Statistical Analysis of Factors Affecting Average Monthly Saving Money of Lecturers in Case of Natural and Computational Science

Abstract

Background: This study entitled by determinants of average money saving in university lecturers in case of Mizan-Tepi University Tepi campus in the college of Natural and Computational science. The amount of saving is influenced by different factors: monthly income, Family size, and Age and Family consumption per capital. Objective: The objective of the study was to examine the responsible factors on average saving monthly income of lecturer’s im Mizan- Tepi University, Tepi Campus.Methodology: The study included about 135 teachers (lecturers).The data for the research was collected from primary source and average money saving of university teachers’ (lecturers’) and structural questionnaires was administered. The selected dependent variable was average saving monthly income  and the independent variables are factors like; Family consumption per month, Family size, recreation, Age, marital status, religion, donation, house rent, sex, and work experience.Result: From multiple linear regression analysis on the effect of monthly income; family consumption, family size, and age are significant on the average money saving. The data were analyzed using SAS version 9.2 and finding also compared with relevant literatures, lastly conclusions drawn and recommendation was for warded from the result. It was concluded that from 135 teachers (lecturers), 86.79% of the teachers (lecturers) are male and 13.21% are females who saved money prevalently and age ,net salary ,family size and consumption per month were significantly influencing on average saving money of lecturers’ in case of Natural and Computational science.

Key words: Income, Multiple Linear Regression, saving

DOI: 10.7176/MTM/9-5-02

Publication date:May 31^st 2019