Chi – square analysis

Table: 22
Table showing the relationship between age of respondents and their awareness
level of Bajaj Allianz Life Insurance Company

Awareness
Age Very well Well
Aware Not aware Total
aware aware

Below 18 3 0 4 2 9

18 – 30 4 32 23 11 70

31 – 40 3 18 13 5 39

41 – 60 0 7 9 5 21

60 & above 2 4 3 2 11

Total 12 61 52 25 150

Null hypothesis (Ho):

There is no significant relationship between age of the respondents and their

awareness level of Bajaj Allianz Life Insurance Company.

Alternate hypothesis (H1):

There is a significant relationship between age of the respondents and their

awareness level of Bajaj Allianz Life Insurance Company.

The χ2 value is found with the help of the following formula.

χ2 = ∑ [(O – E) /E]
2
Here, O= Observed frequencies, E= Expected frequencies and the result are presented

below.

Calculated value = 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:

The researcher had applied chi- square test (χ2 ) to prove statistically whether

there is any significant relationship between the variables used for the study.

For this purpose the researcher has chosen age (variable1) with the (variable 2)

the respondents awareness level of Bajaj Allianz Life Insurance Company.

When tested at 5% level of significance, it is found that the table value is

greater than the calculated value. Null hypothesis is accepted.

Hence it is concluded that age of the respondents have no significant

relationship with the awareness level of Bajaj Allianz life insurance company.
 Table: 23
Table showing the relationship between educational qualification of the
respondents and their awareness level of Bajaj Allianz Life Insurance Company

Awareness
Educational
qualification Very well Well
Aware Not aware Total
aware aware

HSC level 1 19 12 6 38

UG holder 5 31 32 10 78

PG holder 6 9 7 9 31

Others 0 2 1 0 3

Total 12 61 52 25 150

Null hypothesis (Ho):

There is no significant relationship between educational qualification of the

respondents and their awareness level of Bajaj Allianz Life Insurance Company.

Alternate hypothesis (H1):

There is significant relationship between educational qualification of the

respondents and their awareness level of Bajaj Allianz Life Insurance Company.

The χ2 value is found with the help of the following formula.

χ2 = ∑ [(O – E) /E]2

Here, O= Observed frequencies, E= expected frequencies and the result are presented

below.

Calculated value (χ2) = 15.58

Degree of freedom = (c-1) (r-1)

= (4-1) (4-1) = 9

Table value for 9 degree of freedom @5% level of significance is 16.919

INFERENCE:

The researcher had applied chi- square test (χ2 ) to prove statistically whether

there is any significant relationship between the variables used for the study.

For this purpose the researcher has chosen educational qualification

(variable1) with the (variable 2) the respondent’s awareness level of Bajaj Allianz Life

Insurance Company.

When tested at 5% level of significance, it is found that the table value is

greater than the calculated value. Null hypothesis is accepted.

Hence it is concluded that educational qualification of the respondents has no

significant relationship with the awareness level of Bajaj Allianz Life Insurance

Company.