The document describes a study that evaluated the Mad City Money financial literacy program for students. Surveys were given to students before and after participating in the program to measure changes in financial attitudes and knowledge. The results found statistically significant improvements in budgeting knowledge, tracking spending, and confidence setting financial goals. However, perceived importance of GPA was found to decrease unexpectedly. The discussion recommends continuing the program with adjustments to address the surprising GPA findings.
involving learners actively in the process of learning gives more to the teacher and learner. the learners construct more concepts when they are actively involved in the process of learning
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Flag Unit 2Part 1Qualitative research is a process that focu.docxlmelaine
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Unit 2
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Qualitative research is a process that focuses on words, its exploratory and seeks to unearth the opinions, thoughts, and feelings of respondents. Quantitative research is numerical, its the approach used during which numerical data is collected. Both quantitative and qualitative methods could be used for many of the given scenarios because they are such broad topics. As a magazine editor, I decided to make some of these topics "my own".
Coin collections; Starting a coin collection: knowledge is the key to success in coin collecting as with any hobby. You must take the time to educate yourself about coin collecting. There are books on the subject and The American Numismatic Association holds seminars each summer for beginners starting a coin collection. Qualitative research would be used as it is used to uncover trends in thoughts and opinions. The type of qualitative method that could be used is ethnographic as its goal is to understand the characteristics of cultural variations.
Favorite recipes; How cooking favorite family recipes can help families become closer: As families create dishes together this can be a time of fun, a time to share experiences, and start new traditions. Preparing favorite family recipes has the potential to strengthen family bonds. It is stated in the March 30th edition of Family Dinner Statistics that 74% agree that cooking together promotes happy families (Braider). The type of research used would be quantitative research as it uses quantifiable data to articulate facts. The type of quantitative method that could be used is called experimental research as it uses a scientific method to establish cause-effect relationships.
Rising home costs; Homeownership has declined: House prices seem to rise quicker than wages do, which means homes have become less affordable. Homeownership rates have declined from its peak in 2004. According to The Washington Post, the overall level remains 13 % below the historical average. The research method would be quantitative research as it is used to quantify the problem by way of generating numerical data or data that can be transformed into useable statistics. The quantitative method used would be descriptive research as it aims to describe the current status of a variable or phenomenon.
Best High Schools; Best High Schools in the U.S.: A great high school educates all students exposing them to challenging coursework. The highest-ranked U.S. public schools in the U.S. News & World Report 2019 Best High Schools rankings are those whose students demonstrated outstanding outcomes in math and reading state assessments, passed college-level exams, and graduated in high proportions. Because of the rankings, quantitative research would be used as it is numerical. The researcher transforms what is collected and observed in numerical data. Answering the "what" and"how many". The type of quantitative method to be used is called descriptive research because it focuses on th ...
The release of the draft cohort default rates presents a great opportunity to review or initiate your default prevention plan. During this webcast, we discussed proven strategies that will help students successfully complete their program of study, become educated consumers regarding their student loans and provide them with the assistance they need to successfully repay their educational debt.
involving learners actively in the process of learning gives more to the teacher and learner. the learners construct more concepts when they are actively involved in the process of learning
With over 16 years of experience across 21 countries, we’ve long been disrupting the status quo. We combine operational precision with bold creativity and deliver results above and beyond the ordinary.
Committed to innovation, and driven by technology, we understand what it takes to make brands stand out from the crowd
You’re in safe hands with Kommando.
Oracle WebCenter Suite is an integrated suite of products used to create social applications, enterprise portals, communities, composite applications, and Internet or
Intranet web sites on a standardsbased, service-oriented architecture (SOA).
Flag Unit 2Part 1Qualitative research is a process that focu.docxlmelaine
Flag
Unit 2
Part 1
Qualitative research is a process that focuses on words, its exploratory and seeks to unearth the opinions, thoughts, and feelings of respondents. Quantitative research is numerical, its the approach used during which numerical data is collected. Both quantitative and qualitative methods could be used for many of the given scenarios because they are such broad topics. As a magazine editor, I decided to make some of these topics "my own".
Coin collections; Starting a coin collection: knowledge is the key to success in coin collecting as with any hobby. You must take the time to educate yourself about coin collecting. There are books on the subject and The American Numismatic Association holds seminars each summer for beginners starting a coin collection. Qualitative research would be used as it is used to uncover trends in thoughts and opinions. The type of qualitative method that could be used is ethnographic as its goal is to understand the characteristics of cultural variations.
Favorite recipes; How cooking favorite family recipes can help families become closer: As families create dishes together this can be a time of fun, a time to share experiences, and start new traditions. Preparing favorite family recipes has the potential to strengthen family bonds. It is stated in the March 30th edition of Family Dinner Statistics that 74% agree that cooking together promotes happy families (Braider). The type of research used would be quantitative research as it uses quantifiable data to articulate facts. The type of quantitative method that could be used is called experimental research as it uses a scientific method to establish cause-effect relationships.
Rising home costs; Homeownership has declined: House prices seem to rise quicker than wages do, which means homes have become less affordable. Homeownership rates have declined from its peak in 2004. According to The Washington Post, the overall level remains 13 % below the historical average. The research method would be quantitative research as it is used to quantify the problem by way of generating numerical data or data that can be transformed into useable statistics. The quantitative method used would be descriptive research as it aims to describe the current status of a variable or phenomenon.
Best High Schools; Best High Schools in the U.S.: A great high school educates all students exposing them to challenging coursework. The highest-ranked U.S. public schools in the U.S. News & World Report 2019 Best High Schools rankings are those whose students demonstrated outstanding outcomes in math and reading state assessments, passed college-level exams, and graduated in high proportions. Because of the rankings, quantitative research would be used as it is numerical. The researcher transforms what is collected and observed in numerical data. Answering the "what" and"how many". The type of quantitative method to be used is called descriptive research because it focuses on th ...
The release of the draft cohort default rates presents a great opportunity to review or initiate your default prevention plan. During this webcast, we discussed proven strategies that will help students successfully complete their program of study, become educated consumers regarding their student loans and provide them with the assistance they need to successfully repay their educational debt.
Students mismanaging money could see universities losing up to 1 in every 10 students every year.
It will come as no surprise to you, to hear us say that, we think upskilling students and getting them more financially savvy is key.
We are on a mission – to upskill people for the 21st century through better money management, employability and enterprise training.
Ask us how!
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Personal Budgeting Trends of Undergraduate Students at Ashoka UniversityAashay Verma
This was a project we had to undertake as part of our Statistics for Economics course in the Monsoon 2017 semester with Professor Anuradha Saha. This report reflects the data we collected from 210 respondents within 24 hours of sending out our survey. We enjoyed the process thoroughly.
The Financial Empowerment of Urban YouthAngel Rich
Comprehensive research study to analyze the financial behavior, attitudes and outcomes of urban youth, particularly when influenced by WealthyLife games and training
CASE SCENARIOBB&T Corporation, headquartered in Winston-Salem, N.docxjasoninnes20
CASE SCENARIO
BB&T Corporation, headquartered in Winston-Salem, North Carolina, is among the nation’s top financial holding companies, with $186 billion in assets. Its bank subsidiaries operate approximately 1,800 financial centers in twelve states and Washington, D.C. BB&T’s operating strategy distinguishes it from other financial holding companies. BB&T’s banking subsidiaries are organized as a group of community banks, each with a regional president, which allows decisions to be made locally, close to the client. This also makes BB&T’s client service more responsive, reliable, and empathetic. Typically, the bank tellers’ tasks include:
· Balancing currency, coin, and checks in cash drawers at the end of each shift, and calculating daily transactions using computers, calculators, or adding machines
· Cashing checks and paying out money after verifying that signatures are correct, that written and numerical amounts agree, and that accounts have sufficient funds
· Receiving checks and cash for deposit, verifying amounts, and checking the accuracy of deposit slips
· Examining checks for endorsements and to verify other information such as dates, bank names, identification of the persons receiving payments, and the legality of the documents
· Entering customers’ transactions into computers to record transactions and issue computer-generated receipts
· Counting currency, coins, and checks received, either by hand or using a currency-counting machine, to prepare them for deposit or shipment to branch banks or the Federal Reserve Bank
· Preparing and verifying cashier’s checks
· Sorting and filing deposit slips and checks
· Ordering a supply of cash to meet daily needs
· Receiving and counting daily inventories of cash drafts and travelers’ checks
Recently, Apple introduced Apple Pay, which allows customers to make credit card purchases or pay bills using contactless payment technology and unique security features. Customers can use their iPhones, Apple Watches, or iPads to make payments and purchases in a simple, secure, and private way. You can learn more about Apple Pay at www.apple.com/apple-pay. Describe the methods or combination of methods you would recommend to train BB&T’s tellers on Apple Pay. Justify your choice of methods.
Helpful Resources
Apple Inc. (2019, March 28). Merchant training for Apple Pay. Retrieved from https://support.apple.com/en-us/HT205752
Apple Inc. (2019, May 13). About Apple Pay. Retrieved from https://support.apple.com/en-us/HT201469
Apple Inc. (2019, June 11). Set up Apple Pay. Retrieved from https://support.apple.com/en-us/HT204506
BB&T. (n.d.). Apple Pay. Retrieved from https://www.bbt.com/online-access/account-services/apple-pay.html
Running head: CHILD WELFARE NEEDS ASSESSMENT 1
CHILD WELFARE NEEDS ASSESSMENT 2
Child Welfare Needs Assessment
Student n ...
Presented by Patrick Lane, WICHE
This webinar focuses on why reengaging adult learners (particularly those with some college credit but no degree) is such an important part of any metropolitan strategy to increase degree attainment. With demographic and workforce projections showing that the traditional education pipeline will not provide sufficient students to meet the future needs of employers, bringing back adults who have started but not finished a postsecondary credential is crucial. In addition to focusing on the need to serve these potential students, the webinar also shares promising strategies to develop collaborative relationships with other stakeholders to increase degree attainment.
2. Previous Literature
Many young people never learn the importance
of being financially prudent
Class of 2015 average student loan debt is
$35,000 (Sparshott, 2015).
Class of 2015 average starting salary is
$45,478 (Poppick, 2015).
3. Previous Literature Continued
Financial literacy/illiteracy tends to persist.
Many young people learn their spending habits
from watching their parents
Campenhout (2015) suggests delivering
financial literacy on a “just-in-time” basis. Mad
City Money intervenes “just-in-time”
4. Mad City Money Program
Evaluation
Primary goal: evaluate the
participants attitude
changes in the way they
perceive their finances,
budgeting, and financial
goals that the student’s may
experience due to their
participation in the Mad City
Money Program.
5. Method- Participants
Students from targeted low income schools that
participated in the Mad City Money Simulation became
the participants for the Mad City Money Program
Evaluation.
Targeted schools:
Grandview
Allen Village
Center
**Targeted schools = higher
rates of poverty
6. Method- Materials
Two surveys were administered to the participants.
Time 1 – initial assessment: prior to the program
simulation the students were asked to fill out a survey
regarding their perception and knowledge of money
and their future finances.
Time 2 – second assessment: approximately three
weeks after the program simulation the students were
asked to fill out another survey regarding their
perception and knowledge of money and their future
finances.
7. Method- Procedure
Paired samples t-test was used to analyze the data
Typically used in pre- and post- test studies
Important to match the pairs in order to be able to
statistically conclude whether the Mad City Money
Simulation had any impact on the student’s who
participated in it.
Statistical significance – A result that is not likely to occur
randomly, but rather is likely to be attributable to a specific
cause. For example to be significant a p value has to be .05
or less .05 means there is less than a 1% likelihood that the
finding is due to chance.
8. Method-Procedure
Chose to run a dependent t-test because it eliminates the
individual differences that occur between subjects. This
increases the power of the test.
More likely to detect any significant differences using the
dependent t-test vs. the independent t-test.
Mean = average of all of the student’s answers for a
particular question. It is important to match the means of the
answers of the questions from the pre- and post- test
surveys to convey if the Mad City Money simulation had an
increase, decrease, or no effect on the knowledge of
financial literacy of the students.
9. Results
Budgeting – “How likely are you to budget for
monthly expenses?”
0
1
2
3
4
5
6
Time One Time Two
Mean Average
Mean Average
P=.05
10. Results
Budgeting – “How much do you know about
budgeting?”
4.6
4.8
5
5.2
5.4
5.6
Time One Time Two
Mean Average
Mean Average
P=.05
11. Results
Spending – “How often do you track your
spending?”
0
1
2
3
4
5
6
Time One Time Two
Mean Average
Mean Average
P< .01
12. Results
Confidence – “How confident are you in your ability
to set financial goals?”
5
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
Time One Time Two
Mean Average
Mean Average
P = .02
13. Surprising Results
GPA – Importance of having a high GPA
Statistically significant decrease
Time One: 7.17
Time Two: 6.8
GPA – Importance in relation to how much a person
can earn upon graduation
No statistical significance was found
Time One: 5.91
Time Two: 5.78
14. Results
Bank Account – “How much do you know about
opening a bank account?”
No statistical significance was found
Time One: 4.26
Time Two: 4.83
Spending – “How likely are you to spend money on
items you want but are not a necessity?”
No statistical significance was found
Time One: 4.70
Time Two: 4.68
15. Results
Confidence – Importance of setting aside money for
long-term goals
No statistical significance
Time One: 6.52
Time Two: 6.58
Confidence – “How confident are you in your ability
to manage money in the real world?”
No statistical significance
Time One: 5.83
Time Two: 5.96
16. Discussion
Findings demonstrate that the Mad City Money Simulation
helped to provide students with knowledge on how to budget.
Participants reported having a statistically significant increase
in confidence with ability to set financial goals, knowledge
about budgeting, and ability to track their spending.
The most surprising finding was in relation to GPA. The goal
was to increase the importance of maintaining a high GPA,
however the data demonstrated that there was a decrease in
perceived importance of maintaining a high GPA and no
change in their perception of how GPA is related to later
earning potential.
17. Implications
Based off of the data we recommend continuing the
current curriculum in most areas.
Re-focus how to convey the importance of GPA and
future financial success.
18. Future Directions
On post-test create a question asking if the student
attended the Mad City Money Evaluation.
Excluded three students who indicated that they did not
participate in the Mad City Money simulation.
On pre-test create a question asking if the student had
attended the Mad City Money Evaluation before.
Keep the name and/or student ID number line the same for
both pre- and post- surveys to be able to match up more
pre- and post- surveys.
19. Future Directions Continued
Putting a date on the pre- and post- surveys so that we
know when each of the surveys was administered
Be able to obtain complete demographic data from
each school district.
Ask teachers to check the survey sheets when
collecting them to ensure that every student wrote their
name on the survey.
20. References
Beverly, S., (2012). Assets for Independence. CSD Working Papers.
J. Sparshott. (2015, May 8). Congratulations, Class of 2015. You’re the Most
Indebted Ever (For Now) [Web log post]. Retrieved from
http://blogs.wsj.com/economics/2015/05/08/congratulations-class-of-2015-
youre-the-most-indebted-ever-for-now/
S. Poppick (2015, April 22). Here’s What the Average Grad Makes Right Out
of College. [Web log post]. Retrieved from
http://time.com/money/3829776/heres-what-the-average-grad-makes-right-
out-of-college/
Pillai, K. R., (2012). Financial Prudence among Youth. The Journal
Contemporary Management Research, 6(2), 52 – 68.
Campenhout, G. V., (2015). Revaluing the Role of Parents as Financial
Socialization Agents in Youth Financial Literacy Programs. The Journal of
Consumer Affairs, 49(1), 186 – 222. doi: 10.1111/joca.12064
Editor's Notes
By accessing the students’ knowledge before and after the simulation it helped us to gather a clear consensus of the knowledge the student’s had coming into the simulation and what learned from the simulation.
Add a slide for independent vs dependent t-test and explain what statistical significant is https://statistics.laerd.com/statistical-guides/dependent-t-test-statistical-guide-3.php
http://documentation.statsoft.com/STATISTICAHelp.aspx?path=glossary/GlossaryTwo/T/ttestForIndependentanddependentsamples