Team Project in Statistics for Business Decisions(1)

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  • STATISTICS FOR BUSINESS DECISION

    TERM REPORT

    Academic Year- 2014-15

    Submitted by:- Submitted to:- Dr. VSR Vijayakumar

    Udit Birpalia (2014310)

    Ujjwal Modi (2014300)

    Unnati Gupta (2014301)

    Vaibhav Gupta (2014302)

    Vaibhav jain (2014303)

  • Brief description of the data:

    The data set we have considered shows the attendance of the audience in a particular Basketball stadium having a maximum seating capacity of 30,000 for various ticket prices for a set of 27 teams.

    The data is bivariate as it contains two variables, namely

    The scale of measurement is ratio scale as the data is quantitative and the ratio of two values is meaningful and a zero value can be included to indicate that nothing exists for the variable at the zero point.

    For example: A zero value for the ticket price would mean that the ticket is free of cost.

    In addition if we compare the ticket price of 1318.8 to 655.2, the ratio property shows that the first ticket price is 2.01 times the second ticket price.

    Also, the data is cross sectional as it describes the 2 variables for the 27 teams at the

    same point in time. The data is secondary as it it was collected by someone else for some other purpose

    but is being utilized by the investigator (Our team) for another purpose (Creating this project).

    Data Source: www.basketball-reference.com

    http://www.basketball-reference.com/
  • Graphical display along with numerical summary:

    Team Attendance Price (Rs) Z-Score (Attendance)

    Z-Score (Price)

    Minnesota 26160 655.2 2.371 -2.102

    New Jersey 12160 798.6 -1.110 -1.491

    Indiana 12885 826.2 -0.929 -1.373

    Milwaukee 16088 1177.8 -0.133 0.124

    Washington 11565 873 -1.258 -1.174

    Phoenix 14114 995.4 -0.624 -0.653

    San Antonio 14722 1007.4 -0.473 -0.601

    Sacramento 17014 1017.6 0.097 -0.558

    Charlotte 23901 1020 1.809 -0.548

    Golden State 13993 1022.4 -0.654 -0.538

    Dallas 16868 1023 0.061 -0.535

    Denver 13993 1044 -0.654 -0.446

    Houston 15846 1023 -0.193 -0.535

    Miami 15008 1056 -0.402 -0.394

    Seattle 12244 1086.6 -1.089 -0.264

    Utah 12616 1104.6 -0.996 -0.187

    Philadelphia 14017 1142.4 -0.648 -0.026

    Cleveland 16969 1177.8 0.086 0.124

    LA Clippers 15606 1203.6 -0.253 0.234

    Atlanta 13993 1203.6 -0.654 0.234

    Orlando 15606 1177.8 -0.253 0.124

    Chicago 18404 1318.8 0.443 0.725

    Portland 12884 1331.4 -0.930 0.779

    Boston 12884 1352.4 -0.930 0.868

    New York 17815 1362 0.296 0.909

    Detroit 21454 1465.2 1.201 1.349

    LA Lakers 17378 1750.8 0.188 2.565

    Clippers 22434 1650 1.445 2.135761349

    Cavaliers 19125 1430 0.622 1.198650266

    Grizzlies 25230 1210 2.140 0.261539184

    Pelicans 22350 1100 1.424 -0.207016357

    http://espn.go.com/nba/team/_/name/lac/los-angeles-clippershttp://espn.go.com/nba/team/_/name/cle/cleveland-cavaliershttp://espn.go.com/nba/team/_/name/mem/memphis-grizzlieshttp://espn.go.com/nba/team/_/name/no/new-orleans-pelicans