Is there a significant difference between our sample of respondents who plan to participate in the 401k plan right now and the national
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MUST HAVE ACCESS TO IBM SPSS STATISTICS
Please answer the following ten questions based on the SPSS Data Set and 401K
Questionnaire. Please refer both to the suggested analyses for the SPSS Questions for the
Quantitative Project (Sioux Falls Health Care Data) and the SPSS Cheat Sheet for Running
Analyses found in the Inferential Statistics Module to guide you and assist you when answering
these 10 questions. The SPSS commands to run the statistical analyses were all provided in the
suggested analyses for the SPSS questions for the Quantitative Project or the SPSS Cheat sheet
for running analyses. One analysis and SPSS commands you will need to run for one of the ten
questions for this assignment was not performed in the SPSS Questions for the Quantitative
Project (Sioux Falls Health Care Data), but the necessary commands for the analysis can be
found in the SPSS Cheat Sheet for Running Analyses. Statistical significance p value levels are set at .05
unless otherwise noted.
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What percentage of the respondents in the survey are men what percentage of the
respondents are women?
What is the most common college major of respondents in the survey? How many
respondents had this as their major?
Is there a significant difference between men and women and their plan to participate
in the 401K plan right now? If there is a significant difference between men and
women, which gender group is significantly more likely to participate in the 401K plan
right now? What analysis did you run to analyze this question?
Is there a significant difference between the different degrees people majored in for
college and their plan to participate in the 401K plan right now? If there is a
significant difference between the degrees that people majored in for college, which
degree major had significantly more participants likely to participate in the 401K plan
right now? What analysis did you run to analyze this question?
What is the average score of respondents who plan to participate in the 401K plan right now (use the descriptives options in SPSS to make sure you select means to get this
average score)? The average nation score of those who plan to participate in the 401K
plan of their company right now is 1.7? Is there a significant difference between our
sample of respondents who plan to participate in the 401K plan right now and the national
standard level for participating in a 401K of other companies with an average of 1.70?
What analysis did you run to analyze this question?
Is there a significant difference between those who took 1 or fewer finance courses in
college and those who took more than 1 finance course and their plan to participate in
the 401K plan right now? If there is a significant difference between individuals
taking finance courses and their plan to participate in the 401K plan this year, are those
who took more or fewer finance classes significantly more likely to participate in the 401K plan right now?
What analysis did you to analyze this question?
Is there a significant correlation at the significant p level of .01 (check the number of
stars for significance levels of .01 or .05) between any of the following four variables:
Plan to participate in the 401k plan right now, Ability to make financial decisions without
assistance, Ability to determine amount of money needed in retirement, and Rating of
knowledge of interest rates, finance charges and credit rates. If there are any
correlations between variables at the p level of .01, which variables are correlated and is
the correlation positive or negative?
Do any of the following three variables (Ability to determine amount of money needed
in retirement, Years of work experience and Rating of knowledge of interest rates,
finance charges and credit rates) significantly predict ability to make financial decisions
without assistance at the significant p level of .05. If any of the variables significantly
predict ability to make financial decisions without assistance, please interpret the relationship between
these variables (i.e higher confidence in personal financial knowledge significantly
predicts ability to make financial decisions without assistance). Remember to check the
scale of the survey to insure you make the correct interpretation of the relationship
between the variables). What analysis did you use to analyze this question?
Do any of the following four variables (Ability to make financial decisions without
assistance, Ability to determine amount of money needed in retirement, Years of Work
Experience and Rating of knowledge of interest rates, finance charges and credit rates)
significantly predict Plan to participate in the 401k plan right now at the significant p level of .05.
If any of the variables significantly predict plan to participate in the 401K plan right now, please
interpret the relationship between these variables (i.e higher confidence in personal
financial knowledge significantly predicts greater interest in participating in the 401k
plan right now). Remember to check the scale of the survey to insure you make the correct
interpretation of the relationship between the variables). What analysis did you use to
analyze this question?
10. A training program outlining the benefits of enrolling in the retirement program is
conducted by the company. The purpose of the training is to encourage more employees interest interested in
participating in the 401k plan right now to participate sometime in the future in the
retirement plan. Is there a statistically significant difference following the training program
between employee interest in participating in the 401k plan right now and enrolling in the future in the
retirement plan? What analysis did you use to analyze this question?
