{"id":21816,"date":"2024-10-23T13:22:13","date_gmt":"2024-10-23T07:52:13","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21816"},"modified":"2024-10-23T13:22:23","modified_gmt":"2024-10-23T07:52:23","slug":"student-preferences-for-major-banks-survey-using-anova-single-factor","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21816","title":{"rendered":"Student Preferences for Major Banks Survey Using ANOVA: Single Factor"},"content":{"rendered":"

Student Preferences for Major Banks Survey Using ANOVA: Single Factor<\/strong><\/p>\n

Author: Nikhil Vinchurkar*<\/strong><\/p>\n

1<\/sup> F2 2024-26\u00a0 \u2013 021330124025, ITM Business School, Kharghar, Maharashtra, India<\/p>\n

* Corresponding Author E-mail: 2024.nikhily@isu.ac.in<\/p>\n

Introduction: <\/strong><\/p>\n

This report looks at how students at ITM Business School view four major banks: HDFC, ICICI, SBI, and BOB. We want to understand their opinions by analyzing the rankings they gave to these banks, from 1 (lowest) to 10 (highest). Using a method called ANOVA: Single Factor, we will check if there is a big difference in how students rated each bank. This will help us see which banks students prefer and how they feel about them.<\/p>\n

\u00a0<\/p>\n

Objective:<\/strong><\/p>\n

To find out if there are significant differences in the preferences (rankings) of ITM students for the banks HDFC, ICICI, SBI, and BOB.<\/p>\n

\u00a0<\/p>\n

Data Collection:<\/strong><\/p>\n

Students of ITM Business School were surveyed. Each student rated four Banks i.e. HDFC, ICICI, BOB and SBI on a scale of 1 to 10, were 1 indicates low preference and 10 indicates high preference. The ratings for each Bank were recorded for analysis.<\/p>\n

\u00a0<\/p>\n

Data Analysis:<\/strong><\/p>\n

\u00a0The ANOVA: Single Factor test was performed to compare the means of the ratings across the four Banks.<\/p>\n

\u00a0<\/p>\n

The hypotheses for the test are:<\/strong><\/p>\n

Null Hypothesis (H0): There is no significant difference in the average ratings of HDFC, ICICI, BOB and SBI banks<\/p>\n

Alternate Hypothesis (H1): At least one of the Banks has a significantly different average rating.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Anova: Single Factor<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

SUMMARY<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

Groups<\/em><\/p>\n<\/td>\n

\n

Count<\/em><\/p>\n<\/td>\n

\n

Sum<\/em><\/p>\n<\/td>\n

\n

Average<\/em><\/p>\n<\/td>\n

\n

Variance<\/em><\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

HDFC<\/p>\n<\/td>\n

\n

25<\/p>\n<\/td>\n

\n

130<\/p>\n<\/td>\n

\n

5.2<\/p>\n<\/td>\n

\n

9<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

ICICI<\/p>\n<\/td>\n

\n

25<\/p>\n<\/td>\n

\n

128<\/p>\n<\/td>\n

\n

5.12<\/p>\n<\/td>\n

\n

5.11<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

SBI<\/p>\n<\/td>\n

\n

25<\/p>\n<\/td>\n

\n

149<\/p>\n<\/td>\n

\n

5.96<\/p>\n<\/td>\n

\n

5.956666667<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

BOB<\/p>\n<\/td>\n

\n

25<\/p>\n<\/td>\n

\n

140<\/p>\n<\/td>\n

\n

5.6<\/p>\n<\/td>\n

\n

9.75<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

ANOVA<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

Source of Variation<\/em><\/p>\n<\/td>\n

\n

SS<\/em><\/p>\n<\/td>\n

\n

df<\/em><\/p>\n<\/td>\n

\n

MS<\/em><\/p>\n<\/td>\n

\n

F<\/em><\/p>\n<\/td>\n

\n

P-value<\/em><\/p>\n<\/td>\n

\n

F crit<\/em><\/p>\n<\/td>\n<\/tr>\n

\n

Between Groups<\/p>\n<\/td>\n

\n

11.31<\/p>\n<\/td>\n

\n

3<\/p>\n<\/td>\n

\n

3.77<\/p>\n<\/td>\n

\n

0.505757406<\/p>\n<\/td>\n

\n

0.67922635<\/p>\n<\/td>\n

\n

2.699392598<\/p>\n<\/td>\n<\/tr>\n

\n

Within Groups<\/p>\n<\/td>\n

\n

715.6<\/p>\n<\/td>\n

\n

96<\/p>\n<\/td>\n

\n

7.454166667<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n

Total<\/p>\n<\/td>\n

\n

726.91<\/p>\n<\/td>\n

\n

99<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

Since the P-value (0.67922635) is higher than the standard significance level of 0.05, we accept the null hypothesis.<\/p>\n

\u00a0<\/p>\n

Conclusion:<\/strong><\/p>\n

There is no significant difference in the average ratings of HDFC, ICICI, BOB and SBI banks<\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Student Preferences for Major Banks Survey Using ANOVA: Single Factor Author: Nikhil Vinchurkar* 1 F2 2024-26\u00a0 \u2013 021330124025, ITM Business School, Kharghar, Maharashtra, India * Corresponding Author E-mail: 2024.nikhily@isu.ac.in Introduction: This report looks at how students at ITM Business School view four major banks: HDFC, ICICI, SBI, and BOB. We want to understand their opinions… Continue reading Student Preferences for Major Banks Survey Using ANOVA: Single Factor<\/span><\/a><\/p>\n","protected":false},"author":139480,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[73,2031,1997,446],"class_list":["post-21816","post","type-post","status-publish","format-standard","hentry","category-finance","tag-anova","tag-banks","tag-itm-f2","tag-itm-kharghar","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139480"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21816"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21816\/revisions"}],"predecessor-version":[{"id":21817,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21816\/revisions\/21817"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}