate Level

QUANTITATIVE METHODS – GBUS 405

Fall 2010

Assignment 1

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1. Construct an ungrouped frequency distribution table for the

unwanted calls received in a day.

2. Construct a percentage pie chart for the above data set.

3. Calculate the mean and standard deviation.

4. Do the statistical analysis. Interpret the results.

5. Do the results suggest that unwanted calls really are a problem?

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Table of Contents

Answer 1:...............................................................................................................4Answer 2:...............................................................................................................5

Answer 3:...............................................................................................................7

Answer 4:...............................................................................................................8

Answer 5:.............................................................................................................10

Appendix..............................................................................................................13

Bibliography.........................................................................................................14

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Answer 1:

The below table describes the frequency distribution table for the unwantedcalls received in a day by each respondents. The respondents are a sample of 

25 professionals working in Dubai, UAE. Refer appendix for the details of 

the respondents.

The sample data collected for constructing the ungrouped frequency

distribution table – 

Survey

Respondent

Unwanted

Calls

1 3

2 2

3 5

4 4

5 3

6 27 6

8 4

9 0

10 0

11 5

12 6

13 4

14 1

15 7

16 3

17 2

18 4

19 5

20 6

21 1

22 3

23 4

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24 5

25 5

Construct a Frequency Tally table -

Unwanted

calls

Tally Total

X F

0 | | 2

1 | | 2

2 | | | 3

3 | | | | 4

4 | | | | | 5

5 | | | | | 5

6 | | | 3

7 | 1

Frequency Distribution table

Data Frequency

x F

0 2

1 2

2 3

3 4

4 5

5 5

6 3

7 1

Answer 2:

Percentage Pie chart of the grouped data set mentioned in answer 1.

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Answer 3:Calculation of the standard deviation of the data set selected – 

s – the standard deviation

x – it is the value of each data item in the sample data set

x bar – this is the mean of the sample values

N – this is the total data items in the sample data set

Survey

Respondents

Unwanted

Calls

Deviation from

Mean

Square

1 3 -0.6 0.36

2 2 -1.6 2.56

3 5 1.4 1.96

4 4 0.4 0.16

5 3 -0.6 0.36

6 2 -1.6 2.56

7 6 2.4 5.76

8 4 0.4 0.16

9 0 -3.6 12.96

10 0 -3.6 12.96

11 5 1.4 1.96

12 6 2.4 5.76

13 4 0.4 0.16

14 1 -2.6 6.76

15 7 3.4 11.56

16 3 -0.6 0.36

17 2 -1.6 2.56

18 4 0.4 0.16

19 5 1.4 1.96

20 6 2.4 5.76

21 1 -2.6 6.76

22 3 -0.6 0.36

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23 4 0.4 0.16

24 5 1.4 1.96

25 5 1.4 1.96

Mean = 3.60 Standard Deviation = 1.91

Answer 4:The survey for this assignment has been conducted using the data sampling

method. The type of random sampling method used for this survey is the

Stratified sampling method. The sample data was picked up from the

geographical area where I reside and from that divided it into different units

on the bas is of the profess ion. Care has been taken to randomly pick up the

people from each of the units .

Limitations in this survey -

- Restricted to sampling people residing in Dubai and Sharjah.

- Lack of questions whether the contact number of the respondent is new or 

accessible to the sources used by the tele-callers.

- The unwante d call s are not known whethe r they are from telema rket ingcompanies or unknown private callers.

Results

The mean is 3.60

The Standard Deviation is 1.91

We can observe from the standard deviation, that the data values distributed

around the mean is neither very wide nor close. Assuming that a normal

dis tr ibution of the data, i t is apparent that 68% of the respondents receive

calls within 2 cal ls of the mean and almost 95% of the respondents receive

calls within 4 calls .

As mentioned above, the survey definitely lacks some additional inputs which

would have been important to substantiate the results. However, after 

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collecting further information on the respondents, it has been noted that

unwanted calls are definitely received by the professionals. From the data set

collected, two of the respondents have received 0 unwanted calls . The reason

was due to the fact that their contact numbers very new and defini tely not

access ible to the tele-cal lers . Moreover, they have not received cal ls from

unknown private callers so far on the new contact number.

Some of the data items show that they have received more calls . The reason is

related to their social s tatus in the environment. For e.g. they have registered

in many marketing schemes where they have provided their contact numbers.

Hence the numbers of cal ls are more than everyone else. Few of them have

their presence in the region for a long time and this attracts more callers due

to the exposure in some way or the other which are potential sources for the

tele-marketing companies.

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Answer 5:

There a lo t of ins tances where unwanted cal ls becomes annoying, whether they are one or more than one call. The results show that most of the

respondents receive one or more than one unwanted cal ls . These cal ls are a

problem especially when they are received during meetings or some

inconvenient times. The results definitely show that the respondents receive

unwanted calls during meetings and at certain inconvenient times.

Calls received during meetings

Receiving calls during meetings are avoidable. Hence while we say that

unwanted calls are a problem, the same time it is questionable as to why such

calls are received during meetings especially when the mobile phones are

supposed to be switched-off.

There are some meeting etiquettes especially in the usage of mobile phones -

• Mobile phones must be switched-off or kept on silent mode during

meetings

• Do not use phones to make cal ls during meetings . If any urgent cal ls

are to be made, then the person has to go outside the meeting room if it

is appropriate and then make the call.

• Mobile phones must not be kept in vibrator modes and kept on the

table. Vibrators are most annoying not only to the receiver but also to

the other participants in the meeting.

• If any impor tant call s are coming , then the partici pant must excuse

himself/herself and inform the caller to call back.

Tele-Calls

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In some cases, the tele-calls are important calls because it may give

information about some promotional packages. The tele-calls may be

notification to the subscribers of certain services informing them about

packages which are suitable and cost effect ive. Some of the tele-cal ls are

intended to inform about the expiry of service ut i l i ty services . We cannot

term as unwanted cal ls , but of course we may not expect such cal ls during

meetings or any inconvenient times. At times some tele-calls have helped to

enroll for some schemes which are very useful and money savers.

Debt collector’s call

Some calls from debt collectors can definitely be annoying especially when it

is enquiry about somebody else’s debt. The reason for receiving such call is

that our names have been provided as the references to the bank.

Incorrect dialer codes used

In some cases, there are calls which are not intentional. Especially in UAE,

there are mobile numbers which start with 050 or 055 as the dialing code and

then a seven digi t number. By mis take if the dialer does not use the correct

dialer code, then the call will end up to an unintended receiver.

Steps to be taken to reduce unwanted calls – 

• Reply s traight that you are not in teres ted in the cal l and cal l ing at an

inconvenient time is not acceptable. This will reduce follow-ups

further.

• Permanently block unwanted calls. There are some acts to obstruct

unwanted calls . Some countries have a clear and precise policy to filter 

tele-calls to its people.

• According to the “Federal trade commission ( www.ftc.gov) ”, the banks

are not supposed to call for any debt collection during office hours or 

when the banks are informed not to call during office hours.

• Switch-off phone calls during meetings or keep it in silent mode.

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• Maintain phone l is t of al l known sources . Rest you can consider as

unknown numbers and can discretely answer if you feel is important.

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Bibliography

“Quantitative Method”, ICFAI curriculum book, 2005.

'WRONG NUMBER' 2003, Essence (Time Inc.), 34, 6, p. 36, Psychology and

Behavioral Sciences Collection, EBSCOhost, viewed 1 January 2011.

Hutson, M 2007, 'BABBLER ON LINE 1. (cover story)', Psychology Today, 40, 6, p.

76, Psychology and Behavioral Sciences Collection, EBSCOhost, viewed 1 January

2011.

'It's Permanent: No Unwanted Telemarketing Calls To Your Biz' 2008,

TelecomWeb News Break, p. 6, Business Source Complete, EBSCOhost, viewed 1

January 2011.

McRae, S 2008, 'UNWANTED PHONE CALLS', Black Enterprise, 38, 9, p. 125,

Business Source Complete, EBSCOhost, viewed 1 January 2011.

Dejarnatt, C 2008, 'Seven Meeting Etiquette Rules Not to Forget', Business

Credit, 110, 1, p. 25, Business Source Complete, EBSCOhost, viewed 1 January

2011.