What new insights do these descriptive statistics provide concerningAsia-Pacific business schools?Analyze differences between local and foreign tuition costs, between mean starting salaries for schools requiring and not requiring work experience, and between starting salaries for schools requiring and not requiring English tests.

Step 1: Read:*Review Case Problem 3: Business Schools of Asia-Pacific from Chapter 3 in theebook. ​There are screenshots of Case Problem 3 below the instructions.Step 2: Do:*​Run descriptive statistics for the Data File AsiaMBA (Chapter 3) using the videoHow to Add Excel’s Data Analysis ToolPak:In a managerial report, use the methods of descriptive statistics to*​Summarize the data in Data File AsiaMBA.

*​Summarize each variable in the data set.

Step 3: Discuss: (Please quote the result from your data analysis when youanswer the following questions).*​What new insights do these descriptive statistics provide concerningAsia-Pacific business schools? You should also analyze differences between local and foreign tuition costs, between mean starting salaries for schools requiring and not requiring work experience, and between starting salaries for schools requiring and not requiring English tests.