NATIONAL ECONOMICS UNIVERSITY

INTERNATIONAL SCHOOL OF MANAGEMENT AND ECONOMICS

HIGHER NATIONALS
BTEC HIGHER NATIONAL DIPLOMA IN BUSINESS (RQF)

Unit Code, Number and Title R/508/0570 RQF - Unit 31: Statistics for Management

Semester and Academic Year Semester 2 / Academic year 2021 – 2022

Nguyen Manh The/ Nguyen Thi Thu/

Unit Assessor(s) Nguyen Thi Lien/ Nguyen Huyen Trang

Assignment Number and SFM A1.1: Individual written assignment (Assessment 1 of 2)

Title
Issue Date Friday, 22nd April, 2022
Submission Date 10.00 am on Tuesday, 17th May, 2022

IV Name Ho Hoang Lan

IV Date 22nd April, 2022

Student name Nguyen Duy Anh

NEU Student ID 10200001 Pearson ID

Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who
break the rules, however innocently, may be penalised. It is your responsibility to ensure that you
understand correct referencing practices. As a university level student, you are expected to use
appropriate references throughout and keep carefully detailed notes of all your sources of materials for
material you have used in your work, including any material downloaded from the Internet. Please
consult the relevant unit lecturer or your course tutor if you need any further advice.

I certify that the assignment submission is entirely my own work and I fully
Student declaration understand the consequences of plagiarism. I understand that making a
false declaration is a form of malpractice.

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Student(s) name(s) /
Signature
Duy Anh Date: Tuesday, 17th May, 2022

Submission format and Instructions:

This assignment (Assessment 1 of 2) covers Learning Outcome 1, 2 & 4 (LO1, LO2, LO4).

 This is an individual assignment.

 The submission format is in the form of an E-report. Please refer the Student handbook
(Vietnamese version, Appendix 2) for the Assignment submission rules.
 The file on Turnitin must be in Word format and include the first page of this cover sheet. The
first page of the cover sheet should be in the picture format in order to ensure the accepted
similarity of Turnitin.
 The similarity allowed is up to 30% after excluding references.
 Name of the file includes Student ID_Unit name_Assessment no. (E.g. “1010001_SFM_A1.1”)
 Ensure that authenticity declaration has been signed electronically.
 Plagiarism is unacceptable. Students must cite all sources and input the information by
paraphrasing, summarising or using direct quotes. A Referral Grade is given when Plagiarism is
identified in your work. There are no exceptions.
 Your evidence/findings must be cited using Harvard Referencing Style. Please refer to
Reference guiding posted on Moodle. The Reference page is compulsory to upload on Turnitin.
 This assignment should be written in a concise, formal business style using Arial 11 or Times
New Roman 13 font size and 1.5 spacing.
 The word limit is 3,000 words (+/- 10%).
 You MUST complete and submit softcopy of your work on the due dates stated on Assignment
brief. All late work is not allowed to submit. This rule is not waived under any circumstances.
Read ALL Instructions on this Page and review the Pass, Merit and Distinction criteria carefully. To
pass the assignment, you must achieve ALL the Pass Criteria outlined in the marking sheet. To
achieve a Merit, you must achieve ALL the Merit criteria (and therefore the Pass criteria). To achieve
a Distinction, you must achieve ALL the Distinction criteria (and therefore the Pass and Merit criteria).

Unit Learning Outcomes:

LO1 Evaluate business and economic data/ information obtained from published sources
LO2 Analyse and evaluate raw business data using a number of statistical methods
LO4 Communicate findings using appropriate charts/ tables

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Assessment Brief and Guidance:

Assignment: Individual essay

1. Data description:
The excel file attached (named “House Price Data Project”) contains data about property
prices and some characteristics of the properties. Data is available for 9151 property sales in
Bristol during the years 2019 and 2020. The data has been retrieved from London Datastore:
https://data.london.gov.uk/dataset/house-price-per-square-metre-in-england-and-wales
Meaning of variables are as follows:
------------------------------------------------------------------------------------------------------------
price Sale price in £
size Total floor area in square meters
numberrooms Number of habitable rooms
year Year when the sale was completed
age Age band when building part constructed
current_energy_efficiency Current energy rating of the property
potential_energy_efficiency Potential energy efficiency rating of the property
detached = 1 if property type: detached house (HAI BIẾN QUALI)
flat = 1 if property type: flats/maisonettes
postcode Postcode information of the property
------------------------------------------------------------------------------------------------------------
The main objective of this project is to explore the key variables in the data set and evaluate
the relationship between the price of houses and other characteristics. The requirements
below are the guidelines that you need to complete. You can do more analysis to explore the
data if you find something meaningful.

2. Requirements

 Part A: Evaluate business and economic data obtained from published sources. – Chapter 1-
2-3
- Go into the above website to find out related information on the data collected. Write a
short paragraph to describe the data including how, when, and where the data collected;
what are the variables and their meaning? (Ấn vào web đấy rồi mô tả lại)
- Suggest the method of analysing this data set, focusing on descriptive and inferential
statistics (list all possible analyses you can do).
- Do your own research to find the information to write the review of the following issues in

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 statistics:
- Data sources in Business and Economics.
- Data collection method in Business and Economics (P)
- Critically evaluate the pros and cons of different kinds of data sources in Business and
Economics (M)
- Methods of data analysis: Descriptive statistics and inferential statistics. Critically evaluate
the difference between the two methods and their applications in different contexts (D)

 Part B: Communicate findings using appropriate charts/tables.

- Using summary statistics, tables, and charts to explore each variable and make
comments, (hints: Frequency tables and pie/bar chart for qualitative variables, summary
statistics for quantitative variables – DÙNG DESCRIPTIVE GRAPH).
- Using the appropriate chart and correlation calculation to explore the dependence of price
on size and number of rooms, make comment. Analysis PRICE – SIZE, PRICE –
ROOMS
Nếu hình tập trung nhỏ ở dưới, chặt chẽ ở nhỏ ở dưới  high positive và nếu càng ra xa
thì là không chặt chẽ
- Summarise price by year and type of houses, make comments, and evaluation on the
results (compare mean and standard deviation of price between the year of the sale
completed and between the type of houses). DÙNG TABLE – NORMAL TABLE
- Justify the rationale for choosing the methods of communication. M
- Critically evaluate the use of different types of charts and tables for communicating given
variables. D (PHÂN TÍCH THÊM HISTOGRAM  Phân tích thêm OUTLIERS + PHÂN
TÍCH ẢNH HƯỞNG CỦA CÁI OUTLIERS)

 Part C: Analyse and evaluate business data using a number of statistical methods.
- Using t-test to compare the price of houses that the sale completed in 2019 and
2020.
- Assuming that the price depends on size, number rooms, and year (dummy variable).
Estimate the regression model to consider this dependence and explain the meaning of
each coefficient;
- Evaluate the use of summary statistics done in Part B and the technique of hypothesis
testing in this part. M (ĐÁNH GIÁ Ý B4 + C1)
- Critically evaluate the differences between the use of Regression Analysis to explore the
relationship amongst variables and correlation coefficients calculated in Part B. D

Learning Outcomes and Assessment Criteria

Learning Pass Achieved Merit Achieve Distinction Achieved

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 d
Outcome (ticked) (ticked)
(ticked)
P1 Evaluate the
nature and
M1 Critically
evaluate the
LO1 process of
methods of
Evaluate business and
analysis used to
business and economic data/
present
economic information from a LO 1 & 2
business and
data/ range of different D1 Critically
economic data/
information published sources evaluate the
information from
obtained from differences in
published
P2 Evaluate data a range of
different application
from a variety of
sources between
sources using published
sources methods of
different methods
descriptive,
of analysis
exploratory, and
M2 Evaluate
P3 Analyse and confirmatory
the differences
LO2 Analyse evaluate analysis of
in application business and
and evaluate qualitative and
between economic data
raw business quantitative raw
descriptive
data using a business data
statistics,
number of from a range of
inferential
statistical examples using
statistics and
methods appropriate
measuring
statistical methods
association
P5 Using D3 Critically
LO4 appropriate charts/ M4 Justify the evaluate the use
Communicate tables rationale for of different types
findings using communicate choosing the of charts and
appropriate findings for a method of tables for
charts/ tables number of given communication communicating
variables given variables

Formative Feedback: Assessor to Student

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Action Plan

Summative Feedback: Assessor to Student

The group of Students Is Awarded:

Choose One
(*) Referral PASS Grade MERIT Grade DISTINCTION Grade

Name of Assessor: Date of Assessment:

Re-submission Feedback:

The Student Is Awarded a:

Choose One
(*) Referral PASS Grade

Name of Assessor: Date of Assessment:

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 Feedback: Student to Assessor

Signature & Date:

* Please note that grades are provisional. They are only confirmed once internal and external verifiers
have taken place, and the final decisions have been agreed by the assessment board.
* This grade only reflects the result of this assignment, not for the whole Unit.

Correlations
price Sale price in £ numberrooms
**
price Pearson Correlation 1 .815 .662**

Sig. (2-tailed) .000 .000

Sale price in £ Pearson Correlation 1 .772**

Sig. (2-tailed) .000

numberrooms Pearson Correlation 1

Sig. (2-tailed)

**. Correlation is significant at the 0.01 level (2-tailed).

Chiếu ra cái dòng và cột  cách đọc: Corr(Price , Size) = .815**

Xét Correlation Coefficient
 +)  Positive (size tang thì giá tang)
 0.815  High positive
 **  Nếu có “sao”  Yes

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 Không có sao thì là có nhưng ít mối quan hệ hoặc không mối quan hệ  No