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All the graphs have close to identical linear lines in the scatter diagrams. The car make with the
steepest gradient is the Fiat, which means that the mileage has a greater value for Fiat cars. The main
reason why I used sampling was as it reduces the time taken to process. I expect all four hypotheses
to be correct because logically if the mileage increases the price of the car should automatically
decrease. It shows a positive correlation between used car price and engine size. When compared to
the Ford Escort, which also has an engine size of 1.4, the percentage depreciation for the Ford Escort
is higher 64.58% (2dp) and also follows the linear line pattern whereas the Ford Puma is secluded
and doesn’t follow the pattern. This is an odd result so I searched what caused this result. The
usefulness of box plots is that they can be easily interpretative and are a constructive way to compare
two or more distributions. We are investigating what is the most influential factor when buying a
second hand car. It shows a positive correlation between used car price and engine size. GCSE
Math's Statistics Coursework Introduction: I have been given a databas. Also the size of the database
is very small and if I could do the survey I would choose a much bigger database. Coefficient of
covariance or r gives a value which can terminate which factor is most important. I will also look at
price depreciation and the mean price depreciation. And this information will be used when I decide
to group my data and to prove my hypothesis is correct. I would provide me working on computer to
avoid biased results and also to get more accurate results. The reason why I have provided the two
charts is because I think it would provide a pictorial view about what is happening. I hope that all
the data will be valid and correct, though human error could be a factor in wrong data, if there are
mistakes in the survey I will point these out in my evaluation. From this I saw that the factor which
had the most affect on second hand price was age and engine size of the car. The cheaper cars
however have got a higher mileage, so this may encourage the price to go lower because I has been
used more. I hope to draw up a formula from this, to calculate the re-sale price of cars given the
three factors. I will then compare my findings and see if there is any similarity between them such as
the older the car the cheaper it will be and the more mileage it has done the cheaper it will be or as I
have mentioned before I will get some vintage cars and skew my data. I have been given instructions
to collect data for my GCSE statistics cours. The method of sampling I will use is fair and easy to do.
I am using this method because it is fair and unbiased. From the graph I can say that as the used car
price increases the new car price increases. The. It is also 10 years old and had has 4 other previous
owners, which means that it has been used more, and this could possibly be the reason for the
Vauxhall Nova to have a low price. Firstly, from face value I can see that all the graphs have a weak
correlation, except for the Fiat graph. I will now remove the outliers so that I can get a more accurate
trendline on excel. Whereas the Vauxhalls that will have a lower mileage will have a higher second
hand price rate than the Fiats and the fords. The factors which I will be using are the age and mileage
of the cars to see how they affect the price.
GCSE Math's Statistics Coursework Introduction: I have been given a databas. I think that
comparing the second hand prices of the cars is not the best way to do so. The reason why I am
providing diagrams for different makes of cars is because to get more accurate results. I will work
out spearman’s coefficient of rank correlation for each scatter graph. All the graphs show some sort
of positive correlation, which means that as the age increases, the percentage depreciation increases
and thus the second hand price decreases. The least most influential factor to the second hand price
of the cars will be the engine size, as it had the most outliers and the graph correlations were not the
same for each car make. All these factors have led to the Rover Club having a higher price. This may
be the case for the other two factors in this project although it may not be for the engine size because
the size of the engine is not an ageing factor (it does not increase or decrease per year). I will now
remove the outliers because they are skewing my data to make the trendline inaccurate, I will also
add the formula of the graph on to the trendline. I shall now investigate further into different
variables that affect the cars. It has an engine size of 1.4 and the percentage depreciation is by
37.64% (2 d.p), which is quite low. Generally as the engine size increases so does the second hand
price, this is a piece of very useful information if buying a new car because if you wish to sell it on
afterwards buying a car with a large engine size will be helpful to you. GCSE Math's Statistics
Coursework Introduction: I have been given a databas. I think that comparing the second hand
prices of the cars is not the best way to do so. First of all I will do the mileage for all the four car
makes and then do mileage for the four cars separately. For that I have to choose the radius for the
smallest pie chart and work out the radii for the other pie charts based on the previous ratios and my
chosen radius. It has an engine size of 1.4 and the percentage depreciation is 82.14 (2dp), which is
very high when compared to the other Vauxhalls, which have an engine size of 1.4. The Vauxhall
Nova has a high mileage of 75000, which may decrease the value of the Vauxhall Nova. This means
that the cars in the other 50% are outside the Interquartile region and other factors may apply to
some of the cars, which makes them more expensive and cheaper than other cars. With the data I am
going to determine whether my hypotheses are right. After I have investigated some of the attributes,
I will then draw up another hypothesis and see what will happen at the second half of my
investigation. This will show me what sort of correlation the graph has, whether positive or negative
and how strong it is and also become apparent with the line of best fit. I am not too happy with this
graph due to the trendline appears to have been drawn wrong by the outliers Bentley Rolls Royce.
Therefore, I will use percentage depreciation when comparing the new and second hand prices of
cars. The factors which I will be using are the age and mileage of the cars to see how they affect the
price. Also the size of the database is very small and if I could do the survey I would choose a much
bigger database. The data can be produced of cumulative frequency graphs or can be raw data.
However, as I look at the mitsubushi, it is only a couple of hundred pounds more and it as only had
one owner, this has confused me and my hypothesis is on 50% correct. This may belong to a person
who does not like driving a lot. This means that the cars in the other 50% are outside the
Interquartile region and other factors may apply to some of the cars, which makes them more
expensive and cheaper than other cars. Each individual is chosen entirely by chance and each
member of the population has an equal chance of being included in the sample.
This tells us that as the mileage of car increases, so does the percentage depreciation, which means
that the higher the mileage the cheaper the second hand price for a car. By the end of the coursework
I am aiming to have a set of results about how the cars are affected by the age, price and mileage. So
I can get a good representation of the complete population. For this coursework, histograms will
show the frequency density of the cars for each car make. It shows a negative correlation between
used car price and mileage. If you look carefully at the trend line, you will notice that when the car is
young i.e. has been used for 1 or two years, its price declines drastically but as it gets older, its
second hand price reduces steadily. I also would have proved using coefficient of covariance that age
is the factor that affects the second hand price the most. The reason why I am providing diagrams
for different makes of cars is because to get more accurate results. I would compare the mean,
median and mode to support my hypothesis. I think this because the value of cars will go down in
age. For this coursework, histograms will show the frequency density of the cars for each car make. I
am going to investigate the effects of used car selling prices. The data can be produced of
cumulative frequency graphs or can be raw data. Median is vital since in some cases it is the best
average to use as it gives the middle value meaning it is not affected by extremely large values in a
data where the rest of values are small. I am aiming to go slowly my making different diagrams at
different times so there would be no confusion, so therefore I would be going on to pie charts. I
expect all four hypotheses to be correct because logically if the mileage increases the price of the car
should automatically decrease. I will proceed with this method for all four car makes. This will show
me what sort of correlation the graph has, whether positive or negative and how strong it is and also
become apparent with the line of best fit. It shows a positive correlation between used car price and
engine size. Nxst I will use cumulative frequency graphs to compare prices of small, executive and
sports cars. Statistics: Factors Affecting the Price of Used Cars. Firstly, from face value I can see that
all the graphs have a weak correlation, except for the Fiat graph. The reason why I have provided the
two charts is because I think it would provide a pictorial view about what is happening. The same
thing is with -1 which indicates that the correlation is negative. Its function is to estimate the
percentage depreciation rate for the second hand price car, taking into account all the input values,
and then work out a gradient, which tells us a lot about the relationship between the two variables the
graph is based upon. It has an engine size of 1.4 and the percentage depreciation is 82.14 (2dp),
which is very high when compared to the other Vauxhalls, which have an engine size of 1.4. The
Vauxhall Nova has a high mileage of 75000, which may decrease the value of the Vauxhall Nova.
Also it means that high maintenance will be required for the car to stay working whereas a car with
a low mileage wouldn’t entail as much maintenance. My sample was very useful as it allowed me not
to be bias in the cars I choose. Other factors may also imply for the Rover Club, such as mileage.
The main reason why I used sampling was as it reduces the time taken to process.
The table shows the mileage, age, used car price and engine size of Fiat cars. What I see here may
not be the same on the population as the sample is very small and also I had used more Vauxhalls
then Renaults. GCSE Math's Statistics Coursework Introduction: I have been given a databas. The
correlation was quite weak for most factors in the population and the samples because there were
many other aspects affecting the second hand price for example the model of the car, the length of
MOT, the insurance groups and the style. For this coursework I will be using the following three
factors in order for me to investigate what effects the price of a second hand car. Rover has the
steepest gradient, which suggests that age has a higher value for Rover than any other car make. I
think that this is because an older car would have been driven more than a new car and therefore it
would be a higher mileage. There were also a few cars which were in my population which were
extremely expensive compared to other makes such as porches and Mercedes. I am investigating
whether the mileage has an effect on the second hand price. I can simply take ten of each car to
make 40 but this will not fair because we have 10 Fiat cars and this means that all ten of the cars
have to be chosen. As the car got older the second hand price decreased again and as the engine size
got bigger the second hand price got higher. It shows a negative correlation between used car price
and age. It shows the mileage, the age, the used car price and the engine size. This will nearly always
be the case because there will always be cars that gain with mileage and those that will lose money
with mileage. I would provide my entire hypothesis to get more accurate results and also to include
my prediction. The usefulness of box plots is that they can be easily interpretative and are a
constructive way to compare two or more distributions. To choose which cars will be included in my
sample of 40, I have arranged the cars in order of frequency. It is easy t gather information about
what car is the most and less. Example, looking at the rover, it has a 2.3 engine at 6999. But looking
at the other rover, it has a size of 1.6, but is only 4995, this could mean that the engine size does
affect the price of the car. I am going to look at price, engine size, mileage, and age of the car. From
the samples we can tell that as the car gets older the second hand price get lower, the population also
shows this to some extent but has a few differences because there are some extremely expensive cars
included. I now need to randomly select the 40 cars from the four makes. These are a useful way of
representing the range, the median and the quartiles of a set of data. So I have proven my hypothesis
right because the older the car is the cheaper it is. Therefore, I will use percentage depreciation when
comparing the new and second hand prices of cars. The car make with the gentlest gradient is the
Rover, which tells us that it is least influenced by mileage. Secondary data is data that is not collected
by the person who uses it. I am not too happy with this graph due to the trendline appears to have
been drawn wrong by the outliers. The car make with the largest Interquartile range is the Ford. I
will then compare my findings and see if there is any similarity between them such as the older the
car the cheaper it will be and the more mileage it has done the cheaper it will be or as I have
mentioned before I will get some vintage cars and skew my data.
Firstly I will do Fords, as they are the most numerous of all the cars in the table. It is also one year
old which is the lowest out of all the Rover cars, and this could be the reason for the second hand
price being high. Even though Rover has the largest spread, it also has the smallest Interquartile
range. I will also look at price depreciation and the mean price depreciation. I have been given
instructions to collect data for my GCSE statistics cours. When compared to the Ford Escort, which
also has an engine size of 1.4, the percentage depreciation for the Ford Escort is higher 64.58% (2dp)
and also follows the linear line pattern whereas the Ford Puma is secluded and doesn’t follow the
pattern. I am not too happy with this graph due to the trendline appears to have been drawn wrong
by the outliers. This make also has a wider range of second hand prices. I have repeated this scatter
graph with a different sample of data and there was still no correlation. I will now remove the
outliers because they are skewing my data to make the trendline inaccurate, I will also add the
formula of the graph on to the trendline. The Ford also has a higher inter quartile and upper quartile
range. Therefore, I will use percentage depreciation when comparing the new and second hand
prices of cars. I will now use the Ford data to compare price to age. Statistics: Factors Affecting the
Price of Used Cars. I will intercept the meaning of gradient and use it to compare depreciations. It
shows a negative correlation between used car price and mileage. The graphs (except for Fiat) show
similar gradients to the population. I will then multiply that’s number by the frequency of the car e.g.
I will multiply the number by 16 for the fords. I will now remove the outliers so that I can get a more
accurate trendline on excel. However, if we calculate the percentage depreciation, the Fiat Bravo has
depreciated by 53.8% whereas the Fiat Uno has depreciated by 78.2%. So in actual fact the Fiat Uno
decreased most in price when compared with the Fiat Bravo. Rover has the steepest gradient, which
suggests that age has a higher value for Rover than any other car make. This is because these cars are
most common cars in the population and the other cars have single models so the results will not be
reliable. My aim is to look for a correlation in the separate investigations and perhaps if I can draw
any conclusions or maybe find a formula or prediction for a particular investigation that will work for
all or most cars. E.g. if from mileage, price when new and age I can calculate the current second
hand price. Every possible sample of a given size has the same chance of selection; i.e. each member
of the population is equally likely to be chosen at any stage in the sampling process. If I did the
investigation by hand I would have chosen a sample of 100 cars of about 20 being picked at random
using every 5 th car as a sample and picking where to start counting at random by putting the
numbers lets say the numbers 1-5 in a hat and pulling one out at random, But however I have been
given the data on excel. I will now use the Ford data to compare price to age. It is easy t gather
information about what car is the most and less. At present there are no outliers for mileage against
the four car makes. The trend line I added shows a slope going upwards from left to right. GCSE
Math's Statistics Coursework Introduction: I have been given a databas.