Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science
Science Journal of Applied Mathematics and Statistics
Volume 7, Issue 5, October 2019, Pages: 83-88
Received: May 16, 2019; Accepted: Oct. 21, 2019; Published: Oct. 25, 2019
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Authors
Sewale Million Dagnachew, Department of Statistics, Mizan-Tepi University, Tepi, Ethiopia
Assaye Belay Gelaw, Department of Statistics, Mizan-Tepi University, Tepi, Ethiopia
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Abstract
This study entitled by determinants of average money saving in university lecturers in case of Mizan-Tepi University Tepi Campus in the College of Natural and Computational Science. The amount of saving is influenced by different factors: monthly income, family size, and age and family consumption per capital. The objective of the study was to examine the responsible factors on average saving monthly income of lecturer’s in Mizan- Tepi University, Tepi Campus. The study included about 135 teachers (lecturers). The data for the research was collected from primary source and structural questionnaires were administered. The dependent variable was average saving monthly income and the independent variables are factors like; family consumption per month, family size, recreation, age, marital status, religion, donation, and house rent, sex, and work experience. From multiple linear regressions analysis on the effect of average monthly income of lecturers was family consumption, family size, and age. The data were analyzed using SAS version 9.2 and finding also compared with relevant literatures, lastly conclusions drawn and recommendation was for warded from the result. It was concluded that from 135 teachers (lecturers), 86.79% of the teachers (lecturers) are male and 13.21% are females who saved money prevalently and age, net salary, family size and consumption per month were significantly influencing on average saving money of lecturers’ in case of Natural and Computational science.
Keywords
Income, Multiple Linear Regression, Saving
To cite this article
Sewale Million Dagnachew, Assaye Belay Gelaw, Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science, Science Journal of Applied Mathematics and Statistics. Vol. 7, No. 5, 2019, pp. 83-88. doi: 10.11648/j.sjams.20190705.14
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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