Report On Growth Of Education Sector

Added on - 03 Feb 2020

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Economics and quantitative analysis
Table of ContentsPURPOSE........................................................................................................................................3BACKGROUND.............................................................................................................................3METHODS......................................................................................................................................3RESULTS........................................................................................................................................4Calculation of descriptive statistics.............................................................................................4Scatter plot...................................................................................................................................5Correlation between GR % and RR %........................................................................................5Regression equation.....................................................................................................................6Goodness of fit test......................................................................................................................6DISCUSSIONS................................................................................................................................6RECOMMENDATIONS.................................................................................................................8REFERENCES................................................................................................................................9
PURPOSEStatistics is the study of large set of data through applying different types of statisticalmethods, tools & techniques. More importantly, it aims at gathering data about a selected samplesize from the large population and organizes and arrange it into statistical form, so as, to analyzeand interpret the results in an effective manner. The purpose of this report is to examine andanalyze the growth of education sector in the terms of graduation as well as retention percentageconsidering a sample of 29 US-based colleges. On the basis of it, appropriate suggestions will berecommended to the educational institutions to combat such challenge.BACKGROUNDEducational institutes aims at delivering exceptional and excellent quality educations tothe students for their career growth and advancement. However, in today’s period, USeducational sector is threatening from the faster and rapid growth of online universities. OnlineEducation Database (OED) works as an independent organization whose mission is to create acomprehensive set of accredited online college. Therefore, the report will perform analysis of 29US college’s retention and graduation rate (%) through using appropriate statistical tools andmethods.METHODSThe report will approach various statistical techniques such as descriptive statistical tools,mean, range, standard deviation and regression method for predicting future, described below:Mean:It refers to the value that has been derived through dividing the sum of valueswith the number of items, also arithmetic mean or average (Jaggia and et.al., 2016). It is greatlyused by analysts to define the whole series of data with a single value, computed throughfollowing formula:A.M. = (∑X)/NHere,∑x – Sum of values
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