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Owner: amartin021
Created: Mar 14, 2019
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PHASE TWO: Martin, Burney, and Richman - Flagler College Students and Optimism about the Future Spring 2019
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PHASE TWO: Martin, Burney, and Richman - Flagler College Students and Optimism about the Future Spring 2019 


Introduction

 

In the first phase of this project, we sampled 150 Flagler College students and their optimistic thoughts about the future. In this report, we will be using the same 150 students and will divide them into two smaller samples. The two samples are the sample of Flagler College students who wish to be self-employed in the future and the sample of Flagler College students who do not wish to be self-employed in the future. For the purpose of the project, we will use the term “Self-Employed” for the students that wish to employ themselves and “Not Self-Employed" for students who wish to be hired by an outside source. There are 79 self-employed students and 71 not self-employed students sampled.  


Result 1: Self Employed   [Info]
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Students surveyed answered many different questions. They reported their age, if they feel confident in handling their finances after college and if they approve of Trump’s job in office. In this report, three comparisons will be investigated. First a comparison will be made between the age between self-employed and not self-employed students. Then the responses to handling finances after college and approval of Trump’s job in office between the self-employed and not self-employed students.  

 

Comparison #1: Age of Self-Employed Students  

The following stacked boxplots and corresponding summary statistics represent the age of students who wish to be self-employed in the future and do not wish to be self-employed in the future. There are several outliers because several students are older than most other students at Flagler College. These students are still included because it is possible that at this age, they are a student at Flagler College.  


Result 2: Age of Self-Employed and Not Self-Employed Students   [Info]
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Result 3: Summary Stats for Age of Self-Employed and Not Self-Employed Students   [Info]

Summary statistics for Age:


Group by: Self-Employed
Self-EmployednMinQ1MedianQ3MaxIQR
No7116181819541
Yes7917181920502

 


Comparison #2: Handling Finances  

This bar plot below is showing the results of future Self-Employees and Not-Self Employed people did not differ greatly when it came to be being able to handle their finances out of college. Approximately, 70% of student’s who wish to be Self-Employed believe they will control their finances, while 68% of not Self-Employed people believe they will handle their finance. About 30% of students surveyed in both categories believe they will struggle with their finances.  


Result 4: Self-Employed vs. Handle Finances   [Info]
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Comparison #3: Approve of Trump’s Job in Office 

The following contingency table compares the responses to the approval of Trump’s job in office between the students who wish to self-employed in the future and those who do not wish to self-employed in the future.  

Overall, 98 out of the 150 students surveyed do not approve of Trump’s job in office while only 52 do. Thus, 65.3% (98/150) of all the students surveyed do not approve of Trump’s job in office. Therefore, the majority of the students surveyed do not approve of Trump’s job in office. Of the 71 not self-employed students surveyed, 24 approve of Trump’s job in office and of the 79 self-employed students surveyed, 28 approve of Trump’s job in office. That is, 33.8% (24/71) of the not self-employed students who approve of Trump’s job in office while 35.44% (28/79) of the self-employed students approve of Trump’s job in office. Thus, approximately 2% more of the self-employed students approve of Trump’s job in office. There is not much of a difference in opinion on the approval of Trump’s job in office between these groups.  


Result 5: Self Employed vs. Approve of Trump   [Info]

Contingency table results:


Rows: Self-Employed
Columns: Approve of Trump
NoYesTotal
No472471
Yes512879
Total9852150

Chi-Square test:


StatisticDFValueP-value
Chi-square10.044417290.8331

 


Conclusion

 

In comparison to the students who wish to be self-employed out of college to the ones who don’t, it was found that there was a slight difference in the students who wish to not be self-employed that they would be more likely to struggle with finances compared to those who wish to be self-employed in the future. We also found that of the students who wish to be self-employed have a wider spread then the people who surveyed as not self-employed in the future. There were also a few outliers in the self-employed row at ages 38 and 50. According to the study, there also wasn’t a lot of difference in the people, self-employed or not, who approve of President Trump’s job in office, which is around 33-35%. This study is showing that students who wish to be self-employed have a wider range of ages to be self-employed at, and the not self-employed people have much thinner variation of ages to be hired at.  


Data set 1. Martin, Burney, and Richman - Flagler College Stu   [Info]
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