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Name: Dondre Hillocks

Subject: Mathematics

Teacher:

Date Due: 16th October, 2017

Topic: Currency Conversion Rate

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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ACKNOWLEGDEMENT
I would like to express my special thanks of gratitude to my teacher (Name of the teacher) as
well as our principal (Name of the principal) who gave me the golden opportunity to do this
wonderful project on the topic Currency Rate Conversion, which also helped me in doing a lot
of Research and I came to know about so many new things I am really thankful to them.
Secondly I would also like to thank my parents and friends who helped me a lot in finalizing this
project within the limited time frame.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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TABLE OF CONTENT

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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PROJECT TITLE
To investigate and to find out how much Eastern Caribbean Dollar (E.C) is equal to in United
States Currency (U.S), how much First year Vincentian Student Nurses converted in September
via online shopping on a four hundred dollar spending as oppose to spending in the economy.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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PURPOSE OF THE PROJECT

Exchange rates: are the amount of one currency you can exchange for another. For example, the
dollar's exchange rate tells you how much a dollar is worth in a foreign currency.

Online shopping has become popular amongst Vincentian population especially amongst
students of higher learning that being: St. Vincent and the Grenadines Community College
members. Therefore, the researcher chose this topic to find out the if its cheaper shopping online
or shopping in St. Vincent and the Grenadines.

The benefit of doing this research is that data would be analyze on the First Year Registered
Nurses preference of spending and show how much E.C was converted to U.S in the month
September. Source as mention would be First Year Student Nurses at the Division of Nursing
Education.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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METHOD OF COLLECTION
OF DATA
The St. Vincent and the Grenadines Community College Division of Nursing has a population of

over two hundred Training Registered Nurses. A sampling frame of fifty-two students all from

First Year was chosen for the sampling due to the fact that they are generally the younger ones.

A sample (n) of thirty students was selected to carry out the investigation. Data was collected via

questionnaires and interview. Questionnaire allows for firsthand information, they are easily

administered and they are less time consuming. A random sample of thirty student was taken

which consist of four males and twenty-five females. On the other hand, interview gives the

researcher the ability to gather extra information with persons knowing.

The method of data collection was judged to be appropriate due to the fact the questionnaire can

be structured to gather only the information necessary for the investigation. There were no flaws

because the questionnaire was given to randomly chosen respondents so as to prevent bias. In

addition, the questions were clearly stated to prevent confusion so that they could be easily

answered.

The research was carried out on the September 4th, 2017. Thirty (30) questionnaires were given

to the students that were randomly chosen for the investigation and all were completed and

return.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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PRESENTATION
OF
DATA

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Figure1: Table showing number of respondents and their gender.

SEX RESPONDANTS
MALE 5
FEMALE 25

The table shows the gender of the respondents who were chosen for the
investigation.

Figure 2: Bar graph showing the number of student who engage in type of shopping.

Number of Students
16

14

12

10

0
OLINE Shopping Island Shopping Both
Series 1 15
Column2 8 7
Column1

The above bar graph shows the number of students which shopped online, island shopped or both
in the month of September. There are fifteen students who spend their money via online
shopping, eight did island shopping (8) and seven (7) did both online and home shopping.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Figure 3 : Showing the amount of money spent on online

shopping, island shopping or both.

$400

$400

$400

0 5 10 15 20

$400 $400 $400

Both
Island Shopping 8 2
Online Shopping 20

Both Island Shopping Online Shopping

The above diagram shows the amount of money spent on online shopping, island shopping and

both. On a $400 spending we see that twenty (20) person converted E.C to U.S online shopping,

whereby eight (8) did not convert into U.S and two (2) converted to U.S plus spend island wise.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Figure 4: Pie chart showing why student buy

products online.

9%
EXPENSIVE
18%
INEXPENSIVE
0% CANT FIND PRODUCT
JUST WANT TO
73%

The above diagram shows the percentage of students who chose the various reasons for the

Shopping online. Seventy - three percent (73%) said that its inexpensive, eighteen (18%) said

that its expensive, nine percent (9%) said that because they cant find the product at home and

zero (0%) percent said because they just wanted to order stuff.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Figure 5: Bar Grapph showing the amount of E.C to be

calculated into U.S as of September.

6,000
4,000
2,000 Column3
0 Column2
ONLINE Column1
ISLAND
SPENDING BOTH
SPENDING

ONLINE SPENDING ISLAND SPENDING BOTH

Column1 6,000
Column2 3,200
Column3 400

The figure above shows the amount of E.C to be converted to U.S for the month of September.

The students who engage in online shopping spend a total of six thousand four hundred (6,400)

dollars in E.C, while three thousand eight hundred (3,800) spend the money island shopping.

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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ANALYSIS
OF
DATA
Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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CENTRAL TENDENCY

The figure below shows the TOTAL money of thirty student for spending:

$100 $400 $50 $100 $400 $400 $50 $250

$400 $50 $100 $300 $400 $400 $50 $400

$400 $400 $400 $400 $400 $400 $400 $400

$400 $400 $50 $100 $400 $400 $200 $100

$400 $200 $200 $200 $100 $200

Mean: 208 /30 = 6.9333%

Mean average of student spending money in September = 6.9333%

Mode: Mode= $400 The most frequent money spent = $400

Median: Median position= (n+1) = 1/2(200+1th) = 1/2(401) = 200.5 = 21

(21 spending = $400)

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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PROBABILITY

Conditional Probability

In order to ascertain the needed data about whether or not Online Shopping is cheaper than island

shopping, the researcher saw it necessary to conduct a probability test using conditional

probability.

Let G be the event that a student spent an average of 100 % spending online.

Let H be the event that a student spent an average of 400 dollars online.

P (G/H) = P (GnH) = (10/30) = 0.333 = 0.4992 = 333/667

P (H) (20/30) = 0.667

Let G be the event that a student spent an average of 100 % spending online.

Let H be the event that a student spent an average of 400 dollars online.

P (G/H) = P (GnH) = (15/30) = 0.50 = 0.7463 = 50/67

P (H) (20/30 )= 0.67

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Chi- Square

The money used below are average money converted to U.S of student are observed. They are

described as low (below 100), medium (between 100 and 300) and high (above $400).

Money $50 $200 $400 Total

Low 0 1 1 2

Medium 0 3 12 15

High 2 4 7 13

Total 2 8 20 30

Money $50 $200 $400 Total

Low 0.1333 0.533 1.333 2

Medium 1 4 10 15

High 0.867 3.456 8.667 13

Total 2 8 20 30

Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017
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Done by: Dondre Hillocks School: Thomas Saunders Secondary School Teacher: Date: 10/14/2017