Title – Economic Lifestyle of Youth
Author – Shrushti Parshetye, Sakshi Patil, Devesh Hole, Tushar
Author: 1. Tushar Awari 021230022453 IFM
2. Sakshi Patil IFM
3. Shrushti Parshetye IFM
4. Devesh Hole IFM
Introduction:
Today’s generation youth is finding difficult to manage the finance. Their choices are of spending are different.
Objectives:
To determine whether youth are managing their finance. For which purpose they are spending more.
Data Collection:
The following 5 Qs. were framed on a Likert scale on a scale of 1-5 where 1 is for Strongly Disagree and 5 is for Strongly Agree
Questions are as follows:
1. I like to spend money on my friends
2. I feel good by spending money on books and novels
3. I like spending money on beauty products
4. I feel good after spending money on food
5. I like spending money on electronic gadgets
Data Analysis:
After receiving 100+ responses, we were able to come up with the following analysis:
QUESTION NO ARITHMETIC MEAN STANDARD DEVIATION STANDARD ERROR Z SCORE (95.0%)
1 3.752380952 1.089997816 0.106372895 7.055
2 2.542857143 1.646841799 0.160715303 -2.875
3 3.79047619 1.006662785 0.098240229 8.0456
4 3.733333333 1.120325044 0.109332529 6.727
5 4.447619048 0.571451465 0.55767953 2.6028
Conclusion:
• People are agreeing that they like to spend money on their friends
As Z = 7.055 is more than 1.96.
• People are disagreeing that they feel good by spending money on books and novels As Z = -2.875 less than -1.96
• People are agreeing that they I like spending money on beauty products As Z = 8.0456 more than 1.96
• People are agreeing that they feel good after spending money on food
As Z = 6.727 more than 1.96
• People are agreeing on they like spending money on electronic gadgets as Z = 2.6028 is more than 1.96