Frequency Distribution Analysis

📊 Breaking Down Campus Business Trends:

By loycedashingdetails | 26 February 2025

Campus businesses are an essential part of student life, but with changing spending habits and economic challenges, are they thriving or struggling? To find out, I surveyed business operators and students, analysing data using frequency distribution and statistical measures—including mean, median, mode, range, variance, and standard deviation.

🛒 How Much Are Students Spending? (Frequency Distribution)

I categorised student spending into the following groups:

Spending Range :- Number of Students

Less than ₹100 :-25

₹200 – ₹300 :- 30

₹300 – ₹500 :-40

₹500 – ₹1000 :-20

More than ₹1000 :- 10

From this data, I calculated key statistical values to understand how spending varies across students.

📈 What’s the Average Student Spending? (Mean, Median, Mode)

The mean student spending is ₹420, which represents the average amount students spend per visit.

The median is ₹400, meaning half of the students spend less than ₹400, while the other half spends more than ₹400.

The mode, or most commonly occurring value, is ₹400, as the ₹300 – ₹500 category had the highest number of students (40). This suggests that most students typically spend within this range.

📊 How Much Do Spending Habits Vary? (Range, Variance, Standard Deviation)

The range is ₹900, showing a wide gap between the lowest and highest spenders.

The variance is 100,000, indicating a significant difference in student spending habits.

The standard deviation is ₹316, meaning that spending amounts typically deviate by ₹316 from the average (₹420). This suggests moderate variation in student spending patterns.

📈 How Are Businesses Performing? (Revenue Distribution Analysis)

We also asked business operators how their monthly revenue changed compared to last year. Their responses were categorized as follows:

Revenue Change (%) :-Number of Businesses

0 – 20% :- 15

21 – 40% :-20

41 – 60% :- 30

61 – 80% :-25

81 –100% :- 10

The mean revenue change was 50%, meaning that, on average, businesses saw a 50% increase in revenue.

The median revenue change was 45%, showing that half of businesses experienced less than 45% growth, while half saw more than 45% growth.

The mode was the 41 – 60% range, as most businesses fell into this category.

These numbers indicate that many businesses have managed to grow, despite variations in student spending behavior.

📢 What Does This Data Tell Us?

📍 Most students (mode) spend ₹400 per visit, and the average spending is ₹420.

📍 The standard deviation is ₹316, meaning spending habits vary widely among students.

📍 Revenue trends show that most businesses reported 41 – 60% growth, suggesting moderate financial improvement.

This data helps businesses adjust pricing, promotions, and inventory to match student spending behavior. Should businesses focus on discounts for lower spenders or cater more to higher spenders?

💬 What do you think? 

Should businesses lower prices or focus on premium customers? 

Drop your thoughts in the comments!