This report highlights various inferential statistics used to describe the relationship between variables in quantitative data analysis. It includes the significant difference in years of formal education between types of jobs, a predictive model of job income, and the lower employment rate for female respondents compared to males.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Data Analysis – Quantitative
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 1. Presenting the significant difference in the years in formal education between the types of job................................................................................................................................................3 2. Describing the predictive model of Job income......................................................................8 3. Analyzing employment is significantly lower for female compare to male respondents......10 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................16
INTRODUCTION Data analysis in quantitative study is all about analyzing the number based data that can be used by various statistical techniques. The present report will highlight various inferential statistic used in the present report to describe the relationship between the variables. The study is based upon the case study of local store who is deciding whether store should or not issue a credit card to their applicants. 1. Presenting the significant difference in the years in formal education between the types of job In order to determine the significant differences, one –way anovaas an inferential statistical tool has been used that assist to examine the relationship between formal education and type of jobs (Saeidi, Izanloo and Izanlou, 2020). H0: (Null hypothesis): There is no significant difference between the years in formal education between the type of jobs. H1: (Alternative hypothesis): There is a significant difference between the years in formal education between the type of jobs.
Descriptive Type of job NMeanStd. Deviation Std. Error 95% Confidence Interval for Mean MinimumMaximum Lower Bound Upper Bound .001.0000.....00.00 4.001.0000.....00.00 5.003.0000.00000.00000.0000.0000.00.00 6.0014.5714.85163.22761.07971.0631.002.00 7.008.7500.70711.25000.15881.3412.002.00 8.009.8889.92796.30932.17561.6022.002.00 9.0020.7000.80131.17918.32501.0750.002.00
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
10.0081.3750.51755.18298.94231.80771.002.00 11.0051.2000.44721.20000.64471.75531.002.00 12.0061.8333.75277.307321.04332.62331.003.00 13.0071.7143.95119.35952.83462.59401.003.00 14.0052.00001.00000.44721.75833.24171.003.00 15.0081.8750.64087.226581.33922.41081.003.00 16.0061.5000.83666.34157.62202.37801.003.00 17.0013.0000....3.003.00 18.0023.0000.00000.000003.00003.00003.003.00 19.0011.0000....1.001.00 20.0011.0000....1.001.00 Total1061.1415.95058.09233.95841.3246.003.00 ANOVA Type of job Sum of Squares dfMean SquareFSig. Between Groups41.548172.4444.033.000 Within Groups53.32988.606 Total94.877105 Means Plots
Interpretation:In accordance with the above table, it has been interpreted that there is a significant difference between the formal education and different types of jobs, thus alternative hypothesis accepted over null. It is so because the value of P = 0.00 which is lower than the standard criteria and that is why, education of the selected respondents have affected the types of jobs in which they are employed. Apart from this, it is also supported by the data because the mean values of job types i.e. managerial jobs are offered to those candidates who have strong education background. Whereas, unskilled and manual candidate reflected that they have low or less formal years of education. Thus, ……reflected that years of formal education have a direct impact upon types of jobs in which individual engaged. This in turn reflected that types of jobs depend upon the years of formal education.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
2. Describing the predictive model of Job income To determine the signification relationship between the variables like age, job years, education, additional income, balance of debt and job income, regression analysis has been used (Guo and Hou, 2021). H0: There is no statistical relationship between theAge, Jobyrs, Educ, Addinc and Totbalwith Job income. H1: There is a statistical relationship between theAge, Jobyrs, Educ, Addinc and Totbalwith Job income.
Model Summary ModelRR SquareAdjusted R Square Std. Error of the Estimate 1.681a.464.436363.67946 a. Predictors: (Constant), Balance of debt, Addional income, Years in formal education, Age in years, Years in employment ANOVAa ModelSum of Squares dfMean SquareFSig. 1 Regression11199614.19352239922.83916.935.000b Residual12961749.15398132262.746 Total24161363.346103 a. Dependent Variable: Current job income b. Predictors: (Constant), Balance of debt, Addional income, Years in formal education, Age in years, Years in employment Coefficientsa ModelUnstandardized Coefficients Standardized Coefficients tSig. BStd. ErrorBeta 1 (Constant)-99.460138.602-.718.475 Age in years8.1864.114.1961.990.049 Years in employment7.6267.780.098.980.329 Addional income.014.134.009.108.914 Years in formal education71.54510.391.5306.886.000 Balance of debt.033.020.1261.671.098 a. Dependent Variable: Current job income Interpretation:Through the anova table, it has been interpreted that there is a significant relationship between independent and dependent variables. As a result, there is null hypothesis rejected because 0.00 < 0.05, it means the current job income depend upon the age, balance of
debt, additional income and years of formal education as well as employment. Apart from this, model summary table also reflected that if there is any change over the independent variables then there is 46% change over job income. However, there is moderate association identified over the variables because it has only 68% change over the current job income. Therefore, it has been reflected by Wu and et.al., (2021) that individual income is depend upon different factors which include age, formal education, additional income etc. 3. Analyzing employment is significantly lower for female compare to male respondents To compare the categorical groups, cross-tab as an inferential statistic used in order to generate the best outcomes and also determine whether years in employment is significantly lower for female as compared to male respondents. H0: There is no statistical difference between the mean value of employment and gender H1: There is a statistical difference between the mean value of employment and gender
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Case Processing Summary Cases ValidMissingTotal NPercentNPercentNPercent Years in employment * Gender10693.8%76.2%113100.0% Years in employment * Gender Crosstabulation Count
Interpretation:In accordance with the above table, it has been identified that there is a lower significant difference identified among female as compared to male. Such that 12 males have 1 year of employment whereas store have only 7 females during their 1styear of employment. Apart from this, 11 males have 2-3 year of employment while on the other side, there are less number of females who have year of experience. Overall, the graph and table entails that the number of females within years in employment are lower as compared to male. This in turn shows that females are less indulge over the jobs as compared to male, like out of 106, 82 males are working whereas only 24 of them are female only. CONCLUSION By summing up above report, it has been concluded that by using inferential statistical tools local store can decide to whom they have to issue he credit cards. Also, the above results
reflected that years of employment is lower for females than male. Further, there is a difference between the years in formal education between types of jobs.
REFERENCES Books and Journals Guo, B. and Hou, Q., 2021. Research on obstacles of socialization of old residential district management under the theory of community conflict—Regression analysis based on SPSS software.TheInternationalJournalofElectricalEngineering&Education, p.0020720920983548. Saeidi, R., Izanloo, A. and Izanlou, S., 2020. A study of the relationship between job satisfaction and burnout among neonatal intensive care unit staff.Iranian Journal of Neonatology IJN.11(1). pp.67-70. Wu, F. and et.al., 2021. The relationship between job stress and job burnout: the mediating effectsofperceivedsocialsupportandjobsatisfaction.Psychology,health& medicine.26(2). pp.204-211.