Australia as a top five destination for international students
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Added on 2019-11-29
Australia as a top five destination for international students
Added on 2019-11-29
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NameStudent IDSection 1: Introduction Australia is one of the most attractive destination for international students with high quality Englishspeaking universities, world-class cities to live in, relatively safe community environments and improvingaffordability. The country is currently ranked number five in the world as far as international studydestinations is concerned. It has been previously been noted that international students are more often than not quite satisfied withthe study experience they get in Australia, but discontented with affordability and the living costs.In this study, we analyze the rent patterns in four suburbs of Australia. We also analyze the relationshipbetween bond amount and the weekly rent. Two datasets are utilized (dataset 1 and dataset 2).Dataset 1: Dataset 1involves the collection of primary data from a sample population of international students livingin the randomly selected suburbs of Australia. The suburbs are Sydney, Randwick, Parramatta andAuburn. 30 participants from each suburb (totaling to 120 in a number for the four suburbs) wererandomly selected to take part. Participants were requested to respond to two questions. The first one wason where they reside (suburb) while the other one was related to the weekly rent they pay (weekly rent).Suburb was a categorical variable while rent was a continuous variable.Dataset 2:Dataset 2 was a secondary data that was kept and maintained by The Rental Bond Board of NSW FairTrading. A total of 500 observations are in this dataset. There are 6 variables in the dataset (four of thevariables are numerical variables while two are categorical variables). The two categorical variables aredwelling type and suburb. Bond amount, Weekly rent, number of bedrooms and postcode are allnumerical variables. Section 2: International Students’ Weekly Rent Figure 1: Average weekly rent paid by international studentsIn figure 1 above, we present the average weekly rent paid by international students from all the foursuburbs. As can be seen, student in Sydney part with the highest weekly rent ($735.33) as compared tothe other three suburbs. Students living in Auburn on the other side part with the least weekly rent($417.17). Those residing in Randwick and Parramatta pay on average $614.50 and $497.17 respectively.
Table 1: Descriptive StatisticsAuburnParramattaRandwickSydneyMean417.17497.17614.50735.33Standard Error4.004.987.057.24Median420.00495.00612.50740.00Mode430.00460.00605.00730.00Standard Deviation21.9227.2838.6339.67Sample Variance480.49744.281491.981574.02Kurtosis-1.20-0.82-0.69-0.51Skewness-0.290.180.06-0.36Range70.00100.00135.00150.00Minimum380.00450.00550.00650.00Maximum450.00550.00685.00800.00Sum12515.0014915.0018435.0022060.00Count30303030We present the descriptive statistics for the weekly rent in table 1 above. As can be seen, the dataset lookslike it close to the normal distribution (the skewness values are close to zero). The average as well as thestandard deviations of the weekly rent for the various cities (suburbs) is also given.Section 3: Rental Bond Board Property Data – Dwelling Type Figure 2: Dwelling Types
Using rental bond board property data, we sought to understand the distribution of the dwelling types. Ascan be seen, most people live in flats (93%, n = 465) while those who said to live in houses represented7% (n = 35).Table 2: t-Test: Two-Sample Assuming Equal VariancesDwelling TypeSampleMean0.070.1Variance0.065230460.09018Observations500500Pooled Variance0.07770541Hypothesized Mean Difference0df998t Stat-1.7016319P(T<=t) one-tail0.04456792t Critical one-tail1.64638188P(T<=t) two-tail0.08913585t Critical two-tail1.96234385In this section, we sought to test where there is enough evidence to prove that the proportionof House dwelling type is less than 10%. We performed a one-sample t-test at a 5% level ofsignificance. As can be seen, the proportion of respondents within the sample that lived inhouses was 7%. The p-value of the one-sample t-test was 0.009 (this value is less than α = 0.05),with this we therefore reject the null hypothesis and make a conclusion that there is indeedstrong evidence to prove that the proportion of House dwelling type is less than 10%. A meandifference of -0.030 was found to be statistically significant (95% CI, -0.05 to -0.01), t(499) = -2.627, p= .009.
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