The interaction between (edu) and (internet-time) on PEOU are 0.319 and 0.861 respectively; both figures indicate non-significance. This means that regardless of time on Internet all highest level of education attained there is no difference found in the PEOU of Bitcoin.
| Source |
df |
Mean Square |
F |
Sig. |
Partial Eta Squared |
| Edu |
2 |
1.678 |
1.166 |
.319 |
.037 |
| Internet |
2 |
.216 |
.150 |
.861 |
.005 |
| Edu * Internet |
4 |
.043 |
.030 |
.998 |
.002 |
Table 15: Tests between (edu), (internet-time), and PEOU
A two-way between groups (edu) and (internet-time) analysis of variance was performed to find their effects on rating of PEOU, the interaction affect between (edu) and (internet-time) was not statistically significant, F (2, 60) = 0.030, P= 0.998.
There was a no statistically significant effect for (edu), F (2, 60) =1.16, P= 0.319; and there was a no statistically significant effect for (internet), F (2, 60) =0.15, P= 0.861. The independent variables did not reach statistical significance.
| H3: – Data collected do not reveal if external variables of (edu) and (internet-time) have a relationship with PU of Bitcoin. Tests inconclusive. |
| H41: External variables of: (edu) and (internet-time) have no significant relationship with PEOU of Bitcoin. |
External Relationship Diagram
Figure 11: External Relationship Diagram
The non-significant result of (edu) affecting PEOU can be linked to the ready availability of the internet and information online. Traditional and specialised teaching is no longer limited to a classroom setting therefore levels of digital literacy are not be influenced by levels of education. Furthermore, one can consider the 18.8 % 15-24 age range of the sample; because they are the youngest this group may possess the greatest digital literacy and innovation adoption tendency of the data set regardless of (edu). : External Relationship Diagram
On the other hand, the average amount of time spent on the internet compared with PEOU of Bitcoin showed no significant relationship. According to eMarketer.com (2013) the average US user spent 3 hours 7 minutes online in 2012. Compared to 64.3% of the research respondents replied as spending over 6 hours online. Spending more time online may increase digital literacy yet many reasons may still be uncovered in future research.
The New Exchange 