Question

based on a survey of 425 master’s programs in business administration, the u. s. news & world report ranked the indiana university kelley business school as the 20th best business program in the country (america’s best graduate schools, 2009). the ranking was based in part on surveys of business school deans and corporate recruiters. each survey respondent was asked to rate the overall academic quality of the master’s program on a scale from 1 “marginal” to 5 “outstanding.” use the sample of responses shown below to compute the weighted mean score for the business school deans and the corporate recruiters. discuss.quality business school corporate assessment deans recruiters 5 44 31 4 66 34 3 60 43 2 10 12 1 0 0

Answer 1

The deans have a higher weighted mean score for business schools which is 3.8.

What is weighed mean?

The weighted arithmetic mean is similar to the conventional arithmetic mean in that certain data points contribute more than others to the final average.

Weighed mean = (weightage x parameter)/no of parameters

The Weighted mean score for deans

= [(5×44)+(4×66)+(3×60)+(2×10)]/(44+66+60+10)

= 684/180

= 3.8

The Mean weigted score of recruiters

= [(5×31)+(4×34)+(3×43)+(2×12)]/(31+34+43+12)

= 444/120

= 3.7

Hence, The deans have a higher weighted mean score for business schools which is 3.8.

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