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Data Analysis

The document analyzes data from a survey of 107 third-year students. It presents the results in 7 tables that show: 1) Most students were ages 21-22. 2) 80.95% of students were female. 3) The highest average monthly allowance was 3,001-4,000. 4) There was a perfect positive correlation between financial literacy and financial practices. 5) Most students felt opportunities to learn personal finance were very important. 6) Most popular topics of interest were budgeting and investing. 7) Most preferred learning opportunities were classroom instruction and workshops.
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0% found this document useful (0 votes)
25 views7 pages

Data Analysis

The document analyzes data from a survey of 107 third-year students. It presents the results in 7 tables that show: 1) Most students were ages 21-22. 2) 80.95% of students were female. 3) The highest average monthly allowance was 3,001-4,000. 4) There was a perfect positive correlation between financial literacy and financial practices. 5) Most students felt opportunities to learn personal finance were very important. 6) Most popular topics of interest were budgeting and investing. 7) Most preferred learning opportunities were classroom instruction and workshops.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Data Analysis

The researchers used frequency distribution, percentage, and ranking as result of the

gathered data, this data are all presented in a table with an interpretation for it would be

understood easily. For the range, the researchers used the formula of Highest value – Lowest

value. For the classes, the researchers used 1+3.3LogN. To get the interval, the researchers, used

the formula of Range/Classes. And to get the frequency, the researchers divided the given

frequency to total number of students multiplied by 100.

Classes Interval Percentage

1+3.3logN Range/Classes P= F/N X 100

Whereas: whereas:

N= total number P= percentage

of the respondents F= frequency

N= total number of the

respondents
RESULTS

Table 1

Age of the respondents

Age Frequency Percentage

29-30 1 0.95%

27-28 0 0%

25-26 1 0.95%

23-24 1 0.95%

21-22 64 60.95%

19-20 35 33.33%

17-18 3 2.86%

Table 1 shows that ages 21-22 got the highest. The 2nd to the highest age is 19-20. To be

followed by ages 17-18. And the ages 29-30, 25-26, and 23-24 which got the same 0.95%. And

none of them are not in the age 27-28.

Table 2

Gender of the respondents

Gender Frequency Percentage

Female 85 80.95%

male 20 19.05%
Table 2 shows that 80.95% of the 3rd year students are female. Males are 19.05%.

Table 3

Average Monthly Allowance of the respondents

Average Monthly Frequency Percentage

Allowance

Less than 1,000 15 14.3%

1,001-2,000 16 15.2%

2,001-3,000 20 19.0%

3,001-4,000 25 23.8%

4,001-5,000 19 18.1%

5,001 and above 10 9.5%

Table 3 shows that the highest average allowance of the respondents is 3,001-4,000. The

2nd to the highest is 2,001-3,000. Followed by 4,001-5,000, less than 1,000, and 1,001-2,000.

And the lowest average monthly allowance of 5,001 and above, which got 10%.

Table 4
Level of Financial Literacy of the respondents

2 2
Gender Financia Financial Xy x y

l Practices (Y)

Literacy

(X)

FEMALE 1,615 2,210 3,569,150 2,608,225 4,884,100

MALE 380 520 197,600 114,400 270,400

N=2 ∑ x=1,995 ∑ y=2,730 ∑ xy=3,766,750 ∑ x 2=2,722,625 ∑ y 2=5,134,500

n ∑ xy −( ∑ x )( ∑ y )
r=
√¿¿¿

2(3,766,750)−( 1,995 ) ( 2,730 )


¿
√¿ ¿ ¿

7,533,500−5,446,350
¿
√( 5,445,250−3,980,025 ) (10,309,000−7,452,900)

2,087,150
¿
√(1,465,225)(2,856,100)

2,087,150
¿
√ 4,184,829,122,500

2,087,150
¿
2,045,685.49

¿ 1.02026925

r =1
Perfect

Table 5

How important of opportunities to learn about personal finances of the respondents

How important of Frequency Percentage

opportunities to learn

about personal finances

Very important 87 82.9%

Important 17 16.2%

Moderately important 0 0%

Of little important 1 0.95%

Not important 0 0%

Table 6

Topics would be of interest of the respondents

Topics would be of interest Frequency Percentage


on

Budgeting 89 15.5%

Investing 89 15.5%

Taxes 40 7.0%

Credit 33 5.7%

Life insurance 67 11.7%

Loans 39 6.8%

Debt 30 5.2%

Credit cards 38 6.6%

Saving 92 16.0%

Interest rates 55 9.6%

outsourcing 1 0.2%

Trading 1 0.2%

Table 7

Personal financial learning opportunities of the respondents


Personal financial learning Frequency Percentage

opportunities

Classroom instruction 85 26.1%

Online (i.e via zoom) 45 13.4%

Computer based instruction 18 5.4%

Email blast 8 2.5%

Newsletters 4 1.3%

Online webpages 26 8.0%

Social networkingn pages 32 9.9%

Workshops (I.e seminars) 66 20.7%

Videos online 42 12.7%

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