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Research Methodology for Banking Study

Chapter Three outlines the research methodology, detailing the descriptive research design and quantitative approach used to gather data from employees of three commercial banks in Mogadishu. The study employed stratified random sampling with a sample size of 44, utilizing questionnaires for data collection while ensuring validity and reliability. Ethical considerations and limitations, such as non-responsiveness and language barriers, are also discussed.

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0% found this document useful (0 votes)
8 views4 pages

Research Methodology for Banking Study

Chapter Three outlines the research methodology, detailing the descriptive research design and quantitative approach used to gather data from employees of three commercial banks in Mogadishu. The study employed stratified random sampling with a sample size of 44, utilizing questionnaires for data collection while ensuring validity and reliability. Ethical considerations and limitations, such as non-responsiveness and language barriers, are also discussed.

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Ayzal
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CHAPTER THREE

METHODOLOGY
3.0 INTRODUCTION

This Chapter presents the description of the research process. It provides information concerning

the method that was used in undertaking this research as well as a justification for the use of this

method. The chapter describes clearly the methodology the study used to achieve its prior

objective. Research methodology includes a description of the research design, specification of

target population, sample techniques, illustration of the instrument to be employee for data

collection as well as data analysis techniques.

3.1 RESEARCH DESIGN

The researchers were used Descriptive design approach to achieve and accomplish the research

objectives, because it is easy to validate and provide evidence the trueness and accuracy of the

objectives. Descriptive design was used in this study to acquire data and to provide numeric

descriptions and to describe their opinion.

3.2 Research Approach

The research employed a quantitative approach, utilizing structured questionnaires to gather

primary data. This approach was appropriate as it facilitated the collection of measurable data

to examine the relationship between the research variables effectively.

3.3 POPULATION

The target population for this study was commercial banks in Mogadishu especially three banks,

so that the target populations of this study are employees, consult unions of Salaam Somali bank,
Amal bank, and Premier bank, the reason of taking these three banks are they have significant

role in the economy of the country.

3.2.1 Sample size

Perhaps the most frequently asked question concerning sampling is, "What size sample do I

need?" The answer to this question is influenced by a number of factors, including the purpose of

the study, population size, the risk of selecting a "bad" sample, and the allowable sampling error

(Naing, 2003). So The sample size of this study will be 44, So that the sample size are calculated

as this formula used Slovene’s formula which is.

N
n=
1+ ¿ ¿

n = number of samples

N = total population

e = margin of error

Before research can begin the population must be identified and agreed upon. The target

population is the entire population, or group, that a researcher is interested in researching and

analysing. In some instances, the target population is restricted to exclude population members

that are difficult or impossible to survey of all staff companies, but you can restrict specific

group that you are going to investigate.

3.2.2 Sampling Procedure

The study used stratified random sampling to select the above mentioned forty four (44)

respondents. Formula is written as: n = N / (1 + N (α) 2), Where n = Number of samples, N =


Total population, α = significance level, while the significance level of this study is five percent

(0.05%) therefore:

n = (50/ (1+50*0.052) = 44

The researchers stratified respondents according to their important in Somalia and then used

systematic random sampling to select responding in each.

3.4 Data Collection Methods

The study used questionnaire as research instrument to collect the primary data from the

prospective respondents to achieve the primary objective of the research. Questionnaires are used

since the study intends to collect a lot of data about the relationship between the research

variables in the short period of time. Another apartment reason of using questionnaires was that

most of respondents are educated and literate, and the obtained information can be easily

described in writing.

3.4.1 Validity and Reliability of the Instrument

Research validity is the correctness or credibility of the research findings to ensure validity of the

instruments. The researchers ensured the questionnaires had instructions to be followed and the

questions are written in simple language which the respondents could understand. The content

validity for the instrument is the extent to which the instrument provides adequate coverage of

the investigation questions guiding the study.

3.5 DATA Anaalysis Methods


For the purposes of this study, data was collected by means of questionnaire as a measuring

instrument. The questionnaire was collected by hand, as it allows assisting the respondents to

answer what they want to shed light on.

3.6 ETHICAL CONSIDERATIONS

The researchers expect some of the respondents would not answer the questionnaire properly or

correctly and tight schedule of the respondents. Some of the respondents were not willing to

share with the researchers some of the information that they considered confidential but the

researchers promised to keep the information got as confidential and only to be used for

academic purposes.

Choice of sample population also caused a limitation, but the researchers tried to choose a

sample population that is truly representative in terms of statistics and large enough to give a true

picture of the whole population. Also there will be language barriers that cause misunderstanding

by respondents because the questionnaire is written by English language.

3.7 Limitations of the Study

The study faced several limitations, including: Non-Responsiveness: Some respondents did not

answer the questionnaire properly or within the allocated time. Confidentiality Concerns:

Some respondents hesitated to share information they deemed confidential.

Language Barriers: The questionnaire was in English, which may have caused

misunderstanding among some respondents.

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