# Why people hold onto money - Essay Example

Summary
The measure helps in achievement of accuracy in predictions of some phenomenon. Additionally, the coefficient of determination is used during…

## Extract of sample "Why people hold onto money"

Download file to see previous pages The adjusted R squared is used to compare the explanatory power of regression model, which has different numbers of prediction variables. The variable is usually an adjusted version of R squared. The R squared is adjusted subject to the predictor of the mode of concern like econometric models. The adjusted value for R2 for the current model is 0.957985165. This implies that the predictors of the model are reliable. It is denoted by:
F-test is usually made up of two chi-square variables, which are independent. The variables are divided by the appropriate degrees of freedom. The F-test is characterized by negative F values and a non-symmetric distribution of values. Additionally, the mean of the F-test is 1. The major purpose of the F-test is to ascertain whether the variances of two populations are equal. In this regard, the ration is one when the population variances are equal. In the above case, the population variances were equal because the F significance is 0. F-test applies when the null hypothesis is true. The F-test is denoted by:
This is a standardized value, which is obtained from sample data. The t-test is used in conjunction with the F-test to determine the reliability of the null hypothesis. In this regard, the t-test helps a researcher to compare the results of the null hypothesis and the researcher’s data successfully. The value also helps in the computation of p-value when the null hypothesis ought to be rejected. The t-test for the above model is 4.788. The t-test indicates that the null hypothesis should be upheld. It is denoted by:
The explained sum of squares represents the total sum of squares of deviation from mean value, of various predicted values. In this regard, high values of the sum of squares indicate reliability of the model used for statistical analysis. It is denoted by:
The demand for money is based on the function of money, which include medium of exchange and store of value. This implies that people ...Download file to see next pagesRead More
Cite this document
• APA
• MLA
• CHICAGO
(“Why people hold onto money Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Why people hold onto money Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/macro-microeconomics/1698691-why-people-hold-onto-money
(Why People Hold onto Money Essay Example | Topics and Well Written Essays - 2000 Words)
Why People Hold onto Money Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/macro-microeconomics/1698691-why-people-hold-onto-money.
“Why People Hold onto Money Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/macro-microeconomics/1698691-why-people-hold-onto-money.
Click to create a comment or rate a document

## CHECK THESE SAMPLES OF Why people hold onto money

### Does money motivate people

...shown that when employees are asked what is most important to them, money has been ranked as the most important. Other factors, like good working conditions, type of work to be done and of type of administration, come later. This implies that with good payment, many employees are willing to work under any given conditions. It, thus, gives us the reason to question, why, generally, many people can even risk their entire lives for the sake of money. This relates to the study of human nature which states that human desires cannot be satisfied. Some employees have been known to work even on holidays so that they could earn more. Others don’t even take a leave just to work...
10 Pages(2500 words)Essay

### Money Laundering

...restrictions in today’s global market which facilitates money laundering. Global Competition Global competition implies an increasing number of competitors which in turn increases pressure to deliver proceeds and turnover. The profit that comes from criminal activities is very large because these people can at times do business with big corporations that want profit. Unlawful Activities Unlawful activities and predicate offences that give rise to or facilitate money laundering include drug trafficking, counterfeiting, smuggling, theft, embezzlement, racketeering, tax evasion, kidnapping, illegal arms sales, bribery, and illegal trade of cultural property. Efforts to Combat...
7 Pages(1750 words)Term Paper

### What People Would Do if They Found Money

...? What People Would Do if They Found Money School If a person found money, it is questionable what they might do with it since it is not theirs. An experiment was conducted in order to determine what people would do if they found money. The question at hand was a person's morality of the situation. People may sometimes feel guilty and find a way to return it while in some situations they might attempt to return it to the rightful owner. The study group developed a hypothesis theory that most people would not give lost money back to its owner if they found it. In order to test this theory, a field study...
5 Pages(1250 words)Research Paper

### Advertising:the art of convincing people to spend money

...?Advertising is the art of convincing people to spend money they don’t have for something they don’t need. Commercial advertising is a phenomenon closely associated with capitalist consumer culture. The ubiquitous ad space that engulfs urban human habitation has no parallels in terms of its reach and influence. Advertising performs a key role in industrial economies and its infiltration into both print and online formats is unlikely to abate. With ad spends always on ascent it is not difficult to understand why advertising businesses expect maximum Return on Investment (ROI) on their ad spends. Advertisers’ intention is to make their products/services appear very attractive to a broad...
7 Pages(1750 words)Assignment

### Lease hold

...? Leasehold Introduction Leasehold is the right of an exclusive control over a property or land for a limited term at a given price, without transfer of ownership based on a lease contract. It is usually a fixed asset. The leaseholder owns the property, but not the land it stands on. A legal agreement (lease) is put in place with the freeholder. The agreement shows the number of years the leaseholder will own the property. When the lease ends, the ownership of the property is returned to the freeholder. The leaseholders are also referred to as tenants or lessees while the freeholders are also referred to as a property owner or lesser. Laws usually govern granting a lease and certain order is followed when creating them (Great... Leasehold...
6 Pages(1500 words)Essay

### The Hold as Management Tool

...of variation in work performance is from a deficit in activity, then a supervisor can take immediate corrective action and get performance back on track. Also, the supervisors can opt to take basic corrective action, which would determine how and why performance has deviated and correct the source of the deviation. Immediate corrective action is more efficient, however basic corrective action is the more effective. Types of Controls: The types of controls exerted by the companies to have the management hold on the employees and information are as follows: a) Time controls relate to deadlines and time constraints. Material controls- These relate to inventory and material-yield controls. Equipment...
69 Pages(17250 words)Essay

### Hold the mayonnaise--Julia Alvarez

...14 November Hold the Mayonnaise- Julia Alvarez: This paper is primarily based on anautobiographical essay written by Julia Alvarez and titled “Hold the Mayonnaise”. In this essay, Alvarez offers the readers an insightful look into her personal life based on her new life involving her husband and his two young daughters, while basing her account on the estrangement she felt from her stepdaughters. This estrangement she recalls of developing from the younger members of her new family was due to the difference between Alvarez’s own cultural background and her stepdaughters’ lifestyles. Basically, the essay provides information as to how Alvarez managed in narrowing the distance between herself and her...
1 Pages(250 words)Essay

### Money Management of Young People

.... What we know about financial management among college students Chan et. al. (2011) created a money management model that demystifies financial literacy among college students. They identified three key factors that influence financial management. These include: personality, environment and cognitive factors. One’s personality affects performance in the area of money management adversely. People with impulsive tendencies often spend and borrow without discretion. They barely reflect on the consequences of their actions. Sadly, this factor is innate to an individual and may or may not be changeable. Cognitive factors involve acquired knowledge about financial management. If a learner...

### People go to work for money (critical assessment)

...People go to work for money affiliation People go to work for money Going to work, comes in with a number of issues that determine the enthusiasm with which an employee is likely to have while at work. An employee has to be motivated to wake up each day early to arrive at work timely. Thus, job satisfaction is key in determining employees’ willingness to go to work or not. For one to be satisfied with the workplace, he or she must be able to meet the basic needs as stipulated in Maslow’s hierarchy of needs. In the Maslow’s hierarchy of needs model, one has to ensure that they are attaining biological and physiological needs, safety needs, belonging and love needs, esteem...
4 Pages(1000 words)Essay

### Why were the indigenous people not engaging in money lending

...95 Early lenders were whether they were Jews Lombards, Cohors or the Templars realized that their financial expertise and foreign status made them objects of envy, derision and retaliation…. Why were the indigenous people not engaging in money lending ? 69 Charging usury and excessive leverage are common today but in the twentieth century new financial techniques were developed…. How did the banking industry evolve in Europe from the time of the middle ages to the modern banking era? 61 A major problem in discussing interest and usury especially in the period before the Roman Empire, was determining exactly how interest was calculated. How was interest calculated before the Roman model of calculation was adopted ? 93... There was...
6 Pages(1500 words)Book Report/Review
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

## Let us find you another Essay on topic Why people hold onto money for FREE!

This Website is owned and operated by Studentshare Ltd (HE364715) , having its registered office at Aglantzias , 21, COMPLEX 21B, Floor 2, Flat/Office 1, Aglantzia , Cyprus.