SAMPLING PROCEDURE

This section shall discuss the sampling technique and the determination of the

sample population used in the study.

This study focused on the total population of Financial Management students and

Marketing Management students of San Beda, Manila for the academic year 2017-

2018. The number of Financial Management students who enrolled in San Beda, Manila

in the academic year 2017-2018 is two hundred twenty one (221); five hundred nine

(509) students for Marketing Management; for a total of seven hundred thirty (730)

students as the total population.

The sample population was determined through the use of the Slovin’s formula:

𝑵
𝒏=
(𝟏 + 𝑵𝒆𝟐 )

Where:

n = Sample population

N = Total population

e = Margin of error

Substituting the value of N with 730, and the Margin of error of 0.10 or 10%

𝑵
𝒏=
(𝟏 + 𝑵𝒆𝟐 )

𝟕𝟑𝟎
𝒏=
(𝟏 + (𝟕𝟑𝟎)(𝟎. 𝟏𝟎𝟐 ))
 𝒏 = 87.95 𝑜𝑟 𝟖𝟖

Thus, the sample size of this research was 88 Financial Management and Marketing

Management students.

The Simple Random Sampling was applied in this research. In this technique, a

simple random sample (SRS) of a given size, all such subsets of the frame are given an

equal probability. Furthermore, any given pair of elements has the same chance of

selection as any other such pair (and similarly for triples, and so on). This minimizes

bias and simplifies analysis of results. It is considered the easiest sampling technique

among other techniques. A simple random sample is chosen in such a way that every

set of individuals has an equal chance to be in the selected sample. So there is an

equal chance between the Financial Management students and Marketing Management

students to be chosen as a respondent disregarding the fact that the population of the

Marketing Management students is much higher than that of the Financial Management

students.

STATISTICAL TREATMENT OF DATA

This section shall discuss how the data gathered were interpreted through the

use of formulas applicable to the type of questions and its corresponding scale of

choices. For each question in the questionnaire, the Likert Scale, particularly in question

2 of the questionnaire was used. Multiple choices, on the other hand, were provided for

the remaining questions of the questionnaire. The scale in the Likert Scale used ranged

as follows: 1 as Never; 2 as Rarely; 3 as Sometimes; 4 as Often; and 5 as Always. For

the interpretation of the data, the researchers used the Weighted Mean for the
questions that used the Likert Scale, and Percentage for the questions with Multiple

choices. Below are the formulas used for the interpretation of the data computed.

A. Weighted Mean

The formula of the weighted Mean, as shown below, was used for the

question that used the Likert Scale for its corresponding choices.

∑ 𝒇𝒙
𝑾𝑴 =
∑𝒏

Where:

WM = Weighted Mean

f = Frequency

x = Data

n = Number of Respondents

A set of corresponding verbal interpretation of the computed weighted

mean was applied in the interpretation of such gathered values.

Table 1. Verbal Interpretation of Weighted Mean

RATE RANGE INTERPRETATION

5 4.5-5.0 ALWAYS

4 3.5-4.4 OFTEN

3 2.5-3.4 SOMETIMES

2 1.5-2.4 RARELY

1 1.0-1.4 NEVER
B. Percentage

For the questions having multiple choices, the formula for Percentage was

used.

𝒇
𝑷= 𝒙 𝟏𝟎𝟎
𝒏

Where:

P = Percentage

f = Frequency

n = Number of Respondents