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Interpretation of Data Analysis

The document discusses analyzing data from a study on the effect of job amenities on employees. It describes various statistical methods used in the analysis, including computing variables, descriptive statistics like mean, median, variance and standard deviation, correlation to measure the strength of relationships between variables, reliability testing, and regression analysis. Regression analysis provides results like R-squared value to show the impact of independent variables on the dependent variable, ANOVA tests for significance, and beta coefficients to compare the strength of different independent variables.

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88 views3 pages

Interpretation of Data Analysis

The document discusses analyzing data from a study on the effect of job amenities on employees. It describes various statistical methods used in the analysis, including computing variables, descriptive statistics like mean, median, variance and standard deviation, correlation to measure the strength of relationships between variables, reliability testing, and regression analysis. Regression analysis provides results like R-squared value to show the impact of independent variables on the dependent variable, ANOVA tests for significance, and beta coefficients to compare the strength of different independent variables.

Uploaded by

Rana hamza
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Hailey College of Banking and Finance (HCBF)

Submitted To

Prof. WAQAS FAROOQ

Submitted By

DATA ANALYSIS RESEARCH TOPIC

Effect of Job amenities on Employee

Dated
SEPTEMBER 17, 2021
Interpretation of Data Analysis:

1. Computing Variable:
The difference and analysis between variable of this particular data is summed by in single
standard head. For e.g OC, SI, JO, GI, PO.
Variables for reference

 Occupational Choices
 Job Opportunities
 Gender Equality
 Personal Opinion
 Self-Identity

2. Descriptive Statistics:
Kurtosis & Skewness – Skewness assesses the extent to which a variable’s distribution is
symmetrical. If the distribution of responses for a variable stretches toward the right or left
tail of the distribution, then the distribution is referred to as skewed. Kurtosis is a measure
of whether the distribution is too peaked. When both skewness and kurtosis are zero (a
situation that researchers are very unlikely to ever encounter), the pattern of responses is
considered a normal distribution. A general guideline for skewness is that if the number is
greater than +1 or lower than –1, this is an indication of a substantially skewed distribution.
For kurtosis, the general guideline is that if the number is greater than +1, the distribution is
too peaked. Likewise, a kurtosis of less than –1 indicates a distribution that is too flat.
Mean & Median – The median and the mean both measure central tendency. But unusual
values, called outliers, affect the median less than they affect the mean. When you have
unusual values, you can compare the mean and the median to decide which is the better
measure to use. If your data are symmetric, the mean and median are similar.
Variance – The variance measures how spread out the data are about their mean. The
variance is equal to the standard deviation squared.

The greater the variance, the greater the spread in the data.

Because variance (σ2) is a squared quantity, its units are also squared, which may make the
variance difficult to use in practice. The standard deviation can be easier to use because it is
a more intuitive measurement.

Standard Deviation – Use the standard deviation to determine how spread out the data are
from the mean. A higher standard deviation value indicates greater spread in the data. A
good rule of thumb for a normal distribution is that approximately 68% of the values fall
within one standard deviation of the mean, 95% of the values fall within two standard
deviations, and 99.7% of the values fall within three standard deviations.
3. Correlation: Correlation coefficients measure the strength of the relationship
between two variables. A correlation between variables indicates that as one
variable changes in value, the other variable tends to change in a specific direction.
Understanding that relationship is useful because we can use the value of one
variable to predict the value of the other variable. 

4. Reliability: a measure of the accuracy of a test or measuring instrument obtained


by measuring the same individuals twice and computing the correlation of the two
sets of measures

5. Regression: In order to find variation, we perform regression test.

 R – Square: Shows there is 20% impact of independent variable on


dependent variable

 ANOVA: Significant

 Beta: A standardized beta coefficient compares the strength of the effect of


each individual independent variable to the dependent variable. The higher
the absolute value of the beta coefficient, the stronger the effect.

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