CHAPTER: 1: INTRODUCTION

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1.1 Origin of the report

Here the report is a part of the course. We all are required to prepare this report so that our
honorable faculty can evaluate us properly whether we learnt the course materials properly
and can apply those in real life problem effectively. Our honorable teacher M. Jahangir alam
Chowdhury sir provided us a questioners on clothe stores and we all are required to collect
data on the clothe store owners through a survey. After doing the survey properly we all are
required to prepare a report on the clothe store owners with the information that we collected
through the survey.

1.2 Objectives of the Study

The general objective of the report is to justify our learning from the course as well as the
ability of solving problems using the mathematical instruments that we learnt from the
course. At the same time we did survey on the clothe store owners by going to them. That is
kind of another experience of getting primary information by field visit.
The supportive objectives of the study are:

 To analyze the socio-economic condition of the vegetable shop owner of Dhaka city.

 To analyze the effect of different variables on the average monthly profit of the
enterprise.

 To develop a mathematical model for interpreting the critical variables.

1.3 Scope of the Study

This study was limited to the perceptions of clothe store owners in different areas. This study
was restricted to the clothe store operating in a single area. For the purpose of this study, we
have surveyed 20 clothing stores and data for this study were collected on September 2015
from Dhaka.

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1.4 Methodology

Sources of data:

To do the report we all have to collect data individually. We got a questioners from our
honorable teacher and required to collect data by visiting the shops. Here I collect firsthand
information by myself which is also known as primary data. As I use primary data, there is
less probability of having any wrong interpretation.

Sample selection:

I was required to collect data of 20 clothe store owners. A Face to Face interview was taken
on the basis of questioner to collect primary data.

Statistical method:

I try to implement the statistical method to choose the clothe store owners as well as
collecting data. Simple statistical techniques were used to tabulate the results of this study.

1.5 Limitation

In spite of having the generous effort, there were some limitations, which acted as a barrier to
conduct the survey and for doing an exploratory research work. Some of them are:

 Insufficiencies of raw data as most of the owners were not willing to provide
confidential data.
 Few owner refuse to give some specific information.
 I use 20 sample which is not that much enough to understand the scenario.
 Some variables were time series based. That’s why we faced some autocorrelation
problem in data set.
 Shortage of time to conduct the study.

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CHAPTER: 2: FINDINGS FROM THE SURVEY

4
 Describing Data by Frequency Table and Cumulative Frequency Distribution
The first step in drawing a frequency distribution is to construct a frequency table. A
frequency table is a way of organizing the data by listing every possible score (including
those not actually obtained in the sample) as a column of numbers and the frequency of
occurrence of each score as another. Computing the frequency of a score simply a matter of
counting the number of times that score appears in the set of data.

2.1 Number of years in Business

Here, I found an interesting matter. As most of the businessman in my sample are doing their
business in sidewalk, so they have told me that they have got their position in the market
according to the elected party in Bangladesh Government election. So we can clearly see a
view of nepotism and bribery here.

Number of year in the business is another important matter to consider. The experience and
the amount of profit depends on the number of year in the business.

The frequency table, cumulative frequency distribution and percentage are drawn below for
the number of years in business of clothes store owner

No. of years in Cumulative

frequency Percentage
Business Frequency
0-5 6 6 30%
5-10 11 17 55%
10-15 3 20 15%
Total 20 100%

Table: Frequency table for number of years in business

Here from the table we can see that the people who are in clothing business, most of them are
in the business for 5-10 years in the business. Here the people who are in the business for 5-
10 years is highest in number and their percentage is 55% which is more than half of the
total.

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Bar chart is given below to have a clear view of the distribution –

Frequency of owners for number of year in

business
25

20
Number of Owners

15

10

0
0-5 5-10 10-15 Total
Number of Years in Business

Figure: Bar chart of owner’s no of years in business

2.2 Monthly Profit in Business

Monthly profit is counted to understand the financial and economic condition of the clothing
store owners. Here the table show the monthly income where I try to make some class and
arrange the information in those class accordingly.

By having a look of the monthly income we can assume the economic condition of the
clothing store owners and their financial condition as well –

Monthly Cumulative
Frequency Percentage
Profit Frequency
15000-25000 3 3 15%
25000-35000 6 9 30%
35000-45000 7 16 35%
45000-55000 3 19 15%
55000-65000 1 20 5%
Total 20
Table: Frequency table for average monthly profit
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From the table we can see that the monthly income of the clothing store owners are very
good where the class 35000-45000 got the highest frequency. The second highest frequency
lies in the class 25000-35000. Here bar chart is given to have a better visual understanding of
the information.

Frequency of no of owners for Average Monthly

Profit
8
7
Number of Owners

6
5
4
3
2
1
0
15-25 25-35 35-45 45-55 55-65
Average Monthly Profit

Figure: Bar chart of owner’s average monthly profit

From the bar chart we can see that the class 35000-45000 got the longest bar in the diagram
so this class get the most of the clothing store owners.

2.3 Daily Profit in Business

Here this table shows the daily profit of clothing store owners. Their daily profit is much
more similar and there is very less variation among their daily profit. Here is the 20 owner’s
daily profit-

Profit Frequency Percent

500-1000 9 45%
1000-1500 5 25%
1500-2000 4 20%
2000-2500 2 10%
Total 20 100%
Table: Frequency table for daily profit in business
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From the table we can see that the daily profit of 45% owners lies in the 500-1000 tk. 1000-
1500 tk daily profit that is earned by them is 25%. 2000-2500 tk daily profit earned by 10%
owners only.

A bar chart is given below of the daily income of the clothing store owners –

Frequency of no of owners of Daily Profit in

Business
10
9
8
Number of Owners

7
6
5
4
3
2
1
0
500-1000 1000-1500 1500-2000 2000-2500
Daily profit

Figure: Bar chart of owner’s daily profit

2.4 Owners Home District

In this study, we identified Clothing Store Owner from 13 different districts. Among
them 15% comes from Narayanganj and it is the highest percentage. In addition,
Comilla, Noakhali, Gazipur, Barisal, Faridpur got 10% and 5% came from Rangpur,
Manikganj, Munshiganj, Jessore, Dhaka, Tangail, Mymensing.

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 District Frequency Percentage
Comilla 2 10%
Rangpur 1 5%
Gazipur 2 10%
Barisal 2 10%
Manikganj 1 5%
Jessore 1 5%
Dhaka 1 5%
Noakhali 2 10%
Munshiganj 1 5%
Faridpur 2 10%
Tangail 1 5%
Narayanganj 3 15%
Mymansing 1 5%
Total 20 100%
Table: Frequency table of Owners different districts

Frequency distribution and percentage distribution has shown below with a bar chart –

Frequency of no of owners Home District

3.5
3
Number of Owners

2.5
2
1.5
1
0.5
0

District

Figure: Bar chart showing Owners’ districts in number

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 Frequency of no of owners Home
District
16%
14%
12%
10%
8%
6%
4%
2%
0%

Figure: Bar chart showing Owners’ districts in percentage

2.5 Type of business

I divided the business in four categories and those are retailer, wholesaler, retailer and
wholesaler and others. I assign numbers for each category for calculation.1 for retailer, 2 for
wholesaler, 3 for retailer and wholesaler and 4 for others.

Type Frequency
Retailer 17
Wholesaler 0
Wholesaler and
Retailer 3
Others 0
Total 20

Table: Frequency table for owners types of business

From the table above we can see that Retailers get the highest frequency which is 17 in
number out of 20. And 3 of them are wholesaler and retailer.

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Graphical presentation is given below –

Frequency of no of owners' Types of Business

18
16
Number of Owners

14
12
10
8
6
4
2
0
Retailer Wholesaler Wholesaler and Others
Retailer
Type of business

Figure: Bar chart of no of owners' Types of Business

2.6 Percentage of ownership of main owner

Among 20 shops the entire owner holds 100% ownership of the business. As they are small
shops so the owners opened it on their own and they didn’t go for any kind of partnerships.

Percentage of
ownership of
main owner
Owner

Other

Figure: Percentage of ownership of main owner

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2.7 Owners Profile before Business

60% owner was employee in the same business sector previously, whereas only 15% was
employee in a different sector. Only 5% of them are owner of a different business. 20% was
unemployed.

Owner’s profile before

business Frequency Percentage
1=owner of a different business; 1 5%
2=employee in the same sector; 12 60%
3=employee in a different
sector; 3 15%
4=unemployed 4 20%
Total 20 100.00%

Table: Frequency Table of Owners profile before business

A graphical presentation with bar chart is given below –

Frequency of no of owners' Profile Before

Busniess
14
12
Number of Owners

10
8
6
4
2
0
1=owner of a 2=employee in the 3=employee in a 4=unemployed
different business; same sector; different sector;
Owners Profile Before Business

Figure: Bar chart of Owners profile before in business

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2.8 Product Type
In this study, 70% of clothing store owner sells male clothing, 20% sells children clothing,
and 10% sells female clothing. And no other seller from my sample sells any other types of
product.

Product Type
(Clothing) Frequency Percentage
Children 4 20%
Male 14 70%
Female 2 10%
Others 0 100%
Total 20

Table: Frequency Table for no of owners of product type

A graphical presentation of product type sold by the clothing store owners is shown below –

Frequency Table of Product Type

16
14
Number of Owners

12
10
8
6
4
2
0
Children Male Female Others
Product Type

Figure: Bar chart of Product Type

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CHAPTER: 3: FINDINGS & CONCLUTIONS

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In this paper I tried to analyze elaborately the present scenario as well as future growth and
development of the readymade garments Business in Dhaka city. I found some specific
information about the business and the economic, financial condition of the clothing store
owners. These are –

 Possession of getting a shop is driven by nepotism and bribery.

 People who are in the business for 5-10 years is highest in number and their
percentage is 55% which is more than half of the total, who are from 0-5 years are
30% and who are 10-15 years in the business are 15% of the sample.
 Monthly income of the clothing store owners are very good where the class 35000-
45000 got the highest frequency. The second highest frequency lies in the class
25000-35000. 5% of them generating more than 55000 even.
 Daily profit of 45% owners lies in the 500-1000 tk. 1000-1500 tk daily profit is
earned 25%. 2000-2500 tk daily profit earned by 10% owners only.
 Clothing Store Owner came from 13 different districts in my sample. Among them
15% comes from Narayanganj and it is the highest percentage. In addition, Comilla,
Noakhali, Gazipur, Barisal, Faridpur got 10% and 5% came from Rangpur,
Manikganj, Munshiganj, Jessore, Dhaka, Tangail, Mymensing.
 In terms of type of business organization, Retailers get the highest frequency which is
17 in number out of 20. And 3 of them are wholesaler and retailer in my sample.
 In every cases, owner himself holds 100% ownership of the business as these are all
small business.
 In my sample, 60% owner was employee in the same business sector previously,
whereas only 15% was employee in a different sector. Only 5% of them are owner of
a different business. 20% was unemployed.
 70% of clothing store owner sells male clothing, 20% sells children clothing, and
10% sells female clothing.

Owners mostly faces these problem -

 Inadequate capital.

 No flexible loan facility.

 Lack of training and institutional facilities.

 Political risks.

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  Threat of City Corporation.

To ensure the sustainable growth and development, government as well as some institutions
must come forward to satisfy their demand. Bangladesh is well known in the world for this
readymade garments sector. So we must be careful and helpful to them all.

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CHAPTER: 4: REFERENCES

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 Lind, Douglas A., William G. Marchal and Samuel A. Wathen. 2005. Statistical Techniques
and Economics, Twelfth Edition, Irwin McGraw Hill, USA.

 Levin, Richard I and David S. Rubin. 2003. Statistics For Management, Seventh Edition,
Prentice-Hall India.

 Class note of Statistics

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CHAPTER:5: APPENDIX

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