Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science

Sewale Million Dagnachew; Assaye Belay Gelaw

doi:doi:10.11648/j.sjams.20190705.14

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Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science

Sewale Million Dagnachew, Assaye Belay Gelaw

Published in Science Journal of Applied Mathematics and Statistics (Volume 7, Issue 5)

Received: 16 May 2019 Accepted: 21 October 2019 Published: 25 October 2019

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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.

Published in	Science Journal of Applied Mathematics and Statistics (Volume 7, Issue 5)
DOI	10.11648/j.sjams.20190705.14
Page(s)	83-88
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Income, Multiple Linear Regression, Saving

References

[1]	Gohale, (2000). “Personal saving in developing Nation’s further Evidence”.
[2]	E. Mark- Hanson. (1992) Educational Demonstration and Organization 5^th edition.
[3]	Karim, (2010). Personal saving merit and money growth.
[4]	Green Wald et al, (2001). The goal of promoting financial saving habit.
[5]	World book Encyclopedia (E), Vilene Wudemelese and Tefera Tares (1998) Basic concepts of Education and curriculum: 3rd edition.
[6]	Sherraden et al, (2007). The prances and benefits of asset accumulation for willingness to Chicago.
[7]	Paula new and B. E Mark Hans on old (ed) (1989) Statistics for Business and Economics: 8^th edition.
[8]	Friedman, Milton. 1972. “Comments on the Critics” Journal of Political Economy, September, October pg 913.
[9]	Adam’s, (1998). Mobilizing money saving through rural financial markets. Ohio state university; university of Chicago.
[10]	Cochran (1997 Sampling Techniques: third edition.
[11]	Montgomery, C. (2003). Introduction to linear regression analysis. 3rd Edition New York.

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APA Style

Sewale Million Dagnachew, Assaye Belay Gelaw. (2019). 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, 7(5), 83-88. https://doi.org/10.11648/j.sjams.20190705.14

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ACS Style

Sewale Million Dagnachew; Assaye Belay Gelaw. Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science. Sci. J. Appl. Math. Stat. 2019, 7(5), 83-88. doi: 10.11648/j.sjams.20190705.14

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AMA Style

Sewale Million Dagnachew, Assaye Belay Gelaw. Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science. Sci J Appl Math Stat. 2019;7(5):83-88. doi: 10.11648/j.sjams.20190705.14

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@article{10.11648/j.sjams.20190705.14,
  author = {Sewale Million Dagnachew and Assaye Belay Gelaw},
  title = {Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science},
  journal = {Science Journal of Applied Mathematics and Statistics},
  volume = {7},
  number = {5},
  pages = {83-88},
  doi = {10.11648/j.sjams.20190705.14},
  url = {https://doi.org/10.11648/j.sjams.20190705.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjams.20190705.14},
  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.},
 year = {2019}
}

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TY  - JOUR
T1  - Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science
AU  - Sewale Million Dagnachew
AU  - Assaye Belay Gelaw
Y1  - 2019/10/25
PY  - 2019
N1  - https://doi.org/10.11648/j.sjams.20190705.14
DO  - 10.11648/j.sjams.20190705.14
T2  - Science Journal of Applied Mathematics and Statistics
JF  - Science Journal of Applied Mathematics and Statistics
JO  - Science Journal of Applied Mathematics and Statistics
SP  - 83
EP  - 88
PB  - Science Publishing Group
SN  - 2376-9513
UR  - https://doi.org/10.11648/j.sjams.20190705.14
AB  - 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.
VL  - 7
IS  - 5
ER  -

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Author Information

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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APA Style

Sewale Million Dagnachew, Assaye Belay Gelaw. (2019). 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, 7(5), 83-88. https://doi.org/10.11648/j.sjams.20190705.14

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ACS Style

Sewale Million Dagnachew; Assaye Belay Gelaw. Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science. Sci. J. Appl. Math. Stat. 2019, 7(5), 83-88. doi: 10.11648/j.sjams.20190705.14

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AMA Style

Sewale Million Dagnachew, Assaye Belay Gelaw. Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science. Sci J Appl Math Stat. 2019;7(5):83-88. doi: 10.11648/j.sjams.20190705.14

Copy | Download

@article{10.11648/j.sjams.20190705.14,
  author = {Sewale Million Dagnachew and Assaye Belay Gelaw},
  title = {Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science},
  journal = {Science Journal of Applied Mathematics and Statistics},
  volume = {7},
  number = {5},
  pages = {83-88},
  doi = {10.11648/j.sjams.20190705.14},
  url = {https://doi.org/10.11648/j.sjams.20190705.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjams.20190705.14},
  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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science
AU  - Sewale Million Dagnachew
AU  - Assaye Belay Gelaw
Y1  - 2019/10/25
PY  - 2019
N1  - https://doi.org/10.11648/j.sjams.20190705.14
DO  - 10.11648/j.sjams.20190705.14
T2  - Science Journal of Applied Mathematics and Statistics
JF  - Science Journal of Applied Mathematics and Statistics
JO  - Science Journal of Applied Mathematics and Statistics
SP  - 83
EP  - 88
PB  - Science Publishing Group
SN  - 2376-9513
UR  - https://doi.org/10.11648/j.sjams.20190705.14
AB  - 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.
VL  - 7
IS  - 5
ER  -

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