Statistical Analysis of Students' Expenditure in Tertiary Institutions

The aims of this project are to describe the various ways in which students spend their money and to advise them on how to spend their money judiciously.

About three hundred and sixty questionnaires were distributed randomly to six schools and one hundred and forty valid returns of questionnaires were gathered.

From the analyses, it was discovered that despite the hard earned income of parents, most students insist on spending their money extravagantly. This is mostly found commonly the female students. According to the data age was identified as one of the major factors which influence the spending habit of students. Students below twenty — five years spend higher than students above twenty-five years. We also noted that students whose parents are wealthy spend much higher than students whose parents are averagely rich.

Finally, students should judiciously spend money only on important items and should avoid ostentations spending.