Chapter IV

Data Analysis and Interpretation

The chapter presents the tabulation of data gathered in the study which pertains to level

of financial literacy of Grade 12 ABM students in NVGCHS. The data presented on the tables

showed the respondent’s profiles using frequency and percentage distribution, mean

interpretations and significant relationship on the participants’ level of financial literacy when

grouped according to each variable.

Table 1. Respondents’ profile according to sex.

Sex Frequency (N) Percentage (%)

Male 31 33%
Female 62 67%
Total 93 100%

Table 1 presents the distribution of the respondents according to sex. Based on the

able, majority of the respondents were female with a frequency of 62 (67%). The remaining

respondents are male with a frequency of 31 (33%).

2. Frequency and percentage distribution of respondents according to age.

AGE FREQUENCY PERCENTAGE

16-17 29 31%
18-19 60 65%
20-21 4 4%
TOTAL 93 100%
Table 7. Respondents’ level of knowledge on financial literacy
Item Indicators % Of Correct Description
Answers
1. Your bank will usually call to warn you if you write a 14.8% Low
check that would overdraw your account.
2. Employers are responsible for providing the
majority of funds that you will be need for 25% Low
retirement.
3. The cash value of a life insurance policy is the amount
available if you surrender your life insurance policy 73% Moderate
while you are still alive.
4. After signing a contract to buy a new car, you have 58% Moderate
three days to change your mind.
Overall 42.70% Low

Table 7 shows the respondents’ level of knowledge on financial literacy. Data reveal

that the respondents’ have low to moderate knowledge on financial literacy. Specifically, they

manifested moderate knowledge on insurance policies (73%) and signing contract agreement

(58%). Nonetheless, the respondents showed little financial knowledge in general as shown

by the computed percentage of 42.7 which is qualitatively described as low.

Table 11. Difference on Level of Financial Literacy when grouped according to GWA.
Source of
Variation SS df MS F P-value F crit
Between Groups 18.07643 2 9.038217 6.170806 0.003251 3.113792
Within Groups 114.2446 78 1.464674
Total 132.321 80

Table 11 shows the data analysis of the level of financial literacy when respondents are

grouped according to their General Weighted Average (GWA) in Business Finance subject. To
determine their difference, ANOVA was used at 0.05 significance level. With the calculated p-

value lying at 0.00325 (p<0.05), the null hypothesis was rejected. There is a significant

difference on the financial literacy when grouped according to GWA in Business Finance

subject.