Report: Data Analysis and Research Design Evaluation

This report presents a comprehensive data analysis and research design evaluation, focusing on the impact of financial awareness on anxiety related to financial decision-making. The analysis employs quantitative research methods, utilizing SPSS to analyze data collected from a sample of participants. Key variables examined include financial awareness, anxiety, stable income, and work environment, with descriptive statistics, correlations, and tests of normality performed to derive meaningful insights. The report explores relationships between variables such as IQ and social media usage, work status, and pet ownership, providing interpretations based on statistical outcomes. Findings include the identification of negative correlations and the assessment of data distribution, which contribute to a deeper understanding of the research topic. The report concludes with the presentation of statistical outputs, including frequencies, correlations, and graphical representations, to support the analysis and findings.

Data Analysis & Research
Design Evaluation

TABLE OF CONTENTS
QUESTION 1..................................................................................................................................2
QUESTION 2..................................................................................................................................4
a)..................................................................................................................................................4
c)..................................................................................................................................................7
d).................................................................................................................................................9
e)..................................................................................................................................................9
QUESTION 3................................................................................................................................10
QUESTION 4................................................................................................................................12
QUESTION 5................................................................................................................................13
REFERENCES..............................................................................................................................15
Output............................................................................................................................................16
1

QUESTION 1
Topic: Impact of financial awareness in creating anxiety for financial decision making
What is your Research
Question?
(1 mark)
What is the impact of financial awareness in creating anxiety for
financial decision making?
What is the aim of your
proposed study? What
benefit/s it will have?
(2 marks)
The main of the current study is to pay attention on identifying
impact of financial awareness in creating anxiety for financial
decision making. This will benefit in identifying the importance of
significant level of processing by gaining awareness about the
highlighted subject matter. This will be permit in increasing the
awareness.Which study design do you
choose for your study and
why?
(2 marks)
Quantitative research design will be taken into the consideration
for the purpose of having effective accomplishing of the aim.
What will be the inclusion
criteria for your study
participants?
Which sampling method
you will choose? and why?
How will you recruit
Simple random technique will be taken into the consideration for
the purpose of analysing the topic in turn significant information to
get the accurate results by getting the corrective group of
population who have rational thinking.
The recruiting procedure will be done on the basis of choosing the
people from the social media platform.What are your independent
and dependent variables?
What are three other
factors/variables you will
collect information about
and why? (3.5 marks)
Note: Must be a mix of both
data types.
Stress is the dependent variable is anxiety and independent is
financial awareness. The other factor for which the data will be
collected is having the significant insights about the financial
decision making.
The other variable which are require to be taken into the
consideration is having the availability of stable income,
prevailing working environment and effective ability to pay debts
2

Provide measurement scale
& units/categories
(whichever applies) for each
variable you described in
the part above?(e.g. Pulse
rate; ratio & no of
beats/min) (5 marks)
The measurement scale that is applied is having the pulse rate so
that rational thinking can be identified to make the decision
process.
For each of your five
variables, provide one
suitable descriptive statistic
& one suitable graph (5
(Presented below table number 1)
Table number 1
Statistics
Financial_aw
areness
Anxiety_for_
financial_dec
ision_making
Stable_incom
e
Prevailing_w
orking_envir
onment_of_c
ompany
Ability_to_pa
y_debts
N Valid 29 29 29 29 29
Missing 0 0 0 0 0
Mean 1.8276 1.7586 1.7586 2.5862 2.0690
Std. Error of
Mean .16512 .15421 .08087 .19550 .13066
Median 2.0000 2.0000 2.0000 2.0000 2.0000
Mode 1.00 1.00 2.00 2.00 2.00
Std. Deviation .88918 .83045 .43549 1.05279 .70361
Variance .791 .690 .190 1.108 .495
Range 2.00 2.00 1.00 3.00 2.00
Minimum 1.00 1.00 1.00 1.00 1.00
3

Maximum 3.00 3.00 2.00 4.00 3.00
Sum 53.00 51.00 51.00 75.00 60.00
From the assessment of the above table it can be articulated that the mean value for the
current study is that having showing that they have the financial awareness and possesses the
anxiety in financial decision making for the most of the time. In addition to this, there is
significant stable income, prevails the working environment frequently and have the ability to
pay the debts. On the basis of the descriptive statistics the depth understanding about the
particular subject matter can be identified as it is helpful in gaining the information about its
impact on anxiety for the financial decision making.
QUESTION 2
a)
Statistics
StatisticsAnxiety>25
(FILTER)
N Valid 13
Missing 0
Minimum 1
Maximum 1
4

From the assessment it can be articulated that there is significant level of information
from the above table can be obtained. It can be seen that the particular graph is presenting that
the respondents who have the higher score for the anxiety than 25 are 13. On the basis of the
presented table it can be articulated that from the 29 respondents 13 are having more than 25
score.
b)
5

Correlations
IQ socialmediati
me
IQ
Pearson
Correlation 1 -.134
Sig. (2-tailed) .664
N 13 13
socialmediatim
e
Pearson
Correlation -.134 1
Sig. (2-tailed) .664
N 13 13
6

From the analysis it can be said that there is negative correlation is found between the
specified two variables which are IQ and social media time. It can be specified that there is
negative relationship is found between the specified variables like social media time spend and
IQ level. On the basis of this it can be articulated that there is time spend on social media does
not decide level of the IQ a person is having.
c)
Statistics
PetOwnership = 1
(FILTER)
N Valid 14
Missing 0
Mean 1.00
Median 1.00
Mode 1
Variance .000
Minimum 1
Maximum 1
Sum 14
PetOwnership = 1 (FILTER)
Frequency Percent Valid
Percent
Cumulative
Percent
Valid Not
Selected
15 51.7 51.7 51.7
7

Selected 14 48.3 48.3 100.0
Total 29 100.0 100.0
On the basis of this, it can be mentioned that 1 is denoting those respondents who said
yes it can be articulated that selected graph is presenting that there is 14 people out of 29
respondents who have chosen this which is depicting that major people are having the pet
ownership as they have selected yes regarding the highlighted subject.
8

d)
Statistics
socialmediati
me
Work_statu
s
N Valid 29 29
Missing 0 0
Mean 34.0690 1.6552
Median 32.0000 2.0000
Mode 39.00 2.00
Std. Deviation 21.68925 .48373
Minimum 4.00 1.00
Maximum 115.00 2.00
Sum 988.00 48.00
From the assessment it can be mentioned that there is major number of people from 2
categories that they spend the time on the social media. It can be specified that there is mode of
2 is obtained which shows that there is larger number of the respondents from the people who
are having the work status of the category 2. From the maximum and minimum it can be
articulated that the minimum participants have given emphasis on using the social media and
maximum participants from the group 2 is derived. SD is showing that the data is clustered
toward the data which shows its reliability.
e)
Statistics
Score
N Valid 29
Missing 0
9

Mean 120.9310
Median 119.0000
Mode 94.00a
Std. Deviation 24.94126
Minimum 83.00
Maximum 180.00
Sum 3507.00
a. Multiple modes exist.
The smallest value is
shown
QUESTION 3
Case Processing Summary
Cases
Valid Missing Total
N Percent N Percent N Percent
StatisticsAnxie
ty 29 100.0% 0 0.0% 29 100.0%
Descriptives
Statistic Std.
Error
StatisticsAnxie
ty
Mean 17.4286 1.97154
95% Confidence
Interval for Mean
Lower
Bound
13.1693
10

Upper
Bound 21.6878
5% Trimmed Mean 17.4206
Median 19.0000
Variance 54.418
Std. Deviation 7.37683
Minimum 6.00
Maximum 29.00
Range 23.00
Interquartile Range 13.75
Skewness -.272 .597
Kurtosis -.925 1.154
Tests of Normality
Kolmogorov-Smirnova Shapiro-Wilk
Statistic df Sig. Statistic df Sig.
StatisticsAnxie
ty .191 14 .177 .925 14 .259
a. Lilliefors Significance Correction
11