Q11Written answer
You are a Bank Officer and want to survey the saving habits of the people by taking into consideration income and expenditure of the people. Prepare a report.
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Worked solution
GUIDED ANSWER
Objective: to study people’s saving habits in relation to their income and expenditure.
Target group: a sample of households or account-holders of different income levels.
Data: monthly income, monthly expenditure, monthly saving, and the form of saving (bank deposit, post office, gold, etc.).
Tools: tabulate income, expenditure and saving; compute the mean saving and the standard deviation; compute the correlation between income and saving (it should be positive); show the forms of saving by a pie diagram.
Conclusion: conclude how saving rises with income and which saving instruments are popular, then recommend suitable bank schemes, with a bibliography.