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First of all I will do the mileage for all the four car makes and then do mileage for the four cars
separately. The types of cars are: small cars, executive cars and sports cars. If this were the case, the
car sellers would give money to those who will buy the car, which does not happen. Also it has
airbags and air conditioning, which increase the value of the car even more. This is called a
compound interest model that is used in banks to calculate the people’s interests. The y-intercept on
this graph means the original depreciation. If my investigation goes well, my hypothesis should be
correct and should expect some outliers. The next table will include the Price decrease divided by the
Age (Year), which will tell me the price drop per year. I will work out spearman’s coefficient of rank
correlation for each scatter graph. What I found difficult in this investigation was the scatter
diagrams and the cumulative frequency. By doing the charts on excel I will be able to plot all the
data on the scatter graph and then draw a line of best fit (trendline) more easily and then compare
between age and mileage because the computer can generate a graph much quicker than if done by
hand. From the graph I can say that as the engine size increases the used car price increases. Same
situation as the one in the graph, relationships between the Price and the Age. Fiat was also the make
that lost the most money quickest. The trend line I added shows a slope going downwards from left
to right. This will be done to see if they have a negative correlation or positive correlation. All my
hypotheses were right which I stated before I started the project. This car could have been affected
because it could have been influenced by other variables such as the brand of the car. The data which
I have collected has proven quite true in my hypothesis and my plan. The same thing is with -1
which indicates that the correlation is negative. This shows that my prediction was correct and as
there are hardly any cars with a very high mileage and there are only a few smaller mileages. I
decided to use Age to predict the value of R, because it affects the Price the most. This is because its
price is much higher than the other cars where it has been used more frequently than the others,
because the mileage is very high. 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. The gradient of the best-fit line is close to 10000, which means it shows that the link is very
close to 10000 miles per year. I will work out mean price and range for each type of car and set out
in a table together for easy comparison. They all show that the bigger the engine size, the higher the
percentage depreciation, apart from the Ford graph. The trend line I added shows a slope going
upwards from left to right. As you can see on the graph, the correlation is still not good enough. This
has been built up from year to year since the beginning when the car had been bought.
Then I will make comparisons of prices using medians and by using interquartile ranges. The next
table will include the Price decrease divided by the Age (Year), which will tell me the price drop per
year. Some cars have higher age than the others so therefore I must divide the Price decrease with
the Age (Year). We are investigating what is the most influential factor when buying a second hand
car. At present there are no outliers for mileage against the four car makes. As you could you see the
line of best fit, which shows us that what happens to the cars. This means they are not linked very
strongly but are linked in some ways. I would investigate a different mileage of different cars to go
into deeper investigation. This also shows that a car that is new depreciates at a faster rate than a car
that is older. So the price depreciates slower as the age goes up. This means both of the variables are
closely linked. The Fiat, Rover and Vauxhall graphs have positive correlation which suggests that as
the engine size increases so does the percentage depreciation, however I would expect the correlation
to be negative, which would show that as the engine size increases the percentage depreciation
should decrease. My maths coursework is based on a spreadsheet with information about cars. 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. 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 trend line I added
shows a slope going upwards from left to right. The weakness of this project is that my sample was
not big enough for the population of cars that are in the U.K right now which are millions. The
diagrams would maintain a clear understanding and show what is happening to the cars and what
people prefer according to their engine size. 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. 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. I will be writing about how mileage, age, used car price
and engine size of different cars affect their second hand prices. I think this because the value of
cars will go down in age. My maths coursework is based on a spreadsheet with information about
cars. I have decided not to calculate the range because it can be misleading as it is affected by
extreme values since it is calculated by highest value minus lowest value. Still one brand (Fiat) is an
odd one out which means it still can’t be said to be a major influence. Also, the public (especially the
younger generation), would prefer to buy a new car because they are much more fashionable to have.
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. RachelPearson36
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present. 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. The gradients were very useful because they helped me to work out how much
a car lost or gained.
But it seems as though only Ford, Peugeot, Vauxhall and Rover’s trends go positive but Fiat is the
only one, which is going negative. 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 then draw box and whisker
diagrams using different colours against one scale. Some cars have higher age than the others so
therefore I must divide the Price decrease with the Age (Year). To see if this is true for all the other
cars I will compare the age and second hand price for my chosen sample. I would compare the mean,
median and mode to support my hypothesis. The graphs (except for Fiat) show similar gradients to
the population. As the car got older the second hand price decreased again and as the engine size got
bigger the second hand price got higher. Also, the public (especially the younger generation), would
prefer to buy a new car because they are much more fashionable to have. First I will start with the
make for Ford and the other makes to get more information. The graph will be the rate of
depreciation against the age. I will be drawing some graphs and then look for conclusions, which can
help me to find a general formula. This is based on variables, and for this investigation, there is no
right or wrong model. Therefore I will conclude that the modal was a success for each brand and
also the one that was the average for all the brands. The cheapest car make to buy is Fiat, perhaps
because it has a smaller engine size on average than the other makes that I investigated. Therefore
Fiat and Ford would belong to someone that drives their cars for long distances. I expect all four
hypotheses to be correct because logically if the mileage increases the price of the car should
automatically decrease. I would provide me working on computer to avoid biased results and also to
get more accurate results. I will first plot the Price Decrease per Year against the Engine Size, and
then the Average Decrease per Year against the Make (Brand) of the cars. And this is obvious
because they both show the same pattern of the line in both graphs. I am investigating whether the
mileage has an effect on the second hand price. I will proceed with this method for all four car
makes. So I think the Age will affect the price most, because it is the most important variable of all
and I think the Engine Size affects the least, however all the variables will affect it in some ways. I
now need to randomly select the 40 cars from the four makes. It is easy t gather information about
what car is the most and less. The car make with the largest Interquartile range is the Ford. It has an
engine size of 1.4 and the percentage depreciation is by 37.64% (2 d.p), which is quite low. In other
words, it shows that for a relatively new car, its price maybe hard to determine by its age. GCSE
Math's Statistics Coursework Introduction: I have been given a databas. I now need to randomly
select the 40 cars from the four makes.
GCSE Math's Statistics Coursework Introduction: I have been given a databas. Also, the public
(especially the younger generation), would prefer to buy a new car because they are much more
fashionable to have. So this special car’s mileage is very high even though its age is very low,
compared to the other cars. I will be drawing some graphs and then look for conclusions, which can
help me to find a general formula. 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). This make also has a wider range of second hand prices.
Ford has the gentlest gradient, which suggests that the age has a lower value on Ford than any other
car make. The trend line I added shows a slope going upwards gradually from left to right. More
complicated model could include more variables, longer calculations, more time will be needed in
order to be much more efficient. It shows a negative correlation between used car price and age. The
car which depreciated the most over the years was Rovers as the trend line on the scatter diagram
had the steepest gradient. I will also look at price depreciation and the mean price depreciation.
When I compared makes I noticed that they had similar trend lines with only a few differences.
Therefore I realised that engine size alone cannot be used to determine price of a used car as factors
such as mileage and age have an impact on the second hand price. But I will plot it anyway to see
whether it has an affect or not. I think this because the value of cars will go down in age. I will now
remove the outliers so that I can get a more accurate trendline on excel. I will be writing about how
mileage, age, used car price and engine size of different cars affect their second hand prices. I would
provide my entire hypothesis to get more accurate results and also to include my prediction. The car
make with the smallest Interquartile range is Rover. For most factors the correlation of between the
population and sample were weak because the sample was not big enough to represent the
population. I shall now investigate further into different variables that affect the cars. The graphs
(except for Fiat) show similar gradients to the population. Other factors may also imply for the Rover
Club, such as mileage. I think that comparing the second hand prices of the cars is not the best way
to do so. The next table will include the Price decrease divided by the Age (Year), which will tell me
the price drop per year. What I found difficult in this investigation was the scatter diagrams and the
cumulative frequency. The trend line I added shows a slope going downwards from left to right.
After each of the diagram I would explain how I did the diagram and what people prefer and why. It
shows a negative correlation between used car price and mileage.
The reason is that the larger the engine means that the quicker the car will go and in today’s society, a
fast car would be essential and appeal to a lot of people. Rover has the steepest gradient, which
suggests that age has a higher value for Rover than any other car make. I would’ve used this method
to find the values of r for mileage, age and engine size for all four makes. I will plot a graph showing
the link between the two variables that are the age and the mileage and it is shown in the next graph.
So this time I am going to bring in the Original price instead with the Engine size to see whether
these two variables will have some sort of relationships. GCSE Math's Statistics Coursework
Introduction: I have been given a databas. 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. I have been given
instructions to collect data for my GCSE statistics cours. Then I will plot a trend line that is linear
and then I will find out the equation of that linear graph and then substitute it with the rate of
depreciation, which is R. Firstly I will do Fords, as they are the most numerous of all the cars in the
table. Same situation as the one in the graph, relationships between the Price and the Age. This graph
tells that the average original depreciation is 21.9%. I have been given instructions to collect data for
my GCSE statistics cours. I will use the lines of best fit to predict prices given age or mileage for
each type of car that I have chosen. This could be sales man, who drives from one state to another.
Also, this graph is correct in showing that no matter how old the car is the price will not go to a
negative value. Whereas the Vauxhalls that will have a lower mileage will have a higher second hand
price rate than the Fiats and the fords. At the end of the coursework I would be doing a conclusion
explaining what has happened and why. The trend line I added shows a slope going upwards
gradually from left to right. I would provide my entire hypothesis to get more accurate results and
also to include my prediction. So this time I am going to bring in the Original price instead with the
Engine size to see whether these two variables will have some sort of relationships. I will do this by
putting the data in to a scatter graph. I would provide tally charts for the most popular cars. The
gradients were very useful because they helped me to work out how much a car lost or gained. The
data can be produced of cumulative frequency graphs or can be raw data. More complicated model
could include more variables, longer calculations, more time will be needed in order to be much more
efficient. From this I saw that the factor which had the most affect on second hand price was age
and engine size of the car. Also the size of the database is very small and if I could do the survey I
would choose a much bigger database. From the graph I can say that as the engine size increases the
used car price increases. The table shows the mileage, age, used car price and engine size of Fiat cars.
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. 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 will now remove the outliers so that I
can get a more accurate trendline on excel. When I have completed the graph containing all the cars I
will draw graphs containing specified data specific to different makes of cars such as Fiat and
Vauxhall, I have chosen these because they are the most numerous and will give me the most concise
data out of all the types of cars. The graph will be the rate of depreciation against the age. With the
data I am going to determine whether my hypotheses are right. Also the size of the database is very
small and if I could do the survey I would choose a much bigger database. It shows a positive
correlation between new car price and used car price. On excel I would eliminate the outlier if I need
to get a better line of best fit. 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. The trend line I added shows a slope going downwards from left
to right. It shows a positive correlation between new car price and used car price. I will first plot the
Price Decrease per Year against the Engine Size, and then the Average Decrease per Year against the
Make (Brand) of the cars. So this time I am going to bring in the Original price instead with the
Engine size to see whether these two variables will have some sort of relationships. Using what I
have done so far such as graphs and the data, I will try to find a formula (Model), which can
accurately identify the price of the cars. This will then give me a value and I will choose the car,
which is represented by that value. This table shows the price decrease where the Original Cost
subtracted the Price (Current Price). Where as for cars with low mileages, their prices largely depend
on their mileages. This suggests that the cars are not made for the same market as there is a big
difference in second hand price. This leads me to conclude that Mercedes is more expensive. The
gradient of the curve at any point is a measure of how fast cars depreciate. The reason why I have
provided the two charts is because I think it would provide a pictorial view about what is happening.
Same situation as the one in the graph, relationships between the Price and the Age. It is used to
show how fast the second hand price for each car decreases. The same thing is with -1 which
indicates that the correlation is negative. All these factors have led to the Rover Club having a higher
price. I have decided not to calculate the range because it can be misleading as it is affected by
extreme values since it is calculated by highest value minus lowest value. The outliers could be due to
rare models that go higher in price. I will be investigating the price, age, and mileage of the cars. I
will now move on to compare the factors that affect the price of a second hand car the most.