Monopoly investigation

What defines how much a property costs? What about its rent? You are going to see how the properties are linked to distance from Go and how this link changes as houses are built.

Section 1 Costs and distance

1. Use the monopoly board to complete the first two columns of the table below. 2. Use the property cards to fill in the rest of the table Property Distance from Go 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 39 38 39 Name Old Kent Road Whitechapel Road Cost Basic 0 Houses 1 House Rent 2 Houses 3 Houses 4 Houses 1 Hotel

60 60

4 8

10 20

30 60

90 180

160 320

250 450

The Angel Islington

100 100 120

12 12 16 20 20 24 28 28 32 36 18 20 36 40

30 30 40 50 50 60 70 70 80 90 90 100

90 90 100 150 150 180 200

270 270 300 450 450 500 550

400 400 450 625 625 700 750

550 550 600 750 750 900 950

Pall Mall Whitehall Northumberland Avenue Bow Street Marlborough Street Vine Street The Strand Fleet Street Trafalgar Square Leicester Square Coventry Street

140 140 160 180 180 200 220

250 250 300 330 330 360 390 390 450

700 700 750 800 800 850 900 900 1000

875 875 925 975 975

1050

260 260 280 300 300

22 22 22 26 26 28

1150 1150 1200 1275 1275 1400

Bond Street

320

Park Lane Mayfair

35 50

70 100

175 200

500 600

1100 1400

1300 1700

1500 2000

3. Should you include the utilities and the stations in your data?

4. Why is there a 0 Houses column?

5. Complete a scatter graph for distance from Go and initial cost. Stick your graph onto this page.

6. Are there any outliers? If so, what are they?

7. Calculate the correlation co-efficient for the Distance/Cost graph

8. Calculate the equation of the regression line and draw it on.

Section 2 Distance and rent

1. Complete a scatter graph for distance from Go and basic rent. Stick your graph onto this page.

2. Are there any outliers? If so, what are they?

3. Calculate the correlation co-efficient for the Distance/Rent graph

4. Calculate the equation of the regression line and draw it on.

Section 3 Cost and rents

In this section you will draw multiple scatter graphs on the same set of axes. Use different colours to distinguish these data series and ensure you scale your axes appropriately. 1. 2. 3. 4. 5. 6. 7. 8. Complete a scatter graph for Initial cost and basic rent. On the same set of axes complete an Initial cost/0 houses graph. On the same set of axes complete an Initial cost/1 house graph. On the same set of axes complete an Initial cost/2 houses graph. On the same set of axes complete an Initial cost/3 houses graph. On the same set of axes complete an Initial cost/4 houses graph. On the same set of axes complete an Initial cost/1 hotel graph. Stick your graph onto this page.

9. Calculate the correlation co-efficient for each data series.

10. Calculate the equation of the regression line for each series and draw it on.

11. Which Data series has the strongest correlation? How do you know?

12. Create 4 new properties to replace the 4 stations. They should follow your regression lines closely for each stage (Distance/Cost, Cost/Rent, Cost/# houses etc.)