Introduction:
Trading platforms are essential tools for investors and traders, enabling them to execute trades and manage their portfolios online. They vary widely in features, user experience, and market access. This presentation will compare popular trading platforms, focusing. By analyzing these Apps , we aim to uncover insights into current trends and traders and investors choice.
Author: Sayyed Arsh Sharif (021330024367), ITM Skills University.
Objective:
To compare the four different types of trading apps.
Data collection:
Individual participants provided ratings for Zerodha Kite, Upstox Pro, Angle one, and 5paisa on a scale of 1 to 10. Each rating was collected independently to reflect personal preferences and choice of traders and investors
Data analysis:
The ratings were then compiled to analyze consumer preferences using ANOVA: single factor, allowing for statistical evaluation of differences in beverage preferences.
The hypothesis for the test are:
• Null Hypothesis (H0): It states that all beverage preferences are the same.
• Alternative Hypothesis (H1): It indicate that at least one beverage is rated significantly differently.
• Data Analysis
ANOVA
Source of Variation SS df MS F P-value F crit
Between Groups 28.59 3 9.53 2.275820896 0.0846885109 2.699392598
Within Groups 402 96 4.1875
Total 430.59 99
Total 430.59 99
Null Hypothesis(H0) -: There is no significant difference in the average ratings between the trading apps .
Alternate Hypothesis(H1) -: There is a significant difference in the average of ratings between at least any 2 apps.
As the P-value is 0.084 which is more than the significant level of 0.05 this indicates that we will accept the Null Hypothesis(H0) and reject the Alternate Hypothesis(H1).
Conclusion
As we accept the Null Hypothesis, we can say that there is no statistically significant difference in the average rating of 4 trading apps.