Chapter Four: Data Analysis

Added on - 23 Sep 2019

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CHAPTER FOUR: DATA ANALYSIS4.1 Introduction:In this chapter, the researcher has analysed primary quantitative data along with secondaryquantitative and qualitative data to know the impact of recession o side hustle in Nigeria.From measured outcomes, the researcher has aimed to conclude whether recession hasaffected Nigerian economy in a positive way or not. To collect primary quantitative data, thispaper conducts survey on 100 Nigerians. In case of secondary quantitative and qualitativedata, the researcher considers literary evidences as well as previous researchers and statisticaldata from authentic sources. With the help of MS Excel and SPSS, this paper has arrangedboth primary and secondary quantitative data to conduct statistical analysis.4.2 Data analysis:4.2.1 Quantitative data analysis:To conduct quantitative data analysis, this paper has considered some basic questions toknow the impact of Nigeria’s recession on its side hustle. Frequencies of primary quantitative data:StatisticsBusinessTypeExperiencesrecessionbefore itsarrivalDoes Nigeriaexperienceeconomicgrowth?Side hustlehasincreasedafterrecessionSide hustlehasincreasedduringrecessionSide hustlehassuccessfullyhelpedNigerianeconomy tochangeNValid100100100100100100Missing000000Mean1.962.993.131.511.232.72Median2. Deviation.8161.4531.390.502.4231.478Skewness.074.018-.260-.0411.303.268Std. Error ofSkewness. Multiple modes exist. The smallest value is shown Frequency tables and graphs of primary quantitative data:Duration of businessNValid100Missing0Mean2.93Range4Duration of businessFrequencyPercentValid PercentCumulativePercentValid12020.020.020.022626.026.046.031616.016.062.041717.017.079.052121.021.0100.0Total100100.0100.0The above diagram represents duration of business of 100 respondents to know whetherrecession affects those businesses for long times or not. According to survey data, the
researcher has obtained that most of the businesses are from 2 to 5 years as 26 people out of100 are conducting their businesses over these time. Furthermore, 21 people have businessesfor more than 13 years which imply that they are conducting their business for many times inNigeria. Thus, they have experienced the impact of recession closely.Business TypeFrequencyPercentValid PercentCumulative PercentValid13535.035.035.023434.034.069.033131.031.0100.0Total100100.0100.0In this quantitative research, the researcher considers three types of businesses, which are,micro businesses, small businesses and medium businesses. In micro businesses less than 10employees work while in small businesses 11 to 49 people work. On the other side, more than50 employees work in medium businesses. The chief reason for selecting those people is thatmost of the side hustle in Nigeria fall under these three categories of business. According toabove figure it is observed that most of the businesses are of micro type where less than 10people work. This implies that among 100 respondents, 35 people have micro business.Following this, 34 respondents have small businesses while remaining 31 people havemedium businesses.
Experiences recession before its arrivalFrequencyPercentValid PercentCumulative PercentValid12121.021.021.022121.021.042.031717.017.059.042020.020.079.052121.021.0100.0Total100100.0100.0Based on the survey data, the researcher has obtained that the distribution of people whoexperience recession before its arrival is almost equal. This implies that total 42 people out of100 have not understood that the recession is arriving in the economy. On the other side, 41people have understood that the country is going to experience recession in coming years. Onthe contrary, only 17 people have informed that they have not thought about economicrecession and consequently have remained neutral. Therefore, from this diagrammaticalrepresentation it can be said that many have received the chance to adopt proper businessstrategies to combat with recession in order to establish their business.Does Nigeria experience economic growth?FrequencyPercentValid PercentCumulative PercentValid12020.020.020.021111.011.031.032424.024.055.0
42626.026.081.051919.019.0100.0Total100100.0100.0From above figure, it has been observed that 20 out of 100 respondents have strongly realisedthat Nigeria has not experienced any economic growth for many years. Following this, 11people also have supported that the country has not experienced any economic growth. Onthe other side, 45 people have agreed and strongly agreed that this country has experiencedeconomic growth since the last many years.Side hustle has increased after recessionFrequencyPercentValid PercentCumulative PercentValid14949.049.049.025151.051.0100.0Total100100.0100.0
As per 49 respondents out of 100, side hustle has increased in Nigeria after recessionhowever remaining 51 respondents have stated that the number of micro or small businesseshave not increased in this country.Side hustle has increased during recessionFrequencyPercentValid PercentCumulative PercentValid17777.077.077.022323.023.0100.0Total100100.0100.0
According to above figure, it has been observed that 77 people have agreed that side hustlehas increased during recession. On the other side, only 23 respondents have replied that theydo not think recession has influenced side hustle of this country to increase further. Hence,according to this statistical outcome it can be said that most of the respondents have agreedrecession has helped the country to increase side hustle.Side hustle has successfully helped Nigerian economy to changeFrequencyPercentValid PercentCumulative PercentValid12929.029.029.022222.022.051.031414.014.065.041818.018.083.051717.017.0100.0Total100100.0100.0
According to above statistical bar diagram, it has been obtained that 29 respondents out of100 have strongly disagreed that side hustle has not helped Nigerian economy. In addition tothis, 22 people have also disagreed that the economic condition of this country has changeddue to side hustle. On the opposite, 18 and 17 respondents have agreed and strongly agreedrespectively that side hustle has led the country’s economy to change. However, 14respondents have not said anything and therefore have replied neutrally. Regression ofprimary quantitative data:a. Dependent Variable: Business performance changesafter recessionb. All requested variables entered.Model SummarybModelChange StatisticsDurbin-WatsonR SquareChangeF Changedf1df2Sig. F Change1.018a.908297.4071.983a. Predictors: (Constant), Experiences recession before its arrival, Robust business strategy takenbefore recessionb. Dependent Variable: Business performance changes after recessionCoefficientsaModelUnstandardized CoefficientsStandardizedCoefficientst
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