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Effects of economic trends on each social class - Research Proposal Example

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Effects of Economic Trend on Each Social Class Name Professor Course Date CHAPTER 3: RESEARCH METHODOLOGY This chapter entails the process by which the research question will be addressed; that is: how economic trends affects the various social classes. It also covers the sample size, procedure for data collection and the procedure for data analysis…
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Download file to see previous pages 2003). The benefits of using quantitative analysis in this research are mainly based on the ability to collect large volumes of numerical data from a large sample size. Quantitative analysis applies precise and cost-effective data collection techniques (Antonisamy, Solomon & Prasanna, 2010). In addition, it can enable replication and generalization of collected information from a sample to achieve results on the population. Replication of the initial study can be conducted for the purpose of data accuracy in consideration to change in time. It also provides, continuous and timely data collection (Antonisamy, Solomon & Prasanna, 2010). Moreover, quantitative research presents the information collected into statistical data this facilitates easy interpretation and comparison to previously conducted research (Antonisamy, Solomon & Prasanna, 2010). A sampling technique will be used to supplement the quantitative method. In order to address the research question, sampling will cover the collection of economic data versus the social data. Given that the socio-economic sector is quit broad, a stratified random sampling technique will be applied to facilitate data collection from the economic and the social sector independently (Atkinson & Micklewright, 1992). The main advantage of applying stratified sampling technique in this research relies on the fact that it produces accurate and unbiased results and conclusions (Atkinson & Micklewright, 1992). As a result of the detailed interest in the sub-groups; surveys conducted via stratified sampling, often provide data that significantly represent the entire population. It is therefore, the best means to obtain outcomes that will show the diversity of the social classes in question (Atkinson & Micklewright, 1992). The social class will be divided into two categories; below poverty level and above poverty level. Individuals below poverty level live on at most a dollar each day (Thompson & Joseph, 2005). Questionnaires will be distributed equally to both the social and economic categories. In total 200 questionnaires will be distributed. The effects of economic trends on social class will be measured based on per capita income in relation to household expenditure for each class in the past 10 years (Freudenberg, 2006). The level of unemployment will also be compared to economic trends during this period. This paper will also compare economic trends in relation to gender issues; for instance has economic trends increased or decrease gender equality (Huston et al., 2005). Economic Data Sources To analyze employment, income and economic trends, data will be collected from the central statistical offices and the ministry of economic and financial planning. Other sources will include the core donor agencies, central bank, and commercial banks (Beeghley, 2004). The center for social and economic development at the University of Wisconsin will provide data for economic analysis (Thompson & Joseph, 2005). Information concerning employment and income will be provided by the U.S census Bureau. Further information relating to wages and employment will be gathered from the Bureau of labor statistics (Duncan & Magnuson. 2003). In this category, respondents will be required to answer basic questions ...Download file to see next pagesRead More
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