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Chi – square analysis Table:22 Table showing relationship between age and awareness level of Bajaj Allianz Life insurance Company
Awareness S.No
Very well
Well
aware
aware
Age
Aware
Not aware
Total
1
Below 18
3
0
4
2
9
2
18 – 30
4
32
23
11
70
3
31 – 40
3
18
13
5
39
4
41 – 60
0
7
9
5
21
5
60 & above
2
4
3
2
11
Total
12
61
52
25
150
Need for analysis: To test the relationship between age and awareness level of Bajaj Allianz life insurance company.
Null hypothesis (Ho): There is no relationship between age and awareness level of Bajaj Allianz life insurance company.
Alternate hypothesis (H1): There is relationship between age and awareness level of Bajaj Allianz Life Insurance Company.
Table showing calculation of chi-square value for relationship between age and their awareness level of the Bajaj Allianz life insurance company
O
E
(O-E)2
(O-E)2/E
3
0.72
5.20
7.22
0
3.66
13.40
3.66
4
3.12
0.77
0.25
2
1.5
0.25
0.17
4
5.6
2.56
0.46
32
28.47
12.46
0.44
23
24.27
1.61
0.07
11
11.67
0.45
0.04
3
3.12
0.01
0.00
18
15.86
4.58
0.29
13
13.52
0.27
0.02
5
6.5
2.25
0.35
0
1.68
2.82
1.68
7
8.54
2.37
0.28
9
7.28
2.96
0.41
5
3.5
2.25
0.64
2
0.88
1.25
1.43
4
4.47
0.22
0.05
3
3.81
0.66
0.17
2
1.83
0.03
0.02
Total
17.62
Calculated value (χ2) = (O – E)2/E = 17.62 Degree of freedom = (c-1) (r-1) = (4-1) (5-1) = 12
Table value for 12 degree of freedom @5% level of significance is 21.026 INFERENCE: Since calculated value is less than table value. Ho is accepted at the 5% significance level. (i.e.) 17.62 < 21.026 CONCLUSION: There is no relationship between age and awareness level of Bajaj Allianz life insurance company.
Table:23 Table showing relationship between educational qualification and awareness level of Bajaj Allianz Life insurance Company
Awareness S.No
Very well
Well
aware
aware
Educational
Aware
Not aware
Total
qualification 1
HSC level
1
19
12
6
38
2
UG holder
5
31
32
10
78
3
PG holder
6
9
7
9
31
4
Others
0
2
1
0
3
Total
12
61
52
25
150
Need for analysis: To test the relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
Null hypothesis (Ho): There is no relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
Alternate hypothesis (H1):
There is relationship between educational qualification and awareness level of Bajaj Allianz Life Insurance Company.
Table showing calculation of chi-square value
O
E
(O-E)2
(O-E)2/E
1
3.04
4.16
1.37
19
15.45
12.60
0.82
12
13.17
1.37
0.10
6
6.33
0.11
0.02
5
6.24
1.54
0.25
31
31.72
0.52
0.02
32
27.04
24.60
0.91
10
13
9.00
0.69
6
2.48
12.39
5.00
9
12.6
12.96
1.03
7
10.74
13.99
1.30
9
5.17
14.67
2.84
0
0.24
0.06
0.24
2
1.22
0.6084
0.50
1
1.04
0.0016
0.00
0
0.5
0.25
0.50
Total
Calculated value (χ2) = (O – E)2/E = 15.58 Degree of freedom = (c-1) (r-1) = (4-1) (4-1) = 9
15.58
Table value for 9 degree of freedom @5% level of significance is 16.919 INFERENCE: Since calculated value is less than table value. Ho is accepted at the 5% significance level. (i.e.) 15.58 < 16.919 CONCLUSION: There is no relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
Awareness S.No
Very well
Well
aware
aware
Age
Aware
Not aware
Total
1
Below 18
3
0
4
2
9
2
18 – 30
4
32
23
11
70
3
31 – 40
3
18
13
5
39
4
41 – 60
0
7
9
5
21
5
60 & above
2
4
3
2
11
Total
12
61
52
25
150
Need for analysis: To test the relationship between age and awareness level of Bajaj Allianz life insurance company.
Null hypothesis (Ho): There is no relationship between age and awareness level of Bajaj Allianz life insurance company.
Alternate hypothesis (H1): There is relationship between age and awareness level of Bajaj Allianz Life Insurance Company.
Table showing calculation of chi-square value for relationship between age and their awareness level of the Bajaj Allianz life insurance company
O
E
(O-E)2
(O-E)2/E
3
0.72
5.20
7.22
0
3.66
13.40
3.66
4
3.12
0.77
0.25
2
1.5
0.25
0.17
4
5.6
2.56
0.46
32
28.47
12.46
0.44
23
24.27
1.61
0.07
11
11.67
0.45
0.04
3
3.12
0.01
0.00
18
15.86
4.58
0.29
13
13.52
0.27
0.02
5
6.5
2.25
0.35
0
1.68
2.82
1.68
7
8.54
2.37
0.28
9
7.28
2.96
0.41
5
3.5
2.25
0.64
2
0.88
1.25
1.43
4
4.47
0.22
0.05
3
3.81
0.66
0.17
2
1.83
0.03
0.02
Total
17.62
Calculated value (χ2) = (O – E)2/E = 17.62 Degree of freedom = (c-1) (r-1) = (4-1) (5-1) = 12
Table value for 12 degree of freedom @5% level of significance is 21.026 INFERENCE: Since calculated value is less than table value. Ho is accepted at the 5% significance level. (i.e.) 17.62 < 21.026 CONCLUSION: There is no relationship between age and awareness level of Bajaj Allianz life insurance company.
Table:23 Table showing relationship between educational qualification and awareness level of Bajaj Allianz Life insurance Company
Awareness S.No
Very well
Well
aware
aware
Educational
Aware
Not aware
Total
qualification 1
HSC level
1
19
12
6
38
2
UG holder
5
31
32
10
78
3
PG holder
6
9
7
9
31
4
Others
0
2
1
0
3
Total
12
61
52
25
150
Need for analysis: To test the relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
Null hypothesis (Ho): There is no relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
Alternate hypothesis (H1):
There is relationship between educational qualification and awareness level of Bajaj Allianz Life Insurance Company.
Table showing calculation of chi-square value
O
E
(O-E)2
(O-E)2/E
1
3.04
4.16
1.37
19
15.45
12.60
0.82
12
13.17
1.37
0.10
6
6.33
0.11
0.02
5
6.24
1.54
0.25
31
31.72
0.52
0.02
32
27.04
24.60
0.91
10
13
9.00
0.69
6
2.48
12.39
5.00
9
12.6
12.96
1.03
7
10.74
13.99
1.30
9
5.17
14.67
2.84
0
0.24
0.06
0.24
2
1.22
0.6084
0.50
1
1.04
0.0016
0.00
0
0.5
0.25
0.50
Total
Calculated value (χ2) = (O – E)2/E = 15.58 Degree of freedom = (c-1) (r-1) = (4-1) (4-1) = 9
15.58
Table value for 9 degree of freedom @5% level of significance is 16.919 INFERENCE: Since calculated value is less than table value. Ho is accepted at the 5% significance level. (i.e.) 15.58 < 16.919 CONCLUSION: There is no relationship between educational qualification and awareness level of Bajaj Allianz life insurance company.
