Having considered the three different research methods the researcher opted to use the quantitative approach. In applying the quantitative research method the researcher wanted to generalise the expected results across the payments division in a major South African bank. In the quantitative research method the researcher wanted to answer the research problem of why the use of a single advanced system was essential for the successful processing of customer payment instructions.
According to Saunders et al. (2007:145), the quantitative method was predominantly used as a synonym for any data collection technique (such as a questionnaire) or data analysis procedure (such as graphs or statistics) that generated or used numerical data.
1.9. Sampling
Sampling techniques provide a range of methods that enable the researcher to reduce the amount of data that needs to be collected by considering only data from a subgroup rather than all possible cases (Saunders et al., 2007:204). The researcher collected data from the identified population in a company where the researcher was employed in the payments department and IT provided technological solutions to the business unit.
1.9.1. Sample population
Saunders et al. (2007:205) define the full set of cases from which a sample is taken as the population. The targeted population in this study was taken from the international payments department in the organisation where the researcher was employed. The population entails the payments
The researchers used purposive sample but did not give any explanation as to why this choice sampling was made. It is essential to describe the sampling process in a research where this facilitates the reader to distinguish any bias in the whole sampling process. In studies using participants, the process of how to select, access, inform and retain research participants requires considerable thought. Sampling is a key issue, because it is
Quantitative research is done to find the accurate facts by evaluating the problems like opinion, behaviour by using numerical data. This research is based on theories, hypothesis, collecting, analysing the data to make the research accurate.
Quantitative data is facts that are written in numerical form and then proven. The way Quantitative data is recorded is in numbers. An example of Quantitative data is 55%take bus, 25% take train, 10% walk and 10% car.
According to Schutt (2008), sampling is defined as a subset of population used in a study to be a representation of the population as a whole. My final project is a pre-hire assessment which analyzes potential risky pattern behaviors and emotions in the work place. One of the most important considerations related to sampling that will need to be addressed in my final project is defining the population that will be taking the assessment.
Each of 30 interviewers was asked to recruit 14 subjects (convenience sample of 7 males and 7 females aged between 18 and 80 years old)
13. Distinguish between quantitative and qualitative data. Which type would be presented in a data
Quantitative and qualitative methods differ from one another as to their research design elements as listed below:
Quantitative research methods are objective as it uses measurements and analysis of statistical data to answer the study question. The researchers’ opinions do not affect the outcome of the study, ensuring that the study is unbiased. Another advantage is quantitative research uses numbers and statistics which is understood universally (Houser,2008).
The method used for the study was quantitative, this was chosen rather than a qualitative as this deals with facts and figures and is an investigatory type of study. This can be either experimental or non experiment. Experimental is the method used in this study which looks at cause and effect, and involves dependent and independent variables. (Balnaves and Caputi, 2001) A qualitative study can be described as interpretive which deals with personal thoughts and feelings (Flick, 2009).
Quantitative Research- a research based on experimental data, a survey that proves the actuality of the theory.
Quantitative research is gathered using a traditional tactic, that is a calculated way of obtaining data (Polit & Beck, 2017). Data
Alternatively, Quantitative analysis is a more commonly practised method as it relies on testing, simulations, calculations, formulas and any other appropriate forms of data to produce a representative figure.
Quantitative research involves collecting data, which can be expressed numerically. The design is well structured with pre-determined outcomes. It frequently involves testing a hypothesis, which then can be analysed from the data deductively using statistical methods. Using numerical data is easier to analysis mathematical, so larger sample sizes can be utilised compared to qualitative research, therefore giving a better representative of the population; along with simplifying the process of making a generalisation. Another advantage is that studies can easily compare to similar findings (Kruger, 2003). The disadvantages are the results are limited and might not provide a proper understanding of the topic. Also, statistics and leading questions can be used to give a false representation of the data when summarising.
Online payment processing services perform transactions at a much greater speed than manual processing. As well as ensuring error-free computations and faster processing time. Which means
Quantitative research methods are utilized to study the natural phenomena. So, it includes survey methods, formal methods, and numerical methods.