RESEARCH REPORT
Lifestyle of ITM students regarding their daily expenses
Authors
1) Vraj Naik
2) Preet Shah
3) Ashi Kodia
4) Parth Chaudhary
Introduction:
Student life is full of new and exciting experiences and there is often lots going on. It is important to take the time to look after yourself with lifestyle changes. Coming to a new city for your education also brings big lifestyle changes regarding your choices, food, clothing, behavior, etc, and managing all these new lifestyle changes with your pocket money is a bit difficult
Objective:
To understand why students, have more expenses than pocket money
Data Collection:
Data was generated with the help of google Forms from the students of ITM Business School. We have used Convenient Sampling for the data collection.
The following questions were framed to collect data on google form:
1. I spend more than my pocket money.
2. I prefer eating outside frequently.
3. I don’t prefer using public transportation.
4. I prefer buying new clothes frequently.
5. I prefer taking money on credit for my expenses.
Data Analysis:
Q1 Q2 Q3 Q4 Q5
MEAN 2.83
2.37 2.96 2.72 3.64
STANDARD DEVIATION 1.31 1.12 1.33 1.23 1.16
STANDARD ERROR 0.15 0.13 0.15 0.14 0.13
Z-SCORE 1.66 2.34 1.53 1.86 1.17
Conclusion:
From this research, we can conclude that out of 101 responses,
(1) From the given data we conclude that people tends to spend more than pocket money.
(2) From the given data we can conclude that people tends to eat outside more frequently.
(3) From the given data we can conclude that majority of the people are neutral for the preference of public transportation
(4) From the given data we can conclude that majority of the people are neutral towards buying new clothes more frequently
(5) From the given data we can conclude that Majority of the people disagree on taking money on credit for over expenses.