Analysis of Factors Influencing Pocket Expenses of College Students

Analysis of Factors Influencing Pocket Expenses of College Students

INTRODUCTION

The area under discussion in the following report is the relationship

between the factors affecting pocket expenses of college students. It

envelops a range of processes and techniques, which were employed to

collect data regarding the above-mentioned theme, as well as a

detailed analysis of the same. Suitable diagrams and graphs have been

included in the report so as to make it interesting and simple for the

reader. Concurrently it puts in numerous tests like f-distribution

test, chi square distribution test, test for goodness of fit, z-test

for correlation and other miscellaneous tests to clarify the subject

matter. In addition it enlightens the Excel functions being used for

the analysis as well as a brief summary and conclusion of the whole

report.

METHODOLOGY

The key word in statistics is 'data'. Data refers is all the

information collected in any form for analysis. Data may be expressly

collected for a specific purpose. Such data are known as primary data.

The collection of facts and figures relating to the population in the

census provides primary data. Often, however data collected for some

purpose, frequently for administrative reasons, may be used. Such data

are known as secondary data. The following methods are generally

adopted for collecting the data.

· Postal questionnaire

· Questionnaires to be filled in by enumerators

· Telephonic interview

· Observation Reports

· Results of experiments

Some other modern techniques used for collecting data are:

· E-mail

· Having questionnaires put up on chat rooms

·

Collection of Data

We followed a planned strategy for the collection of data. As our

topic was concerned with college students we targeted the

universities, cafeterias, call centres, cinemas and other rendezvous

places such as Priya's, DT malls etc. As we were a group of 3 we

divided these places according to locations convenient for each. As it

was time for admissions we knew the target would be the Delhi