Anish Bhandari.22015997.FE5056, Problem Solving Methods and Analysis
Anish Bhandari.22015997.FE5056, Problem Solving Methods and Analysis
Anish Bhandari.22015997.FE5056, Problem Solving Methods and Analysis
Assessment Detail
Module Code and Title FE5056NP Problem Solving Methods
and Analysis
Course Tittle BA (Hons) Business Administration
Level 5
Cohort Spring 2023
Credit Semester Long
Component Comp 001
Weight 30%
Assessment Tittle Individual Written Report (600Words)
Module Lecturer Mr. Arjun Prasad Sapkota
Submission Detail:
Anish Bhandari
FE5056 Problem Solving Methods and Analysis
Table of Contents
Demographic Profile......................................................................................................1
Major Findings..............................................................................................................10
Table of Figures
Anish Bhandari
FE5056 Problem Solving Methods and Analysis
The descriptive analysis of the study variables and the demographic profile of the
respondents were both presented and interpreted in this data analysis report.
Demographic Profile
Demographic profile refers to the collection of characteristics that describe a population
of individuals. In the context of a research study, it typically includes information such as
age, gender, education level, job title or position, years of experience, and industry
sector.
The table below provides information on the demographic profile of the customers who
have traveled on Yeti Airlines. The table presents data on four demographic variables,
including gender, age, education, and occupation.
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FE5056 Problem Solving Methods and Analysis
Frequenc
Demographic Variables Category y Percent
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others
Internet 14 19.2
As per the demographics profile of the respondent presented in Table 1, out of 100
respondents, 39.7% were female, while 58.9% were male. In terms of age, 12.3% of
respondents were below the age of 2. The respondents' highest academic qualification
percentage was 65.8% which is of bachelor level and lowest academic qualification
percentage is 4.1 % which is of Masters. A participation rate of 54.8 % for students and
a self-employed employment participation rate of 11 percent.
Under the occupation category, the table provides data on the frequency and
percentage of customers with different types of occupations, including employed, self-
employed, student, and unemployed. The majority of the customers were students, with
a frequency of 40 and a percentage of 54.8%. The smallest group of customers were
self-employed, with a frequency of 8 and a percentage of 11%.
Finally, the table provides information on whether the customers have traveled on Yeti
Airlines before, with a frequency of 73 and a percentage of 100%. It also presents data
on how customers found out about Yeti Airlines, with the majority of customers (28.8%)
learning about the airline through friends or family.
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FE5056 Problem Solving Methods and Analysis
Descriptive Statistics
Descriptive statistics are brief informational coefficients that summarize a given data
set, which can be either a representation of the entire population or a sample of a
population. Descriptive statistics are broken down into measures of central tendency
and measures of variability (spread).
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FE5056 Problem Solving Methods and Analysis
This table 2 provides descriptive statistics for five different variables related to service
quality related to a service quality evaluation, based on a sample size of 73
observations. The 1st column indicates the name of each variable, which includes
Average of Tangible, Average of Responsiveness, Average of Assurance, Average of
reliability and average of customer satisfaction.
The reliability column shows the reliability coefficient or Cronbach’s alpha ranges from 0
to 1. Table 2 showed that all of the variables have reliability value (i.e. Cronbach's alpha
values) greater than 0.7, which are under acceptable limit for measuring internal
consistency of items used for data collection
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FE5056 Problem Solving Methods and Analysis
Correlation analysis is a statistical method used to measure the strength of the linear
relationship between two variables and compute their association.
Customer
Variables Tangible Responsiveness Assurance Reliability
Satisfaction
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FE5056 Problem Solving Methods and Analysis
Customer
0.616** 0.557** 0.695** 0.583** 1
Satisfaction
Note: ** indicates
correlation is
significant at the 0.01
level (2-tailed).
A value of -1 indicates a perfect negative correlation, which means that as one variable
increases, the other variable decreases proportionally. A value of 0 indicates no
correlation between the variables.
Looking at the table 3, it seems that there are positive correlations between all
variables. Tangible has the strongest correlation with responsiveness (0.756) and the
weakest correlation with reliability (0.585). Responsiveness has the strongest
correlation with assurance (0.59) and the weakest correlation with customer satisfaction
(0.557). Assurance has the strongest correlation with customer satisfaction (0.695) and
the weakest correlation with reliability (0.627).
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FE5056 Problem Solving Methods and Analysis
Regression is a statistical technique used in the fields of finance, investing, and other
subjects that aims to establish the nature and intensity of the connection between a
single dependent variable (typically denoted by Y) and a number of independent factors.
(Known as independent variables).
(BEERS, 2022)
Table
4:Regression
Analysis of the
Variable
Independent Std.
Responsivene
0.062 0.137 0.06 0.456 0.65 2.619
ss
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FE5056 Problem Solving Methods and Analysis
The intercept or constant term (B = 0.491), which represents the predicted value of the
dependent variable (Average of Customer Satisfaction) when all independent variables
are zero.
The standard error of the regression coefficients provides information on the precision
of the estimates. For example, the standard error for the coefficient of Average of
Assurance is 0.116.
The standardized regression coefficients (Beta) indicate the relative importance of each
independent variable in predicting the dependent variable, after controlling for the other
variables in the model. For example, the standardized coefficient for Average of
Assurance is 0.431, indicating that a one-standard deviation increase in Average of
Assurance is associated with a 0.431 standard deviation increase in Average of
Customer Satisfaction.
The t-value and associated p-value test the null hypothesis that the regression
coefficient is zero. For instance, the t-value for Average of Assurance is 3.603, with a
corresponding p-value of 0.001, indicating that the coefficient is statistically significant at
the 0.05 level.
The variance inflation factor (VIF) measures the degree of multicollinearity between
each independent variable and the other variables in the model. For instance, the VIF
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FE5056 Problem Solving Methods and Analysis
for Average of Assurance is 2.139, indicating that there may be some moderate
correlation between this variable and the other variables in the model.
Major Findings
Level of
significant
Hypotheses P value (Test Conclusion
value)
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FE5056 Problem Solving Methods and Analysis
If P value is greater than the Test value then it is called Accept null hypothesis, here, in
the Hypotheses of Tangible, Responsiveness and Reliability, The P value is greater
than the Test value which is Accept null hypothesis.
If P value is less than the Test value then it is called Reject null hypothesis, here, in the
Hypothesis of Assurance, The P value is less than the Test value so it is called Reject
null hypothesis
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