Gary's Car Sales.
Gary's Car Sales My task for this coursework is to statistically analyse the data given to me regarding Gary's used car sales. I shall begin with looking at the data. The following data was given to me. No. Price Price when New Age Make Mileage Engine Size £6,970 £11,600 3 Ford 24,000 .6 2 £3,350 £7,100 7 Peugeot 85,000 .1 3 £3,995 £13,800 6 Ford 52,000 2.0 4 £5,300 £16,300 6 Vauxhall 70,000 2.0 5 £6,500 £8,700 3 Fiat 24,000 .2 6 £1,500 £8,700 9 Vauxhall 82,000 .6 7 £995 £8,500 9 Ford 02,000 .8 8 £3,000 £10,400 7 Vauxhall 63,000 .7 9 £7,495 £9,770 Vauxhall 8,000 .4 0 £850 £7,540 0 Ford 24,000 .6 1 £5,595 £11,000 4 Ford 41,000 .6 2 £4,995 £9,880 3 Ford 34,000 .4 3 £5,595 £14,000 4 Ford 55,000 .6 4 £4,995 £11,500 4 Rover 40,000 .4 5 £2,600 £12,000 7 Rover 82,000 .6 6 £1,000 £6,200 0 Peugeot 19,000 .1 7 £750 £5,100 1 Peugeot 96,000 .0 8 £1,350 £9,140 8 Ford 08,000 .6 9 £2,950 £17,750 8 Ford 96,000 2.9 20 £3,250 £9,990 7 Vauxhall 86,000 .6 21 £5,650 £11,150 3 Vauxhall 34,000 .6 22 £4,600 £7,300 2 Rover 7,000 .1 23 £5,400 £7,300 Rover 1,000 .1 24 £4,800 £7,300 Rover 26,000 .1 25 £2,700 £13,000 5 Fiat 51,000 2.0 26 £11,000 £13,800 Peugeot 9,000 .8
Factors affecting price of Used Car
Introduction I have been given a coursework with secondary data that contains different types of car makes, each with different models. The data has all the mandatory information of a car. These are; colour, age, mileage, engine size, both price when new and price when used. My objective is to find out which of the factor/s mentioned above has/have the most effect on the price of a used car. Hypothesis A car is considered to be used when it has been travelled with. Travelling consumes time and consequently increases the mileage of a car. I therefore predict that the older a car gets, the more distance it covers and hence undoubtedly the less it will cost in the market. Method of Enquiry I am going to carry out an investigation applying all my mathematical and general knowledge to analyze and find out the factor/s affecting the price of a second hand car. Since the data I have is of two types i.e. Qualitative data (involves names and words e.g. black, blue, yes and no) and Quantitative data (involves numbers and figures), this makes it very complex to work on. I will refine my data so that I will work on only the major factors, which affect most and then later on I will break them further into small bits so that I will remain with a maximum of two factors. The reason for doing this is because some of the information contained in the data is hardly of any use to help me
Statistics: Factors Affecting the Price of Used Cars
Statistics Coursework Factors Affecting the Price of Used Cars Aim: The aim of my investigation in this coursework is to find out if the factors, age and mileage affect the price of used cars and to what extent. Introduction: I am going to investigate the factors that affect the price of used cars. Many previous statistics collected by other people state that the age and mileage of used cars affect its price the most. Because of this, I want to investigate these factors to see if it is true or not therefore, I will not investigate any other factors such as make, model, fuel, colour, engine size, previous owners and tax. My investigation will help people find a good deal when buying a used car because they will know what decreases the price and roughly how much a used car should cost. Furthermore, I want to buy a car after I have passed my driving test so the results I get after I carry out my statistical project will help me save money when buying a car because I will be able to determine which car is good value for its price. I am going to get my data of used cars from a primary source to carry out my investigation. I am going to go on a car website selling used cars to collect the data I need. This will ensure my investigation will be up to date and trustworthy. I will be collecting data on certain cars because I need to keep other factors the same to make the
The aim of this project is to investigate which factors influence the costs of second hand cars. The makes we were looking into include Ford, Peugeot, Renault and Vauxhall.
Write Up The aim of this project is to investigate which factors influence the costs of second hand cars. The makes we were looking into include Ford, Peugeot, Renault and Vauxhall. To aid us with our research, we were given a bank of secondary data of one hundred and ninety nine cars. Along with these cars, we were given nine variables for each car; colour, engine size, petrol/diesel, year of manufacture, mileage, cost, preliminary cost, make and model. We later had to add an age column for each. We have been asked which features make most difference. My predictions for which makes the most difference are as follows: FACTOR IMPORTANCE RANGE . Age most important factor 1yr-16yrs 2. Mileage 1200-150,000 3. Cost 375-132,500 4. Petrol/Diesel Petrol/Diesel 5. Engine size 1,000-2,500 6. Year 1989-2002 7. Model 106-Vectra 8. Make Ford-Vauxhall 9. Preliminary Cost 6,000-20,020 0. Colour least important factor Black-Yellow Looking through the data, I can see that it is not perfect. There are many missing fields of data, and I had to remove one rogue piece of data, being a Renault Laguna. I knew it was not right from my general knowledge of cars, the price being too high. I will draw up scatter graphs, histograms and cumulative frequency curves (for cost compared with the whole population's age followed
Statistic coursework-what has the most influence on the price of a second hand car?
Statistic coursework-what has the most influence on the price of a second hand car? Introduction The aim of this coursework is to investigate what factors influence on the price of a second hand car. There are many factors, which can influence on the price of a secondhand car. Such as cost when new, mileage, age, engine size etc. I chose to use mileage, cost when new, and make for this piece of coursework. The reasons I had chosen these three factors are many previous statistics collected by other people state that the cost when new, mileage and make of cars affect its price the most. As a result, I want to investigate these factors to see is it true or not therefore other factors like engine size and color would not be one part of the investigation. I will use data provided by the exam board, as its reliability is high. With the data, I will try my best to analyze and investigate any possible correlations between them and the other factors. Hypotheses . Will the mileage increases, the price decreases 2. Will Mercedes depreciates slower in value than ford Method The exam board has provided me a database of 204 cars to help me in this investigation. However, I will not use all 204 cars because it will be too time consuming. Instead, a sample of 38 cars for each make would be appropriate because it will be much easier to work on a sample of 38 cars and if there is a
What affects the price of second hand cars?
Statistics coursework: What affects the price of second hand cars? Planning I will be investigating what affects the price of second-hand cars. To do this I will be choosing 4 cars makes at random and then using different models made by those people as part of my investigation. I will then investigate 5 lines of inquiry, which will be: * Fuel * Mileage * Engine (size in cc) * Insurance group * Age I have chosen these because I think that these factors are what most effect the price of a second hand car. First I'll need to write a Hypothesis, which is what I think that I will find out from the investigation. Then I will find out all about the models for each make I choose. Ill need to record the price of them and then record the data for each line of enquiry I have chosen. Then I'll need to put all this data into tally charts. Then I'll make graphs out of the tally charts. I'll be using frequency graphs to look at peak and spread and I'll use Scatter graphs to find relationships between data. I will analyse these graphs and see how useful they are at answering my question. I will also turn my results into averages and then compare the averages to see which of my lines of enquiry effects the price of a second hand car the most. After I have analysed each graph I will write an evaluation on the analyses to say how I could improve them, what other lines of enquiry I
This piece of coursework is designed to test the use and interpretation of statistics in relation to used car prices.
MATHS COURSEWORK: USED CAR PRICES This piece of coursework is designed to test the use and interpretation of statistics. My investigations will include scatter diagrams and correlation. I will also use cumulative frequency curves to achieve the best mark possible. During this investigation I will try to out what influences the price of a second hand car. I have been given a database, which contains information about some used cars. The database includes many different makes of cars, their length, no of doors, air conditioning, engine size, mileage and more. All these features have been included to find out whether or not they affect the price of used cars. Hypotheses . I predict that the original price of the car will affect the price of the car when second hand. This is because, for example, after one year, a car with an original price of £40,000 would be expected to cost more than a car after one year with an original cost of £10,000. 2. I predict that the age of a car will also influence the second-hand price of a car. The older the car, the bigger the decrease in value. 3. I predict that the mileage of a car will make a considerable difference to the price of a car, as the higher the mileage, the less value the car will have. 4. The number of owners that a car has had may also cause a decrease in value as the condition of the car may vary. 5. Finally, I
The business magnates of 1898 to 1929 began a transformation of business and industry that has lasted through the ages.
Speech: - The business magnates of 1898 to 1929 began a transformation of business and industry that has lasted through the ages. They brought growth and wealth to the economy, which had never before been reached by American society. They introduced new methods of business, and came up with invention after invention. This remodelling of industry began to speed up the flow of the U.S economy, and the country began to gain not only national but international power. This rich got richer and sort new ways to gain profit, the poor got poorer and sort new ways to improve their lifestyles. Consumerism was the drive of this economic boost, and significant figures such as Henry Ford and John D Rockafella, caught onto this drive and used it to build prestige and wealth for themselves and also others. Henry Ford launched Ford Motor Company in 1903, which now has reached 100 yrs of automotive achievement and has business set up all around the world. J.D Rockafella founded The Standard Oil Company in 1870 and dominated the oil industry for years to come. He used some of his wealth to fund new foundations and research, in order to better the lives of Americans. These are just two examples of significant business magnates of late 19th and early 20th century America. Henry Ford, born in 1863 and died in 1947, was brought up in the farming lifestyle, and grew to dislike it. When he turned
Theory of Whether The Age of a Car Is Directly Proportional To It's Depreciation
Hypothesis 1 Age of Car I shall now be trying to prove whether the age of the car is directly proportional to the depreciation. To test this theory I shall be using a cluster sample. I decided to use the Ford Cars sample because it has a range of cars from the age of 1 - 8 and this may help to get the information more accurate. I shall also be using a sample of Fiat cars to see if my answer is conclusive. Ford Cars Age (Years) Price when new Price Now Price lost % Loss £16,000 £7,999 £8,001 50% 2 £14,505 £8,800 £5,705 39% 3 £13,230 £8,250 £4,980 38% 4 £17,780 £7,995 £9,785 55% 5 £15,405 £3,995 £11,410 74% 6 £9,995 £2,995 £7,000 70% 7 £13,183 £3,495 £9,688 73% 8 £7,310 £1,050 £6,260 86% Fiat Cars Age (Years) Price when new Price Now Price lost % Loss £10,954 £6,795 £4,159 38% 2 £10,810 £4,995 £5,815 54% 3 £7,864 £4,500 £3,364 43% 4 £8,601 £3,995 £4,606 54% 5 £10,351 £3,495 £6,856 66% 6 £10,423 £1,295 £9,128 88% 7 £8,272 £1,500 £6,772 82% 8 £6,864 £1,495 £5,369 78% To find out the percentage loss of a car I used the formula below: I then transferred the data from the tables and then added it to the scatter diagrams. This scatter diagram displays the information on the Ford Cars table. This scatter diagram displays the information on the
Marketing Strategy Of Ford
Marketing Strategy Of Ford Marketing Strategy of Ford Motor Company Ford Motor Company was built on superior products and that still exists today. They have an exceptional line of cars and trucks, which ranges from the Model-T to today's Ford Focus and F-Series, the best selling car and truck in the world. Their current product line up is the strongest in their history and is still getting stronger. This year they added the new Ford Explorer, Thunderbird and Expedition in North America, Ford Fiesta in Europe, the new Lincoln Blackwood and Navigator, Land Rover Freelander and Range Rover, Jaguar X-Type, Aston Martin Vanquish, Mercury Mountaineer, and the Mazda Sport Wagon. These vehicles will help distinguish them from their competition. All of their products and services benefit from their diverse family brands. They acquired the Land Rover in 2000, 1999 they acquired Volvo and Kwik-Fit, 1989 they acquired Jaguar, 1987 they acquired Aston Martin and Hertz, and in 1979 they acquired Mazda. This all lends in a hand in building strong, lasting relationships with their customers and to help their business grow. Ford believes that a major factor in their success is their role as a positive contributor to the community. They introduced this plan in early 2000, which was to improve the fuel economy of their sports utility vehicles. They also created the Ford Rouge Center, which