Table II. Descriptive of mental...

Table II.

Descriptive of mental accounting bias

Mental accounting	Mean	SD	Std. error
2 lakhs and below	15.96	3.516	0.282
2.01 to 4 lakhs	15.60	3.200	0.309
4.01 to 6 lakhs	16.27	3.764	0.486
6.01 to 8 lakhs	15.55	3.161	0.568
8.01 to 10 lakhs	15.39	3.359	0.635
More than 10 lakhs	12.89	3.735	0.504
Total	15.46	3.596	0.172

Mental accounting	Mean	SD	Std. error
2 lakhs and below	15.96	3.516	0.282
2.01 to 4 lakhs	15.60	3.200	0.309
4.01 to 6 lakhs	16.27	3.764	0.486
6.01 to 8 lakhs	15.55	3.161	0.568
8.01 to 10 lakhs	15.39	3.359	0.635
More than 10 lakhs	12.89	3.735	0.504
Total	15.46	3.596	0.172

Note:

Italics represent the p-value is less than the alpha value of 0.05 hence rejected at 0.05 level

Source: Author calculations using ANOVA test in SPSS

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