Name Shakeel Ahmad Shah

Roll No. 540910912

Program MBA IST. sem– Lateral Entry
Subject Statistics for Management
(set-2)
Code MB 0024

Learning Riyadh, Saudi Arabia

Centre

1
 CASE 1

Monthly Minimum Balance INR

Month Account Holders
1 2 3 4 5 6 7 8 9 10
Jan,2008 60000 56000 66000 86000 56000 59000 59000 52000 53000 56000
Feb,2008 70000 76000 74000 96000 76000 96000 78000 73000 98000 76000
Mar,2008 55000 110000 112000 190000 110000 120000 115000 112000 113000 120000
April,2008 90000 89000 90000 98000 89000 97000 87000 93000 66000 89000
May,2008 56000 88000 84000 84000 88000 98000 90000 89000 87000 86000
June,2008 80000 52000 57000 57000 52000 57000 55000 54000 59000 72000
July,2008 82000 58000 96000 66000 58000 56000 86000 55000 98000 98000
aug,2008 79000 95000 55000 93000 95000 98000 99000 96000 59000 95000

2
 Sept,2008 51000 86000 76000 74000 86000 88000 89000 97000 87000 84000
Oct,2008 95000 90000 95000 99000 90000 99000 95000 99000 95000 90000
Nov,2008 82000 82000 87000 84000 82000 88000 87000 88000 86000 82000
Dec,2008 83000 55000 56000 57000 55000 59000 59000 59000 52000 53000
* Total 883000 937000 948000 1084000 937000 1015000 999000 967000 953000 1001000
Weighted
** Average 73583.33 78083.33 79000 90333.33 78083.33 84583.33 83250 80583.33 79416.67 83416.67

:Notes
(Total balance of year 2008 of Account holders (A/C 1 to A/C 10*
(weighted average of account Holders (A/C 1 to A/C 10 **
(W.AVG= Total Balance of account holder / 12)

Assignment Set -2
MB0024
CASE 1

:Statistical Technique
.Weighted average statistical method used for the sanctioning of lone to two account holders
:Justification
According to the case ABC Branch of XYZ bank has decided to give 10 lakh lone each on long term basis
to only two of their customers (account holders),who are businessman of locality and about 20
businessmen had applied for the loan in order to develop their Business further. In order to reject some
of the application(as the fund was limited) the Bank decided that account holders who have maintained a
minimum balance of 5000INR would be considered for the lone, as a result 10 applications were rejected
3
as they were not satisfying the minimum requirement of minimum balance of 5000INR.Now the 10
applications was found meeting the monthly minimum balance even greater for the entire year
If I were the Manager the XYZ Bank, I would select from the remained 10 applications, the Account
Holder 4th and 6th for loan to sanction. This is because A/C Holders 4th and 6th are maintaining the
.maximum balance than the remaining eight A/C Holder's
th th
Only 4 and 6 Account Holder's has maximum averages(See Table Bold Cell) than remaining 8 A/C
.Holder's
th th
.So, 4 and 6 Account Holder's should be considered for the loan to give