StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Interpreting a Factor Analysis - Essay Example

Cite this document
Summary
This is a test of the validity of the dependency scale based on information on age and the six items of financial dependency in the data (moneydata.sav). According to Gupta (2007), the theoretical relationship between age and financial dependency is hedged on several factors,…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Interpreting a Factor Analysis
Read Text Preview

Extract of sample "Interpreting a Factor Analysis"

Test Validity: The Relationship between Age and the Tendency for Dependence Hypothesis This is a test of the validity of the dependency scale based on information on age and the six items of financial dependency in the data (moneydata.sav). According to Gupta (2007), the theoretical relationship between age and financial dependency is hedged on several factors, some ideological and some sociological. For instance, the author notes that young people in their adolescence (presumably represented by the group aged 18 – 20 in this study) are more likely to have a lower education compared to the older individuals in their late twenties and beyond.

This low education affects their ability to either secure any or a well-paying job (Vijayakumar, 2013). Furthermore, the younger generations have lower job skills and work experience compared to the older persons. Due to their limited access to work/ well paying work, young people are more prone to poverty and, consequently, higher financial dependency (Gupta, 2007). These two studies successfully demonstrate that there is a relationship between age and dependency – the higher the age, the lower the level of dependency.

Based on these findings, I seek to investigate whether this hypothetical relationship between age and financial dependency is valid for the data at hand. The following hypothesis is investigated:H0: There exists negative correlation between age and financial dependency. That implies that, for this study, higher levels of dependency are expected to correspond to lower ages. A bivariate correlation analysis was run in the SPSS using the computed value for “dependency” and age. The test was run at the 5% level of significance.

The findings are contained in the following section.ResultsTable 1: Descriptive StatisticsMeanStd. DeviationNParticipants age32.9011.2501146Dependence14.24874.557071146Table 2: CorrelationsParticipants ageDependenceParticipants agePearson Correlation1-0.107**Sig. (2-tailed)0.000N11461146DependencePearson Correlation-0.107**1Sig. (2-tailed)0.000N11461146**. Correlation is significant at the 0.01 level (2-tailed). The average ages of the 1146 participants is 32.4 years (Std. dev. = 11.25), while the average dependency score is 14.25 (Std. dev. = 4.56).

The correlation between the ages of participants and dependency is -0.107 (p < 0.001). The p-value (p < 0.001) confirms that the correlation is indeed significant, and, therefore, our hypothesis is true.Conclusion The findings of this study fall in line with the findings of both Gupta (2007) and Vijavakumar (2013) which established the existence of significant correlations between the ages and dependency levels of participants. This confirms validity of the “dependency” scale. Since the relationship between age and dependency is inverse (negative correlation coefficient), and having confirmed the validity of the dependency scale, we conclude that the older generations have relatively lower levels of financial dependency, while the younger individuals have relatively higher levels of financial dependency.

ReferencesGupta, S. (2007). Autonomy, dependency, or display? The relationship between married women’s earnings and housework. Journal of Marriage and Family. 69: 399-417.Vijayakumar, S. (2013). An empirical study on the nexus of poverty, GDP growth, dependency ratio and employment in developing countries. Journal of Competitiveness. 5(2): 67-82. ISSN: 1804-171X.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Interpreting a Factor Analysis Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/statistics/1650073-interpreting-a-factor-analysis
(Interpreting a Factor Analysis Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/statistics/1650073-interpreting-a-factor-analysis.
“Interpreting a Factor Analysis Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/statistics/1650073-interpreting-a-factor-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Interpreting a Factor Analysis

Debates In Literature

The description of Jekyll's handbrings about a confluence of the masculine and the feminine, while Hyde's physicality lends itself to Freud's analysis of the psychosocial implications of hair.... It is indeed significant that the chief motivating factor for Dr.... Psychoanalysis is relevant also in interpreting the work's politics of gender and race, especially in the context of the Victorian society in which it was conceived....
3 Pages (750 words) Essay

Predicting outcomes and results-interpretive and positivist approach

In relation to making predictions and the interpretive approach, the approach leads to an analysis of various questions regarding the predictions being made, and provide answers to those questions, on the basis of the predictions made in terms of telling a story.... This essay shall aim to assess the basic of interpretive and positivist approaches in an attempt to analyze human behaviour in making predictions....
4 Pages (1000 words) Essay

Analysing Online Consumer Shopping Motivations for Luxury Products

Data analysis Method 9 8.... Research Methodology Table of Contents Table of Contents 2 1.... Research Methodology 4 2.... Research Philosophy 4 Ontology 4 Epistemology 4 3.... Research Approach 4 Deductive Research 5 Inductive Research 5 4.... Data Sources 5 Primary Data 5 Secondary Data 6 5....
8 Pages (2000 words) Essay

Understanding and interpreting financial data

One method of doing this is the analysis of financial ratios.... One method of doing this is the analysis of financial ratios.... Each ratio is measured differently and used according to the necessary analysis needed.... t is a tool for interpreting the financial statements to assess financial and management performance....
4 Pages (1000 words) Coursework

Analysis of Domestic Violence Articles Using ANOVA

A number of methods of statistical data analysis are used and these include: factor analysis, correlations analyses, ANOVA and multiple regression analyses.... The first journal article is a study that aimed to explore women's experiences of domestic violence in Myanmar and the second journal article aimed to study how children are involved in adult domestic violence… The author concludes that the observation that can be made from the above journal articles is that all of them have used many variables in their analysis....
2 Pages (500 words) Essay

To gain insights to some of the factors that will help movie investors in making better decisions

Multi-linear regression and regression tree analysis of the data signified error in data interpretation.... Therefore, it was important to improve data analysis accuracy in order to provide reliable research result.... Data analysis of various variables included release time, type of content played, inclusion of an Oscar actor or producer, and genre.... The return on capital analysis of... In addressing the research problem, data from 100 out of 600 movies was collected through a random selection method in order to provide… After the collection of data and information, multi-linear regression is carried out, in analyzing and interpreting the information....
6 Pages (1500 words) Assignment

Analysis of Articles about International Students in Australia

The second article takes a larger sample size and tries to discuss this experience in terms of social constraints faced by international students  The article B does not focus on a single university while giving its analysis.... the author of the paper analyzes the articles about international students in Australia....
16 Pages (4000 words) Essay

Norms in Psychological Testing

This essay "Norms in Psychological Testing" addresses the limitations of norming while interpreting results, and reconcile the limitations with the interpretation of the scores.... Norms should not be seen as the standards of performance, but they act as a base for interpreting test scores.... nbsp;… Norm using in psychological tests is highly used and readily accepted in society, and they assist in interpreting psychological tests....
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us