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Research Methods in Business
Research Methods in Business
research is a process of systematic and in-depth study or search of any particular topic, subject
or area of investigation backed by collection, computation, presentation and interpretation of
relevant data.
Business research is a process of acquiring detailed information of all the areas of business and
using such information in maximizing the sales and pr
ofit of the business
2) Industrial Research
Industrial research is a pragmatic concept that prioritizes the well-being of a company.
Therefore, it is a planned effort to gain better information and improve the new and existing
products, services, and processes. The scope of industrial research extends to several crucial
areas, and they are as follows:
3) Organisational Research
Organizational research includes a multitude of disciplines. In an organisation, researchers
come from different backgrounds and hence bring various concepts, tools, and methods for
analysis. Many experts widely accept that students aspiring to become future managers benefit
significantly from a solid understanding of research methods. Organisational analysis facilitates
managers to explore various theories and findings that are relevant to the organisation.
Additionally, it helps the managers to increase their problem-solving efficiency. Knowing the
research fundamentals allows the managers to investigate a problem scientifically, which in turn
enhances the efficiency of managers
4) Marketing Research
There is widespread use of research in marketing. As a result, the company formulates all its
marketing strategies and initiatives based on consumer tastes and preferences, which various
research efforts aim to thoroughly comprehend. Companies conduct marketing research to
study consumer behaviour, assess consumer attitude, measure advertising effectiveness,
evaluate distribution channel efficiency, analyze sales, and support new product development,
among other objectives.
In the field of accounting and finance, researchers investigate various main areas, which are as
follows.
i) Designing new practices and methods for inventory costing.
ii) Examining budgetary control systems.
iii) Analyzing the practice of transfer pricing and its effects on profitability.
iv) Investigating the treatment of depreciation and its effect on earnings.
v) Exploring decisions regarding capital structure and capital budgeting.
vi) Assessing the effect of merger and acquisition on profitability.
vii) Studying individuals’ attitudes towards investment decisions
Significance of Research
The significance of the research lies in its ability to contribute to the advancement of knowledge
and understanding in various fields. Here are some of the key significance of research:
PURPOSE OF RESEARCH
1. Progress and Good Life
The purpose of all research is progress and good life. Progress results if the space of ignorance
is occupied by knowledge and wisdom. The latter are the results of good research. Knowledge
and wisdom drive the mankind to live an orderly good life.
2. Development of Scientific Attitude
One of the purposes of research is to develop scientific attitude. Scientific attitude is one that
asks ‘Why’ and ‘How’ and answers are found. This ‘Know-why’ and ‘Know-how’ attitude nurtures
talents and such intellectual talents are the great assets of society.
3. Creativity and Innovativeness
One of the purposes of research is encouragement to creativity and innovation. New products,
new processes and new uses are the means through which the world goes dynamic. A dynamic
world is not possible without newness introduced every now and then in every walk of life. And
this is possible only through creativity and innovation. Research kindles the creativity and
innovative instincts of people and thus experiments on the possibility of new things instead of
waiting for the accidental and slow experience path to creativity and innovation.
4. Testing Hypothesis and Establishing Theories
A very important purpose of research is testing of hypothesis and establishing theories. As was
already pointed out knowledge is power. That knowledge comes from testing hypotheses and
establishing new theories. Proven hypotheses become theories.
5. Prediction and Control
Applied research has a great say in prediction and control in almost all walks of human
endeavor Prediction is jumping into the future and the theories constitute the launch pad.
Control looks for deviation between actual happening and predicted happening. In the process,
the theories get reevaluated and redefined.
6. Purposive Development
Development = Growth + Change, Growth is uni-scaled while change is multi-scaled. In the
natural process development does take place through trial and error through casual
observations, through actual exposure and the like. But this is evolutionary and time consuming.
Revolutionary.
7. Problem Solving
The purpose of any research is problem solving. What is a problem? Problem is deprivation or
depreciation of something. Knowledge deprivation, efficiency deprivation, productivity
depreciation, etc., exist. How can these be solved? Research into the forces that cause
deprivation and measures to contain them from causing deprivation is needed. Thus, problem
solving is a great purpose of research.
8. Schematic Evaluation
Research is also carried out to systematically evaluate a process or practice of an organisation
to know its strengths and weaknesses so that areas for improvement process can be identified.
9. Impact Analysis
Research is undertaken to assess the impact of certain measures or change introduced on
relevant variables. Impact studies are useful for biological, social, business, economic and other
areas of decision making.
10. Methodological Improvement
Another purpose of research is improving research methodology itself. Developments in the
field of measurement and scaling are immense. Whether these can be appropriately used in the
case of particular research areas? To answer the question research needs to be done.
Validation, revalidation and devalidation of methodological aspects thus constitute good piece of
research. And this is one of the purposes of research. In fact, any research has a responsibility
towards contribution to methodological enrichment. development takes fourth through
discontinuous change. Research is the seed of such dichotomous
● Research method focuses on the techniques and tools used to gather data, while research
methodology deals with the overall strategy and framework of research.
● Research method involves specific procedures and steps to obtain information, whereas
research methodology guides the researcher in selecting appropriate research methods.
● Research method determines the type of data to be collected and analyzed, while research
methodology provides a systematic approach to conducting research.
● Examples of research methods include surveys, experiments, interviews, and observations,
while research methodology encompasses qualitative, quantitative, and mixed methods.
● Research method describes the process of data collection and analysis, whereas research
methodology relates to the theoretical and philosophical underpinnings of research.
● Research method is more concrete and tangible, focusing on the practical aspects of
research, while research methodology is more abstract and conceptual, focusing on the
theoretical aspects.
● Research method is a subset of research methodology, which encompasses the entire
research process.
● Research method is specific to a particular research project or study, while research
methodology is applicable across different research projects and studies.
● Research method determines the reliability and validity of research findings, whereas
research methodology determines the overall validity and soundness of research.
● Research method is concerned with the tools and techniques employed, while research
methodology focuses on the framework and approach utilized in the research process.
Steps in Research Process
Collecting data;
● Data collection is important in obtaining the knowledge or information required to answer
the research issue. Every research collected data, either from the literature or the people
being studied.
● Data must be collected from the two categories of researchers.
● These sources may provide primary data.
-Experiment
-Questionnaire
-Observation
-Interview
● Secondary data categories are:
-Literature survey
-Official, unofficial reports
-An approach based on library resources
Data Analysis
During research design, the researcher plans data analysis. After collecting data, the researcher
analyzes it. The data is examined based on the approach in this step. The research findings are
reviewed and reported.
Data analysis involves a number of closely related stages, such as setting up categories,
applying these categories to raw data through coding and tabulation, and then drawing
statistical conclusions. The researcher can examine the acquired data using a variety of
statistical methods.
Applied v/s Fundamental: Research can either be applied (or action) research or
fundamental (to basic or pure) research. Applied research aims at finding a solution for an
immediate problem facing a society or an industrial/business organization, whereas
fundamental research is mainly concerned with generalizations and with the formulation of
a theory.
Applied research refers to scientific study and research that seeks to solve practical
problems. Applied research is used to find solutions to everyday problems, cure illness, and
develop innovative technologies, rather than to acquire knowledge for knowledge's sake.
For example, applied researchers may investigate ways to:
• Improve agricultural crop production
• Treat or cure a specific disease
• Improve the energy efficiency of homes, offices, or modes of transportation
HYPOTHESIS
HYPOTHESIS: A hypothesis is an educated guess, based on the probability of an outcome.
Scientists formulate hypotheses after they understand all the current research on their
subject. Hypotheses specify the relationship between at least two variables, and are
testable. For a hypothesis to function properly, other researchers must be able to
reproduce the results that prove or disprove it
1. Null hypothesis:
A null hypothesis states that there is no change in the dependent variable due to
changes to the independent variable. This means that the results are due to chance
and are not significant. A null hypothesis is denoted as H0 and is stated as the
opposite of what the alternative hypothesis states.
2. Alternative hypothesis:
This states that there is a significant difference or relationship between the
variables being studied. It is denoted as H1 or Ha and is usually accepted or
rejected in favor of the null hypothesis.
Example: “The newly identified virus is zoonotic.”
3. Directional hypothesis:
This specifies the direction of the relationship or difference between variables;
therefore, it tends to use terms like increase, decrease, positive, negative, more,
or less.
4. Non-directional hypothesis:
While it does not predict the exact direction or nature of the relationship between
the two variables, a non-directional hypothesis states the existence of a
relationship or difference between variables but not the direction, nature, or
magnitude of the relationship. A non-directional hypothesis may be used when
there is no underlying theory or when findings contradict previous research.
Example, “Cats and dogs differ in the amount of affection they express.”
5. Simple hypothesis:
A simple hypothesis only predicts the relationship between one independent and
another independent variable.
6. Complex hypothesis:
A complex hypothesis states the relationship or difference between two or more
independent and dependent variables.
Example: “Applying sunscreen every day slows skin aging, reduces sun burn, and
reduces the chances of skin cancer.” (Here, the three dependent variables are
slowing skin aging, reducing sun burn, and reducing the chances of skin cancer.)
7. Associative hypothesis:
An associative hypothesis states that a change in one variable results in the change
of the other variable. The associative hypothesis defines interdependency between
variables.
8. Causal hypothesis:
A causal hypothesis proposes a cause-and-effect interaction between variables.
Note that some of the types of research hypothesis mentioned above might
overlap. The types of hypothesis chosen will depend on the research question and
the objective of the study.
A research question defines the problem and helps outline the study objective(s).
It is an open-ended statement that is exploratory or probing in nature. Therefore,
it does not make predictions or assumptions. It helps a researcher identify what
information to collect. A research hypothesis, however, is a specific, testable
prediction about the relationship between variables. Accordingly, it guides the
study design and data analysis approach.
MEASUREMENT SCALES
In Statistics, the variables or numbers are defined and categorised using different scales
of measurements. Each level of measurement scale has specific properties that determine
the various use of statistical analysis. In this article, we will learn four types of scales
such as nominal, ordinal, interval and ratio scale.
A scale is a device or an object used to measure or quantify any event or another object.
Levels of Measurements
There are four different scales of measurement. The data can be defined as being one of
the four scales. The four types of scales are:
● Nominal Scale
● Ordinal Scale
● Interval Scale
● Ratio Scale
Nominal Scale
A nominal scale is the 1st level of measurement scale in which the numbers serve as “tags”
or “labels” to classify or identify the objects. A nominal scale usually deals with the
non-numeric variables or the numbers that do not have any value.
M- Male
F- Female
Here, the variables are used as tags, and the answer to this question should be either M or
F.
Ordinal Scale
The ordinal scale is the 2nd level of measurement that reports the ordering and ranking of
data without establishing the degree of variation between them. Ordinal represents the
“order.” Ordinal data is known as qualitative data or categorical data. It can be grouped,
named and also ranked.
Interval Scale
The interval scale is the 3rd level of measurement scale. It is defined as a quantitative
measurement scale in which the difference between the two variables is meaningful. In
other words, the variables are measured in an exact manner, not as in a relative way in
which the presence of zero is arbitrary.
Likert Scale
Net Promoter Score (NPS)
Bipolar Matrix Table
Ratio Scale
The ratio scale is the 4th level of measurement scale, which is quantitative. It is a type of
variable measurement scale. It allows researchers to compare the differences or intervals.
The ratio scale has a unique feature. It possesses the character of the origin or zero
points.
Hypothesis Testing
Hypothesis testing is a tool for making statistical inferences about the population data. It
is an analysis tool that tests assumptions and determines how likely something is within a
given standard of accuracy. Hypothesis testing provides a way to verify whether the
results of an experiment are valid.
Hypothesis testing uses sample data from the population to draw useful conclusions
regarding the population probability distribution. It tests an assumption made about the
data using different types of hypothesis testing methodologies. The hypothesis testing
results in either rejecting or not rejecting the null hypothesis.
Hypothesis testing can be defined as a statistical tool that is used to identify if the
results of an experiment are meaningful or not. It involves setting up a null hypothesis and
an alternative hypothesis. These two hypotheses will always be mutually exclusive
TYPES OF ERRORS
Type 1 error definition
● Type 1 error, in statistical hypothesis testing, is the error caused by rejecting a null
hypothesis when it is true.
● Type 1 error is caused when the hypothesis that should have been accepted is rejected.
● Type I error is denoted by α (alpha), known as an error, also called the level of
significance of the test.
● This type of error is a false positive error where the null hypothesis is rejected based on
some error during the testing.
● The null hypothesis is set to state that there is no relationship between two variables and
the cause-effect relationship between two variables, if present, is caused by chance.
● Type 1 error occurs when the null hypothesis is rejected even when there is no
relationship between the variables.
● As a result of this error, the researcher might believe that the hypothesis works even
when it doesn’t.
Data collection is a process of gathering information from all the relevant sources to find
a solution to the research problem. It helps to evaluate the outcome of the problem. The
data collection methods allow a person to conclude an answer to the relevant question.
Most of the organizations use data collection methods to make assumptions about future
probabilities and trends. Once the data is collected, it is necessary to undergo the data
organization process
Data collection is the process of gathering data for use in business decision-making,
strategic planning, research and other purposes. It's a crucial part of data analytics
applications and research projects: Effective data collection provides the information
that's needed to answer questions, analyze business performance or other outcomes, and
predict future trends, actions and scenarios.
Importance of Data Collection
● The trustworthiness of The Research – A critical purpose behind data collection
via quantitative or qualitative techniques is to guarantee that the research
question’s honesty is kept up without a doubt.
● Diminish the probability of blunders or errors – The right utilization of suitable
data collection strategies decreases the probability of blunders during different
research processes.
● Effective and accurate decision making – To limit the danger of blunders or errors
in decision making, it is significant that precise data is gathered, so the specialists
do not settle on clueless choices.
● Save Cost and Time – Data collection plays a significant role in saving time and
money that can otherwise be squandered without more profound comprehension of
the point or topic.
● Empowers a new idea or change – To demonstrate the requirement for an
adjustment or new change, it is critical to collect data and information as proof to
help these cases.
● Access to Data: Obtaining access to relevant and sufficient data can be difficult,
especially when dealing with proprietary or sensitive information.
● Data Quality: Ensuring the accuracy, completeness, and consistency of data is
crucial, but researchers often encounter issues such as errors, missing values, and
inconsistencies.
● Data Bias: Biases in the data collection process or the dataset itself can skew
research results, leading to inaccurate conclusions.
● Sample Selection: Selecting an appropriate sample that is representative of the
population of interest can be challenging, especially in large or diverse populations.
● Data Collection Methods: Choosing the right data collection methods, such as
surveys, interviews, observations, or experiments, and implementing them
effectively can be complex and resource-intensive.
● Response Rate: Low response rates in surveys or interviews can introduce bias and
affect the generalizability of the findings.
● Ethical Considerations: Researchers must adhere to ethical principles and
guidelines when collecting data, including obtaining informed consent, protecting
participants' privacy, and minimizing harm.
● Time and Resource Constraints: Limited time, budget, and resources can constrain
researchers' ability to collect data comprehensively or to use more sophisticated
data collection methods.
● Data Security: Ensuring the security and confidentiality of data, especially when
dealing with sensitive information, is critical to prevent unauthorized access or
breaches.
● Data Sharing and Collaboration: Encouraging data sharing and collaboration among
researchers can be challenging due to concerns about intellectual property,
competition, or confidentiality.
● Data is a set of values of subjects with respect to qualitative or quantitative
variables.
● Data is raw, unorganized facts that need to be processed. Data can be
something simple and seemingly random and useless until it is organized.
● When data is processed, organized, structured or presented in a given
context so as to make it useful, it is called information.
● Information, necessary for research activities are achieved in different
forms
TYPES OF DATA
1. Quantitative data
Quantitative data seems to be the easiest to explain. It answers key questions such as
“how many, “how much” and “how often”.
Quantitative data can be expressed as a number or can be quantified. Simply put, it can be
measured by numerical variables.
Quantitative data are easily amenable to statistical manipulation and can be represented
by a wide variety of statistical types of graphs and charts such as line, bar graph, scatter
plot, and etc.
2. Qualitative data
Qualitative data can’t be expressed as a number and can’t be measured. Qualitative data
consist of words, pictures, and symbols, not numbers.
Qualitative data is also called categorical data because the information can be sorted by
category, not by number.
Qualitative data can answer questions such as “how this has happened” or and “why this has
happened”.
Nominal data is used just for labeling variables, without any type of quantitative value. The
name ‘nominal’ comes from the Latin word “nomen” which means ‘name’.
The nominal data just name a thing without applying it to order. Actually, the nominal data
could just be called “labels.”
4. Ordinal data
Ordinal data shows where a number is in order. This is the crucial difference from nominal
types of data.
Ordinal data is data which is placed into some kind of order by their position on a scale.
Ordinal data may indicate superiority.
However, you cannot do arithmetic with ordinal numbers because they only show sequence.
Ordinal variables are considered as “in between” qualitative and quantitative variables.
In other words, the ordinal data is qualitative data for which the values are ordered.
In comparison with nominal data, the second one is qualitative data for which the values
cannot be placed in an ordered.
We can also assign numbers to ordinal data to show their relative position. But we cannot
do math with those numbers. For example: “first, second, third…etc.”
5. Discrete data
Discrete data is a count that involves only integers. The discrete values cannot be
subdivided into parts.
For example, the number of children in a class is discrete data. You can count whole
individuals. You can’t count 1.5 kids.
To put in other words, discrete data can take only certain values. The data variables
cannot be divided into smaller parts.
It has a limited number of possible values e.g. days of the month.
Examples of discrete data:
Continuous data is information that could be meaningfully divided into finer levels. It can
be measured on a scale or continuum and can have almost any numeric value.
For example, you can measure your height at very precise scales — meters, centimeters,
millimeters and etc.
A good great rule for defining if a data is continuous or discrete is that if the point of
measurement can be reduced in half and still make sense, the data is continuous.
Primary Data
Primary data is information obtained directly from a data source without the need to
consult additional sources. It’s usually gathered for a specific study topic, but it may also
be published openly and utilized in other studies.
Pros
The researcher has complete control over the information gathered during primary
research. He has complete control over the design, method, and data analysis techniques
to be employed, and the data is free of personal bias, allowing the legitimacy of the data
to be believed.
Disadvantages:
More expensive
It could be very expensive to obtain primary data collection methods because the
marketer or the research team has to start from the beginning. It means they have to
follow the whole study procedure, organizing materials, process and etc.
Time-consuming
It is a matter of a lot of time to conduct the research from the beginning to the end.
Often it is much longer in comparison with the time needed to collect secondary data.
Can have a lot of limits
Primary data is limited to the specific time, place or number of participants and etc. To
compare, secondary data can come from a variety of sources to give more details.
Not always possible
For example, many researches can be just too large to be performed by your company.
Most popular examples of primary data sources are:
Secondary Data
Secondary data are data that has previously been collected by someone else but has been
made available for use for others. They were probably previously main data, but when they
are reused by a third party, they become secondary.
When writing a research thesis, for example, researchers must reference previous works
on the topic and incorporate their results into the literature review. Other secondary
material, including definitions and theorems, are added to the thesis so that it may be
correctly referred to and mentioned.
Secondary data sources include trade periodicals, journals, government statistics and
other secondary data sources.
Pros
● Secondary data is more easily available than primary data, and it is also less
expensive.
● Secondary data collection takes a fraction of the time that primary data collection
takes, and it aids in the generation of new insights from existing primary data.
Advantages of Secondary Data:
Ease of Access
The secondary data sources are very easy to access. The internet world changed how
secondary research exists. Nowadays, you have so much information available just by
clicking with the mouse in front of the computer.
Low Cost or Free
The majority of secondary sources are absolutely free for use or at very low costs. It
saves not only your money but your efforts. In comparison with primary research where
you have to design and conduct a whole primary study process from the beginning,
secondary research allows you to gather data without having to put any money on the table.
Time-saving
As the above advantage suggests, you can perform secondary research in no time.
Sometimes it is a matter of a few Google searches to find a credible source of
information.
Generating new insights and understandings from previous analysis
Reanalyzing old data can bring unexpected new understandings and points of view or even
new relevant conclusions.
Larger sample size
Big datasets often use a larger sample than those that can be gathered by primary data
collection. Larger samples mean that the final inference becomes much more
straightforward.
Longitudinal analysis
Secondary data allows you to perform a longitudinal analysis which means the studies are
performed spanning over a large period of time. This can help you to determine different
trends. In addition, you can find secondary data from many years back up to a couple of
hours ago. It allows you to compare data over time.
Anyone can collect the data
Secondary data research can be performed by people that aren’t familiar with the
different types of quantitative and qualitative research methods. Practically, anyone can
collect secondary data.
Disadvantages:
Cons
● Secondary data may not be accurate or trustworthy.
● It’s possible that researchers may have to deal with irrelevant data before
obtaining the data they need.
● Some of the data is inflated owing to the data source’s personal bias.
● Secondary data sources might be out of current at times.
Most common examples of secondary data sources are:
● Previous research
● Mass media products
● Government reports
● Official statistics
● Letters
● Diaries
● Web information
● Google Analytics or other sources that show statistics and data for digital
customer experience.
● Historical data
● Encyclopedias
● Monographs
● Journal articles
● Biography
● Research analysis
● Dissertations
● Works of criticism and interpretation
● Financial sources such as profit and loss statements balance sheets, inventory
records, sales records and etc
PILOT STUDY
A pilot study, also known as a feasibility study, is a small-scale preliminary study conducted
before the main research to check the feasibility or improve the research design.
Pilot studies can be very important before conducting a full-scale research project, helping
design the research methods and protocol.
Advantages
By identifying and addressing issues in the pilot study, researchers can reduce errors and
risks in the main study. This increases the reliability and validity of the main study’s
results.
questionnaire
Types of Questionnaire
There are roughly two types of questionnaires, structured and unstructured. A mixture of
these both is the quasi-structured questionnaire that is used mostly in social science
research.
Restricted questions, also called closed-ended, are the ones that ask the respondent to
make choices — yes or no, check items on a list, or select from multiple choice answers.
Restricted questions are easy to tabulate and compile.
Unrestricted questions are open-ended and allow respondents to share feelings and
opinions that are important to them about the matter at hand.
Unrestricted questions are not easy to tabulate and compile, but they allow respondents to
reveal the depth of their emotions.
If the objective is to compile data from all respondents, then sticking with restricted
questions that are easily quantified is better.
If degrees of emotions or depth of sentiment are to be studied, then develop a scale to
quantify those feelings.
UNIT 4
Test of Significance
Test of significance is a statistical tool that helps researchers determine if the
difference in the results of two groups is statistically significant or just due to chance.
The test involves comparing the observed data with the expected data, assuming the null
hypothesis is true. If the observed data significantly differs from the expected data, the
null hypothesis is rejected, and it is concluded that the results are significant.
It is a statistical method used to determine if the results of a study are significant
or not.
The p-value is the probability of observing a test statistic as extreme or more extreme
than the one observed, assuming the null hypothesis is true. If the p-value is less than
the level of significance, the null hypothesis is rejected, and it is concluded that the
results are significant.
1) Population
Population refers to all individuals or subjects of interest that you want to study.
Typically, in statistics, you can never fully collect information on population because-
2) Parameter
To answer any question, you will need arithmetic to quantify the population. Such critical
quantification methods can be – mean, standard deviation, median, minimum, maximum,
inter-quartile range, etc. These significant values that describe the population are known
as ‘parameters’.
3) Sample
As mentioned earlier, it becomes difficult to have complete data of the population in
question due to various issues. However, to answer many questions, you need to understand
the population
4) Distribution
Distribution (commonly called data distribution) is a function that states all the possible
values of a dataset along the frequency (count) of all values (or intervals as the values can
be binned in groups).
The distribution is often represented using graphs like a histogram and a line chart.
Different distributions have peculiar shapes and specific properties that help calculate
probabilities.
CHI- SQUARE TEST
A chi-squared test (symbolically represented as χ2) is basically a data analysis on the basis
of observations of a random set of variables. Usually, it is a comparison of two statistical
data sets.
- The chi-square test is used to estimate how likely the observations that are made
would be, by considering the assumption of the null hypothesis as true.
- Chi-squared tests are usually created from a sum of squared falsities or errors
over the sample variance.
Purpose: The chi-square test is a statistical test used to determine whether there is a
significant association between two categorical variables.
Variables: It is applicable when both variables being studied are categorical in nature.
These variables are often nominal or ordinal, but not interval or ratio.
Independence Assumption: The chi-square test assumes that the observations are
independent of each other. This means that the occurrence of one event does not affect
the occurrence of another.
Expected Frequency: The test calculates expected frequencies for each cell in a
contingency table under the assumption of independence. These expected frequencies are
then compared to the observed frequencies.
Test Statistic: The chi-square test statistic is calculated by comparing the observed
frequencies to the expected frequencies. It measures the difference between the
observed and expected frequencies and evaluates whether this difference is statistically
significant.
Degrees of Freedom: The degrees of freedom for a chi-square test is calculated based on
the number of categories in each variable. It is used to determine the critical value from
the chi-square distribution.
Null Hypothesis: The null hypothesis in a chi-square test states that there is no significant
association between the two variables. The alternative hypothesis suggests that there is a
significant association.
Significance Level: Similar to other hypothesis tests, the chi-square test uses a
significance level (often denoted as α) to determine whether to reject the null hypothesis.
Common significance levels include 0.05 or 0.01.
Interpretation: If the calculated chi-square statistic is greater than the critical value
from the chi-square distribution for a given significance level, the null hypothesis is
rejected, indicating a significant association between the variables.
Post-hoc Tests: In some cases, if the chi-square test indicates a significant association,
further analysis may be conducted using post-hoc tests to identify which categories of the
variables are associated.
Limitations: Chi-square test has certain limitations including assumptions about sample
size, as it may not be appropriate for small sample sizes, and it's sensitive to cell
frequencies, particularly when cells have expected frequencies below 5.
Applications: The chi-square test is commonly used in various fields including market
research, sociology, biology, and healthcare to analyze categorical data and determine
relationships between variables.
T-Test
The t-test is a statistical method used to determine if there is a significant difference
between the means of two groups. It is widely used in research, particularly in fields such
as psychology, medicine, and business, where comparing means of different groups is
common.
● The t-test is used to determine if there is a significant difference between the
means of two groups.
● The t-test is used for hypothesis testing to determine whether a process has an
effect on both samples or if the groups are different from each other.
● Basically, the t-test allows the comparison of the mean of two sets of data and the
determination if the two sets are derived from the same population
Parametric Test: The t-test is a parametric statistical test, meaning it makes certain
assumptions about the population parameters (e.g., normality, homogeneity of variance). It
assumes that the data being analyzed are drawn from a normally distributed population.
Two Groups Comparison: The t-test is specifically designed to compare the means of two
groups. It determines whether there is a statistically significant difference between the
means of the two groups.
Numerical Data: The t-test is used when dealing with numerical (quantitative) data. It
compares the means of continuous variables between groups.
Sample Size: While the t-test can be used with any sample size, it tends to provide more
reliable results with larger sample sizes, especially concerning the assumption of normality.
Degrees of Freedom: The degrees of freedom in a t-test depend on the sample sizes of
the two groups being compared. It affects the shape of the t-distribution and determines
the critical values for hypothesis testing.
Types of T-tests: There are several types of t-tests, including the independent samples
t-test, paired samples t-test, and one-sample t-test, each used in different scenarios
based on the study design and the nature of the data.
Hypothesis Testing: The t-test is used for hypothesis testing, where a null hypothesis
(typically stating no difference between group means) is tested against an alternative
hypothesis (stating a significant difference between group means).
Statistical Power: The t-test's ability to detect a true difference between groups (if one
exists) is influenced by factors such as sample size, effect size, and alpha level. Adequate
statistical power is necessary to minimize the risk of Type II errors (failing to detect a
true effect).
The F-test, also known as Fisher's F-test, is a statistical test used to compare the
variances of two or more groups. It's commonly associated with analysis of variance
(ANOVA), a technique used to determine if there are statistically significant differences
between the means of three or more groups.
Assumptions of F-test:
Normality: Like many parametric tests, the F-test assumes that the data are normally
distributed within each group. This assumption is important for accurate inference,
especially when dealing with smaller sample sizes.
Homogeneity of Variances: The F-test assumes that the variances of the populations being
compared are equal. This is known as the assumption of homoscedasticity. Violation of this
assumption can lead to inaccurate results. There are robust versions of the F-test that
can be used when homogeneity of variances is violated, such as Welch's ANOVA.
Independence: The observations within each group must be independent of each other.
This means that the data points in one group are not influenced by the data points in
another group.
Application of F-test:
Analysis of Variance (ANOVA): The primary application of the F-test is in ANOVA, which
is used to test for differences in means among three or more groups. ANOVA determines
whether there are any statistically significant differences between the means of the
groups by comparing the variability between groups to the variability within groups.
Comparing Variances: In addition to ANOVA, the F-test can be used to compare the
variances of two or more populations directly. This can be useful in quality control, where
it may be necessary to ensure that the variability in different production processes or
products is within acceptable limits.
Regression Analysis: In regression analysis, the F-test is used to assess the overall
significance of the regression model. It evaluates whether the model as a whole explains a
significant proportion of the variance in the dependent variable.
Experimental Design: The F-test is widely used in experimental design to analyze the
results of designed experiments with multiple factors and levels. It helps to determine
whether the factors and interactions have significant effects on the response variable.
Hypothesis Testing: Similar to other statistical tests, the F-test is used for hypothesis
testing. It involves formulating null and alternative hypotheses and determining whether
the observed data provide enough evidence to reject the null hypothesis in favor of the
alternative hypothesis.
Z-test:
Assumptions of Z-test:
Normality of Population: The Z-test assumes that the population from which the sample is
drawn follows a normal distribution. This assumption is necessary because the Z-test relies
on the properties of the normal distribution for accurate inference. If the population is
not normally distributed, the validity of the results may be compromised.
Random Sampling: The sample must be selected randomly from the population of interest.
Random sampling ensures that the sample is representative of the population and that the
results can be generalized back to the population.
Known Population Standard Deviation: The Z-test requires knowledge of the population
standard deviation (σ). This assumption is often feasible in situations where the population
standard deviation is known or can be reasonably estimated.
Sample Size: While the Z-test can technically be applied to any sample size, it is most
reliable when the sample size is large (typically n > 30). With smaller sample sizes, other
tests such as the t-test may be more appropriate.
Data Type: The Z-test is used when dealing with numerical (quantitative) data. It compares
the sample mean to a known population mean to determine if there is a significant
difference between them.
The Z-test is commonly used in quality control, market research, and various scientific
studies when comparing sample means to population means.
It is often used in situations where the sample size is large, making the Central Limit
Theorem applicable, and the population standard deviation is known or can be reasonably
estimated.
If the population standard deviation is unknown and the sample size is small, the t-test is
typically used instead of the Z-test.
—----------------------------------------------------------------------------------------------------
UNIT 5
Data Interpretation
Definition:
Data interpretation refers to the process of making sense of data by analysing and
drawing conclusions from it. It involves examining data in order to identify patterns,
relationships, and trends that can help explain the underlying phenomena being studied.
Data interpretation can be used to make informed decisions and solve problems across a
wide range of fields, including business, science, and social sciences.
Data Interpretation Methods/ techniques
There are various methods for data interpretation that can be used to analyse and make
sense of data. Here are some of the most common methods:
Statistical Analysis
This method involves using statistical techniques to analyse the data. Statistical analysis
can involve descriptive statistics (such as measures of central tendency and dispersion),
inferential statistics (such as hypothesis testing and confidence interval estimation), and
predictive modelling (such as regression analysis and time-series analysis).
Data Visualization
This method involves using visual representations of the data to identify patterns and
trends. Data visualization can involve creating charts, graphs, and other visualizations, such
as heat maps or scatterplots.
Text Analysis
This method involves analysing text data, such as survey responses or social media posts,
to identify patterns and themes. Text analysis can involve techniques such as sentiment
analysis, topic modelling, and natural language processing.
Machine Learning
This method involves using algorithms to identify patterns in the data and make
predictions or classifications. Machine learning can involve techniques such as decision
trees, neural networks, and random forests.
Qualitative Analysis
This method involves analysing non-numeric data, such as interviews or focus group
discussions, to identify themes and patterns. Qualitative analysis can involve techniques
such as content analysis, grounded theory, and narrative analysis.
Geospatial Analysis
This method involves analysing spatial data, such as maps or GPS coordinates, to identify
patterns and relationships. Geospatial analysis can involve techniques such as spatial
autocorrelation, hot spot analysis, and clustering.
Types of Data Interpretation
There are various types of data interpretation techniques used for analysing and making
sense of data. Here are some of the most common types:
Descriptive Interpretation
This type of interpretation involves summarizing and describing the key features of the
data. This can involve calculating measures of central tendency (such as mean, median, and
mode), measures of dispersion (such as range, variance, and standard deviation), and
creating visualizations such as histograms, box plots, and scatterplots.
Inferential Interpretation
This type of interpretation involves making inferences about a larger population based on a
sample of the data. This can involve hypothesis testing, where you test a hypothesis about
a population parameter using sample data, or confidence interval estimation, where you
estimate a range of values for a population parameter based on sample data.
Predictive Interpretation
This type of interpretation involves using data to make predictions about future outcomes.
This can involve building predictive models using statistical techniques such as regression
analysis, time-series analysis, or machine learning algorithms.
Exploratory Interpretation
This type of interpretation involves exploring the data to identify patterns and
relationships that were not previously known. This can involve data mining techniques such
as clustering analysis, principal component analysis, or association rule mining.
Causal Interpretation
This type of interpretation involves identifying causal relationships between variables in
the data. This can involve experimental designs, such as randomized controlled trials, or
observational studies, such as regression analysis or propensity score matching.
Research Report
Definition:
Research Report is a written document that presents the results of a research project or
study, including the research question, methodology, results, and conclusions, in a clear and
objective manner.
The purpose of a research report is to communicate the findings of the research to the
intended audience, which could be other researchers, stakeholders, or the general public.
Importance of Report Writing
Report Writing is a skill that can benefit you in various ways and contexts. Here is the list
of reasons reflecting the Importance of Report Writing:
Development of skills
Report Writing can help you develop your skills in various domains and disciplines. For
example, if you are a student, you can write a Report to improve your writing, research,
analysis, or presentation skills. If you are a teacher, you can write a Report to enhance
your teaching, assessment, feedback, or curriculum design skills.
If you are a researcher, you can write a Report to advance your knowledge, methodology,
innovation, or contribution skills. Report Writing can help you acquire new knowledge, apply
existing knowledge, or create new knowledge in your field of interest.
Investigation
The Importance of Report Writing also lies in investigating a problem or a topic in-depth
and in detail. For example, if you are a student, you can write a Report to explore a
question or an issue that interests you or relates to your course or project.
At the same time, if you are a teacher, you can write a Report to investigate a pedagogical
or educational problem or phenomenon that affects your teaching or learning environment.
On the other hand, if you are a researcher, you can write a Report to investigate a
scientific or social problem or phenomenon that has significance or relevance for your
discipline or society. Report Writing can help you collect, analyse, and present data in an
organised and systematic way.
Quick location
Report Writing can help you locate information quickly and easily. For example, students
can write a Report to summarise the main points and findings of your course or project for
future reference or revision. If you are a teacher, you can write a Report to document the
key aspects and outcomes of your course or assignment for future use or evaluation.
At the same time, researchers can write a Report to record the essential details and
implications of a study or experiment for future dissemination or publication. Report
Writing can help you create an index, an abstract, or an executive summary that can help
you access information at a glance.
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Decision making tool
Report Writing acts as a decision-making tool that can assist you in making decisions based
on facts and evidence. For example, if you are a student, you can write a Report to support
your arguments or opinions with data and sources in an essay or a debate. If you are a
teacher, you can write a Report to justify your decisions or recommendations with data
and sources in an assessment or feedback.
If you are a researcher, you can write a Report to validate your claims or hypotheses with
data and sources in a study or an experiment. Thus, Report Writing can help you use logic,
reasoning, and analysis to make informed and rational decisions.
Neutral presentation of facts
Report Writing can help you present facts in a neutral and objective manner. For example,
if you are a student, you can write a Report to avoid bias or emotion in your writing and use
facts and evidence to support your points. If you are a teacher, you can write a Report to
avoid bias or emotion in your assessment and use facts and evidence to evaluate your
students.
Researchers can write a Report to avoid bias or emotion in their research and use facts
and evidence to demonstrate their findings. Report Writing can help you maintain a
professional and ethical tone in your communication.
A managerial tool
Report Writing can help you manage your work or project effectively and efficiently. For
example, if you are a student, you can write a Report to plan, organise, and monitor your
progress or outcomes in a course or a project. If you are a teacher, you can write a Report
to plan, organise, and monitor your activities or objectives in a course or an assignment.
If you are a researcher, you can write a Report to plan, organise, and monitor your
methods or results in a study or an experiment. As a result, Report Writing can help you
set goals, allocate resources, and measure performance.
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Proper control
Report Writing helps you control your work or project effectively and efficiently. For
example, if you are a student, you can write a Report to check, review, and revise your
work or project before submission or presentation. If you are a teacher, you can write a
Report to check, review, and revise your work or project before delivery or evaluation.
If you are a researcher, you can write a Report to check, review, and revise your work or
project before dissemination or publication. Thus, Report Writing can help you ensure
quality, accuracy, and consistency in your work or project.
Professional advancement
The importance of Report Writing lies in advancing and developing your professional
career. For example, if you are a student, you can write a Report to demonstrate your
competence, knowledge, and skills in a course or a project. In contrast, if you are a
teacher, you can write a Report to demonstrate your competence, knowledge, and skills in a
course or an assignment.
If you are a researcher, you can write a Report to demonstrate your competence,
knowledge, and skills in a study or an experiment. Report Writing can help you showcase
your achievements, contributions, or innovations in your field of interest.
Encountering advance and complex situation
Report Writing can help you encounter advanced and complex situations in your work or
project. For example, if you are a student, you can write a Report to deal with challenging
questions or issues that arise in your course or project. If you are a teacher, you can write
a Report to deal with challenging questions or issues that arise in your course or
assignment.
If you are a researcher, you can write a Report to deal with challenging questions or issues
that arise in your study or experiment. Report Writing can help you solve problems,
overcome obstacles, or discover new possibilities in your work or project.
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How to write Research Report
Here are some steps you can follow to write a research report:
• Identify the research question: The first step in writing a research report is to
identify your research question. This will help you focus your research and organize your
findings.
• Conduct research: Once you have identified your research question, you will need to
conduct research to gather relevant data and information. This can involve conducting
experiments, reviewing literature, or analyzing data.
• Organize your findings: Once you have gathered all of your data, you will need to
organize your findings in a way that is clear and understandable. This can involve creating
tables, graphs, or charts to illustrate your results.
• Write the report: Once you have organized your findings, you can begin writing the
report. Start with an introduction that provides background information and explains the
purpose of your research. Next, provide a detailed description of your research methods
and findings. Finally, summarize your results and draw conclusions based on your findings.
• Proofread and edit: After you have written your report, be sure to proofread and
edit it carefully. Check for grammar and spelling errors, and make sure that your report is
well-organized and easy to read.
• Include a reference list: Be sure to include a list of references that you used in
your research. This will give credit to your sources and allow readers to further explore
the topic if they choose.
• Format your report: Finally, format your report according to the guidelines
provided by your instructor or organization. This may include formatting requirements for
headings, margins, fonts, and spacing.
Layout of the Research Report
There is scientific method for the layout of research report. The layout of research
report means as to what the research report should contain. The contents of the research
report are noted below:
1. Preliminary Page
2. Main Text
3. End Matter
(1) Preliminary Pages:
These must be title of the research topic and data. There must be preface of foreword to
the research work. It should be followed by table of contents. The list of tables, maps
should be given.
(2) Main Text:
It provides the complete outline of research report along with all details. The title page is
reported in the main text. Details of text are given continuously as divided in different
chapters.
• (a) Introduction
• (b) Statement of the problem
• (c) The analysis of data
• (d) The implications drawn from the results
• (e) The summary
(a) Introduction:
Its purpose is to introduce the research topic to readers. It must cover statement of the
research problem, hypotheses, objectives of study, review of literature, and the
methodology to cover primary and secondary data, limitations of study and chapter
scheme. Some may give in brief in the first chapter the introduction of the research
project highlighting the importance of study. This is followed by research methodology in
separate chapter.
The methodology should point out the method of study, the research design and method of
data collection.
(b) Statement of the problem:
This is crux of his research. It highlights main theme of his study. It must be in
nontechnical language. It should be in simple manner so ordinary reader may follow it. The
social research must be made available to common man. The research in agricultural
problems must be easy for farmers to read it.
(c) Analysis of data:
Data so collected should be presented in systematic manner and with its help, conclusions
can be drawn. This helps to test the hypothesis. Data analysis must be made to confirm
the objectives of the study.
(d) Implications of Data:
The results based on the analysis of data must be valid. This is the main body of research.
It contains statistical summaries and analysis of data. There should be logical sequence in
the analysis of data. The primary data may lead to establish the results. He must have
separate chapter on conclusions and recommendations. The conclusions must be based on
data analysis. The conclusions must be such which may lead to generalization and its
applicability in similar circumstances. The conditions of research work limiting its scope
for generalization must be made clear by the researcher.
(e) Summary:
This is conclusive part of study. It makes the reader to understand by reading summary
the knowledge of the research work. This is also a synopsis of study.
(3) End Matter:
It covers relevant appendices covering general information, the concepts and bibliography.
The index may also be added to the report.
Types of Research Report
Types of Research Report are as follows:
Thesis
Thesis is a type of research report. A thesis is a long-form research document that
presents the findings and conclusions of an original research study conducted by a student
as part of a graduate or postgraduate program. It is typically written by a student
pursuing a higher degree, such as a Master’s or Doctoral degree, although it can also be
written by researchers or scholars in other fields.
Research Paper
Research paper is a type of research report. A research paper is a document that presents
the results of a research study or investigation. Research papers can be written in a
variety of fields, including science, social science, humanities, and business. They typically
follow a standard format that includes an introduction, literature review, methodology,
results, discussion, and conclusion sections.
Technical Report
A technical report is a detailed report that provides information about a specific technical
or scientific problem or project. Technical reports are often used in engineering, science,
and other technical fields to document research and development work.
Progress Report
A progress report provides an update on the progress of a research project or program
over a specific period of time. Progress reports are typically used to communicate the
status of a project to stakeholders, funders, or project managers.
Feasibility Report
A feasibility report assesses the feasibility of a proposed project or plan, providing an
analysis of the potential risks, benefits, and costs associated with the project. Feasibility
reports are often used in business, engineering, and other fields to determine the viability
of a project before it is undertaken.
Field Report
A field report documents observations and findings from fieldwork, which is research
conducted in the natural environment or setting. Field reports are often used in
anthropology, ecology, and other social and natural sciences.
Experimental Report
An experimental report documents the results of a scientific experiment, including the
hypothesis, methods, results, and conclusions. Experimental reports are often used in
biology, chemistry, and other sciences to communicate the results of laboratory
experiments.
Case Study Report
A case study report provides an in-depth analysis of a specific case or situation, often
used in psychology, social work, and other fields to document and understand complex
cases or phenomena.
Literature Review Report
A literature review report synthesizes and summarizes existing research on a specific
topic, providing an overview of the current state of knowledge on the subject. Literature
review reports are often used in social sciences, education, and other fields to identify
gaps in the literature and guide future research.
Contents of Research Report
The researcher must keep in mind that his research report must contain following aspects:
1. Purpose of study
2. Significance of his study or statement of the problem
3. Review of literature
4. Methodology
5. Interpretation of data
6. Conclusions and suggestions
7. Bibliography
8. Appendices
(1) Purpose of study:
Research is one direction oriented study. He should discuss the problem of his study. He
must give background of the problem. He must lay down his hypothesis of the study.
Hypothesis is the statement indicating the nature of the problem. He should be able to
collect data, analyse it and prove the hypothesis. The importance of the problem for the
advancement of knowledge or removed of some evil may also be explained. He must use
review of literature or the data from secondary source for explaining the statement of
the problems.
(2) Significance of study:
Research is re-search and hence the researcher may highlight the earlier research in new
manner or establish new theory. He must refer earlier research work and distinguish his
own research from earlier work. He must explain how his research is different and how his
research topic is different and how his research topic is important. In a statement of his
problem, he must be able to explain in brief the historical account of the topic and way in
which he can make and attempt. In his study to conduct the research on his topic.
(3) Review of Literature:
Research is a continuous process. He cannot avoid earlier research work. He must start
with earlier work. He should note down all such research work, published in books, journals
or unpublished thesis. He will get guidelines for his research from taking a review of
literature. He should collect information in respect of earlier research work. He should
enlist them in the given below:
1. Author/researcher
2. Title of research /Name of book
3. Publisher
4. Year of publication
5. Objectives of his study
6. Conclusion/suggestions
Then he can compare this information with his study to show separate identity of his
study. He must be honest to point out similarities and differences of his study from
earlier research work.
(4) Methodology:
It is related to collection of data. There are two sources for collecting data; primary and
secondary. Primary data is original and collected in field work, either through questionnaire
interviews. The secondary data relied on library work. Such primary data are collected by
sampling method. The procedure for selecting the sample must be mentioned. The
methodology must give various aspects of the problem that are studied for valid
generalization about the phenomena. The scales of measurement must be explained along
with different concepts used in the study.
While conducting a research based on field work, the procedural things like definition of
universe, preparation of source list must be given. We use case study method, historical
research etc. He must make it clear as to which method is used in his research work. When
questionnaire is prepared, a copy of it must be given in appendix.
(5) Interpretation of data:
Mainly the data collected from primary source need to be interpreted in systematic
manner. The tabulation must be completed to draw conclusions. All the questions are not
useful for report writing. One has to select them or club them according to hypothesis or
objectives of study.
(6) Conclusions/suggestions:
Data analysis forms the crux of the research problem. The information collected in field
work is useful to draw conclusions of study. In relation with the objectives of study the
analysis of data may lead the researcher to pin point his suggestions. This is the most
important part of study. The conclusions must be based on logical and statistical reasoning.
The report should contain not only the generalization of inference but also the basis on
which the inferences are drawn. All sorts of proofs, numerical and logical, must be given in
support of any theory that has been advanced. He should point out the limitations of his
study.
(7) Bibliography:
The list of references must be arranged in alphabetical order and be presented in
appendix. The books should be given in first section and articles are in second section and
research projects in the third. The pattern of bibliography is considered convenient and
satisfactory from the point of view of reader.
(8) Appendices:
The general information in tabular form which is not directly used in the analysis of data
but which is useful to understand the background of study can be given in appendix.
Oral presentation:
An Oral Research Presentation is meant to showcase your research findings. A successful
oral research presentation should: communicate the importance of your research; clearly
state your findings and the analysis of those findings; prompt discussion between
researcher and audience.
Executive summary:
An executive summary is a thorough overview of a research report or other type of
document that synthesizes key points for its readers, saving them time and preparing
them to understand the study's overall content. It is a separate, stand-alone document of
sufficient detail and clarity to ensure that the reader can completely understand the
contents of the main research study. An executive summary can be anywhere from 1-10
pages long depending on the length of the report, or it can be the summary of more than
one document [e.g., papers submitted for a group project].
Chapterization:
Chapterization in research refers to the process of organising data and critical findings in
a legible manner. A thesis should have at least 5 chapters depending on its scope .
Chapterization is important because it helps organise data and critical findings in a legible
manner Chapterization can also refer to the automatic feature that starts a chapter on a
right-hand page in a report without having to account for a blank left-hand page with a
blank original
Chapter structures