¶ … expressive analysis characterized by meanings and processes that are not experimentally measured or examined in terms of mathematical measurements (Leedy, 2012). Quantitative research on the other hand, builds and relies on mathematical methods and procedures, for instance quality, frequency amount and statistical process. This paper will develop three hypothetical research approaches for the Statement of the Problem and the Purpose differences and similarities between the two methods.
Correlational Research
For quantitative study, the correlational research would work well with the Statement of the problem and the purpose of this paper. The purpose of correlational research is to define the associations among two or more variables (Xu, 2011). For instance, for Topic "Alternative Banking" Data would gathered from multiple variables such as the specific banks, customers, employees and managers. The purpose is to use Islamic Banking because other banks have failed and these types of banks have survived financial crisis. The problem is the fact that Islamic Banking is not for everyone so how can it be marketed so that it can appeal to the masses? Once these important variables have been identified, the relations among those variables will then be investigated. Correlational research will investigate a range of factors, including the nature of the relationship between two or more variables such as the customers and employees views on Islamic banking.
Descriptive Research
Descriptive research defines the phenomena being studied which are rather or not alternative banking is more productive (Leedy, 2012). For example, a researcher wants to know why individuals who use alternative banking have a higher rate of success than those compared with individuals using regular banking. To find out the reasons for the differences in banking success rates in these two groups, the investigator will survey customers and employees about customer satisfaction from both banks. Records will be pulled in order...
Descriptive research will give a more hands on account through surveys and interviews as to why alternative banking is more successful in the midst of economic hardships. Surveys and questionnaires will be used because they are a cost-effective way to get input from large groups of individuals in a relatively small time frame.
Phenomenological Study
A phenomenological study is one that focused on descriptions of what individuals experience and how it is that they experience what they are experiencing. The major concern of phenomenological analysis in "Alternative Banking" "how the everyday, inter-subjective world is constituted" (Leedy, 2012) from the participants' point-of-view. In this case, the participants would be those that work in the banks, customers and managers of Islamic Banking and those that are from the traditional banking. The researcher will use an interview to collect the participants' accounts of their experience, or the participants' written or even self-report, or even their aesthetic terms of what they went through in the bank. Phenomenological Study has nothing to do with any type of statistics but just based on peoples experiences whereas Correlational research and descriptive research are not.
Compare and Contrast
Correlational Research, Descriptive Research and Phenomenological Study have some similarities. The different between descriptive (Statistical Research), correlation and Phenomenological research is that the chief objective of this kind of descriptive research is to define the data and characteristics about what is being considered. The idea behind this form of research is to study averages, frequencies, and other statistical calculations (Xu, 2011). Even though this research is highly precise, it does not collect the causes that are supposed to behind a situation. Correlation Research on the other hand is a statistical…
