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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