Question

In: Accounting

trying to conduct a research study between the impact of work-life balance on a person's well-being...

trying to conduct a research study between the impact of work-life balance on a person's well-being and need assistance with which method of analysis to use and how to compute the data from Excel into an empirical article

Solutions

Expert Solution

Answer for Q1:

Which analysis method be used?

This is a quantitative research.

Data Collection: Behavioural research goes well with Decriptive data collection.

Sampling Technique: Multi-stage sampling, Descriptive.

Analysis: Regression and Independent Sample t-test may be used. Simple methods like - Means and Standard Deviation can also be used. Correlational Statistics can be used for better assessment.

Reasoning:

  • To understand work-life balance, one must first understand work-life imbalance (Shankar and Bhatnagar, 2010).
  • This research topic includes variables like - Stress level, family background, psychological status, nature of work, value system etc. which are qualitative.
  • Other variables are quantitative - sex, number of respondents, age group, remuneration etc.
  • This research is based on number of respondents and therefore, it is Quantitative.
  • To satisfy above requirements, Descriptive data collection may help.
  • This data can be procured from any method - Questionnaire, Interview, Telephonic, email etc.
  • Sampling - Multi-stage sampling (in case if you want gender-based study differently).Descriptive sampling will help in assessing the distribution of scrores amongst the the variables amongst the population.
  • Correlational Stats will help assess the relationship between variables like well-being, satisfaction, conflict etc. Peasron's Product Movement Correlation can also be used as a sub-type.

Answer for Q2:

How to compute data into Excel for an Empirical Research?

  • Collect the data as mentioned above (using any of the above method).
  • Clearly mention the data heads - Work-life balance, Conflict, Satiscfaction, etc. These are variables. This is based on your study method. You have to decide on these heads.
  • Insert data into cells in Excel under appropriate heads.
  • Use formula to calculate.
  • You have to do statistical analysis using the values you calculated just now.

For clarifications or more explanation, you can comment below.

Thumbs up if this answer helps !!

All the best !!


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