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| Report on $$ Cha-Ching $$ |
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Created by cnealis on May 08, 2008
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Youngest children will spend $100 more quickly than oldest children.
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Birth order
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| Graph of Birth Order |
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Statistical Measures
Mode: oldest
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How fast the children spend $100
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| Graph of How Quickly $100 is Spent |
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Statistical Measures
Median: within a month
Mode: within a month
Mean: 2.96, Std. Dev.: 1.11
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We looked at our bar graph, and all of them were pretty much the same height. That would mean that there's no difference. Also, our p-value was not significant. It was about .8. Our hypothesis was not confirmed.
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| Birth Order & Spending |
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Statistical Measures
F=0.24
p=0.86843
Each pair of values is compared below using the Scheffé test;
| oldest |
youngest |
p=0.79129
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| oldest |
middle |
p=0.99999
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| oldest |
only |
p=0.94359
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| youngest |
middle |
p=0.84067
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| youngest |
only |
p=0.61693
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| middle |
only |
p=0.96093
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Our relationship was not the same as we predicted and was not statistically significant. Birth order does not seem to influence how quickly individuals spend $100.
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We found that there is no significant relationship between birth order and how quickly people spent $100. Beyond our study this might suggest that you should not make assumptions about how quickly people spend their money based on their birth order. There might be other variables that influence how quickly people spend their money such as their income. People who make more money might spend it more quickly. Perhaps it's age, not birth order that affects how quickly money is spent. Older people might spend money more quickly, and they might also make larger purchases. Another variable that might be important to examine is how parents spend their money. Children might mirror their parents in spending habits.
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We think it might be interesting to combine the questions about earning and being given $100. We also think it would be important to know how many siblings an individual has. A youngest child with 2 siblings might have a different experience compared to a youngest child with 10 siblings.
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