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RESEARCHERS
Abonitalla, Janine T.
11 – STEADFASTNESS
INSTRUCTOR
A REQUIREMENT IN STATISTICS AND PROBABILITY- SECOND SEMESTER (Final
Term)
MARCH 2020
INTRODUCTION
Money is the most common and universal medium of exchange for obtaining
goods and services that a person needs (Kenton, 2008). Factors such as age,
personality traits, and knowledge serve as a basis on how students handle their funds.
The ability to manage expenses and savings is known as budgeting. Budgeting is
important for financial stability, ensuring oneself of being able to pay for everyday
expenses. According to a study conducted by a bank and financial institution, students
spend a bulk of their allowance on mobile phone load, food and transportation.
According to Holland (2016) many students are unused to managing money. One of the
biggest challenges that they usually encounter is staying on top of what they are
spending, which means that they have a difficulty in controlling the way they spend.
Giving allowance is not just for a student’s financial assistance. It can also help
them to learn the necessary things when it comes to money management. Students’
learning to manage their money is a significant process during their maturing stage.
Practical budgeting skills have become important among humans for maintaining and
improving one’s place in society. One reason students are wasting their money is
because they don’t have the right priorities in mind. It is an expense that many students
choose not to forego. Budgeting capacity reflects a person’s spending and saving
behaviours.
STATEMENT OF THE PROBLEM
1.
RATIONALE
allowance of selected Grade 11 students in GRSHS-X with respect to the students’ total
METHODOLOGY
This section of the paper presents the methods and steps in order to derive the
desired result.
researchers will use the correlation method to determine the Correlation between the
The primary sources of data are the Grade 11 students.The researchers will
select 30 respondents. The respondents are from the senior high school students of
The researchers will use random sampling method. Random Sampling technique
respondents. The researchers will then use a questionnaire as the primary instrument
Daily
Daily Total
Total Daily
Daily
Allownace Expenditure
Allownace Expenditure
1 100 30
2 100 70
3 150 50
4 100 70
5 100 60
6 100 50
7 80 80
8 100 50
9 50 20
10 100 50
11 150 120
12 80 75
13 70 65
14 100 100
15 70 50
16 70 70
17 100 100
18 100 100
19 120 120
20 100 100
21 150 150
22 50 50
23 70 70
24 50 50
25 50 50
26 120 120
27 80 80
28 150 150
29 100 100
30 65 50
Respondents X Y x2 y2 xy
1 100 30 10000 900 3000
2 100 70 10000 4900 7000
3 150 50 22500 2500 7500
4 100 70 10000 4900 7000
5 100 60 10000 3600 6000
6 100 50 10000 2500 5000
7 80 80 6400 6400 6400
8 100 50 10000 2500 5000
9 50 20 2500 400 1000
10 100 50 10000 2500 5000
11 150 120 22500 14400 18000
12 80 75 6400 5625 6000
13 70 65 4900 4225 4550
14 100 100 10000 10000 10000
15 70 50 4900 2500 3500
16 70 70 4900 3136 3920
17 100 100 10000 900 3000
18 100 100 10000 4900 7000
19 120 120 14400 14400 14400
20 100 100 10000 2500 5000
21 150 150 22500 10000 15000
22 50 50 2500 1600 2000
23 70 70 4900 1600 2800
24 50 50 2500 900 1500
25 50 50 2500 1600 2000
26 120 120 14400 4900 8400
27 80 80 6400 4900 5600
28 150 150 22500 4900 10500
29 100 100 10000 2500 5000
30 65 65 4225 625 1625
∑ 2825 1801 291825 127211 182695
140
120
Students Total Expenditure
100
80
60
40
20
0
40 60 80 100 120 140 160
Daily Allowance of selected Grade 11 students
n ∑ xy−∑ x . ∑ y
r=
√¿ ¿ ¿
30 ( 182695 )−(2825)(1801)
r= 2
√[ 30 (291825)−( 2825 ) ] ¿ ¿¿
5480850−5087825
r=
√(774125)(572729¿)¿
393025
r=
√ 443363837100
r = 0.5902
( ∑ y ) ( ∑ x 2 ) −(∑ x )( ∑ xy)
a=
n ( ∑ x 2 )−¿ ¿
525576825−516113375
a=
8754750−7980625
9463450
a=
774125
a = 12.2247
n ( ∑ xy )−(∑ x )(∑ y )
b=
n ( ∑ x 2 )−¿ ¿
30 (182695 )−(2825)(1801)
b=
30 ( 291825 ) −¿ ¿
5480850−5087825
b=
8754750−7980625
393025
b=
774125
b = 0.5077
The scatter plot shows that there is a positive correlation between the students’
daily allowance and the daily total expenditure. Based on the r value of 0.5902, there is
a moderate positive correlation between the two variables.
The correlation between the daily allowance of the students and their daily total
expenditure can be best represented by the model Ῠ= 0.5077x + 12.2247. This model
suggests that for every peso increase there is a corresponding average increase of
0.5077 in the amount of daily total expenditure.
Additionally, the R2 value tells us that 25.77% of the variation in the daily total
expenditure is explained by the students’ daily allowance.