Used Cars Statistics Coursework

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Writing a coursework, especially on a complex topic like "Used Cars Statistics," can be a challenging

and time-consuming task. It requires a deep understanding of statistical concepts, data analysis skills,
and the ability to present findings in a coherent and logical manner. Here are some of the challenges
you might face:

1. Data Collection: Gathering relevant and accurate data on used cars statistics can be time-
consuming. It requires searching through various sources, ensuring data credibility, and
organizing it for analysis.
2. Statistical Analysis:Interpreting and analyzing statistical data can be challenging,
particularly for those who are not well-versed in statistical methods. Calculating measures of
central tendency, dispersion, and regression analysis may require a solid understanding of
statistical software and methodologies.
3. Research Skills: A coursework on used cars statistics often involves extensive research to
understand market trends, consumer behavior, and industry regulations. This requires the
ability to sift through a vast amount of information and extract relevant details.
4. Writing Skills: Articulating your findings in a clear, concise, and academically appropriate
manner is crucial. Developing a coherent structure, using appropriate language, and ensuring
proper citation are essential aspects of coursework writing.

Given these challenges, some individuals may find it beneficial to seek assistance. If you're facing
difficulties with your coursework, one option is to consider professional help. Websites like ⇒
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important to approach such services with caution and ensure that they adhere to ethical and academic
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Remember, while seeking assistance can be a helpful option, it's equally important to develop your
understanding of the coursework topic. Consider reaching out to your instructors, peers, or utilizing
additional learning resources to enhance your knowledge and skills in the subject matter. Always
prioritize academic integrity and use external assistance as a supplementary tool to aid your learning
process.
The following data will be needed during the calculation of standard deviation. The Client To be
able to predict used cars market value can help both buyers and sellers. The graphs (except for Fiat)
show similar gradients to the population. 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. 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.
My maths coursework is based on a spreadsheet with information about cars. This will show me the
price between the lowest and the highest price of this car make. Secondly, this appears to be a
relatively mid range car; not being a luxury or budget car to either extreme. I didn’t use systematic
sampling or stratified sampling because the amount of cars the website had for sale was limited. It
shows a positive correlation between used car price and engine size. I will only make a cumulative
frequency graph and estimate the above, one particular factor or maybe more than one. The Ford
also has a higher inter quartile and upper quartile range. I now need to randomly select the 40 cars
from the four makes. My maths coursework is based on a spreadsheet with information about cars.
Ford has the gentlest gradient, which suggests that the age has a lower value on Ford than any other
car make. My chosen sample size is 40 because nothing less than 30 gives reliable results. To find the
median we take the middle cumulative frequency (7) and follow the graph down to see what the
median is. Furthermore, I could’ve got data on a vintage car which the price increases as the age
increases. I could’ve went to a different car company that’ has a bigger amount of cars for me to use.
This is an odd result so I searched what caused this result. It has an engine size of 1.4 and the
percentage depreciation is by 37.64% (2 d.p), which is quite low. The car make with the gentlest
gradient is the Rover, which tells us that it is least influenced by mileage. The gradient of a graph is
found by converting the line of best fit into a right angled triangle and dividing the change in y axis
form the change in x axis. The data that is required to produce a scatter graph has been shown below
in a tabular form. The reason why the co-efficient rank of correlation for BMW and Ford has quite a
big difference is probably because the mileage data for both cars had a difference. The same thing is
applicable for cars with small engine size, they might have higher prices then those of larger engine
size and the reason being that it’s still in good condition; still very new and has less mileage. I am
not too happy with this graph due to the trendline appears to have been drawn wrong by the outliers.
If I had more time I could make the project stronger by investigating a separate population for
expensive cars such as Bentley and Rolls Royce. I will not need to find the gradient as the computer
provides me accurate and efficient equations quickly. The information that is required to produce a
scatter diagram is represented below in a tabular form.
This is the same result I got from my BMW data so it makes it more reliable. From the graph I can
say that as the mileage increases the used car price decreases. The graphs (except for Fiat) show
similar gradients to the population. From the frequency table, I can easily tell that there is only one
car with a low mileage and nearly half of them have a high mileage. Since we are picked at random,
we can call this a random stratified sample. I would prefer buying the Fiat make of cars, which has a
not so expensive central tendency. To work this out I looked at the gradient of the line on my scatter
diagram and compared them. There will be no selectiveness process involved, which means that the
investigation is unjust. The positive correlation might have occurred because of the lack of car data
for the car makes, and with more data, I’m sure the correlation would become negative. 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. We know this as there is a wide spread of results
for each age, and mileage correlates almost perfectly with price, so this means that mileage will
increase by an average amount each year, and this will affect price, rather than age. 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. They all show that the bigger the engine size, the higher the percentage
depreciation, apart from the Ford graph. It shows a positive correlation between used car price and
engine size. If I had more time I could make the project stronger by investigating a separate
population for expensive cars such as Bentley and Rolls Royce. I shall now investigate the mileage
of another make of car. I think that comparing the second hand prices of the cars is not the best way
to do so. It shows a positive correlation between used car price and engine size. I shall be plotting
scatter graphs to show clearly the relationship between the both. 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 will then multiply that’s number by the frequency of the car e.g. I will multiply the number
by 16 for the fords. It shows a positive correlation between used car price and engine size. I shall
now investigate further into different variables that affect the second hand price. I will also use box
and whiskers to show the median and compare the ranges of second hand price. In this case, the
gradient measures the depreciation of price per year or mile (depending on the independent variable
measured). This shows me that this is the most frequent price. I feel that the sample was not as
accurate as I had used more cars for some makes than others. The trend line I added shows a slope
going upwards from left to right. This would be ideal to compare to a Vauxhall, which is not top of
the range, but from previous graphs shows it depreciates less than others. The frequency should
always arrange from smallest to largest.
To choose which cars will be included in my sample of 40, I have arranged the cars in order of
frequency. Secondly, this appears to be a relatively mid range car; not being a luxury or budget car
to either extreme. 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. The data that will be needed during this
part of the investigation has been represented below. This shows that the colour does not affect the
second hand price of the car. Therefore I have decided to find the range of the middle 50% of the
data which means it is a better way to measure the spread. From the graph I can say that as the
mileage increases the used car price decreases. This tells us that as the age is 0 the mileage will also
be 0. While this is fine for looking at basic trends, we can see that it does not take into account the
fact that an expensive car which has done a high mileage can have a similar price to that of a cheap
car which has done a low mileage. First of all I will do the mileage for all the four car makes and
then do mileage for the four cars separately. The frequency should always arrange from smallest to
largest. I think this because a car becomes less efficient the more it has been driven. But the second
hand price can also be contributed by other variables, such as the condition or the engine size. Ford
had a mean mileage of 14865.6 whereas BMW had a mean mileage of 63962.1 which is a big
difference. These are a useful way of representing the range, the median and the quartiles of a set of
data. This would have proved which factor influences the second hand price of a car the most. I
have shown a scatter graph below that represents all the data from the car Ford. With the data I am
going to determine whether my hypotheses are right. There were also a few cars which were in my
population which were extremely expensive compared to other makes such as porches and
Mercedes. The Ford also has a higher inter quartile and upper quartile range. 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 investigating whether the
mileage has an effect on the second hand price. If my investigation goes well, my hypothesis should
be correct and should expect some outliers. My maths coursework is based on a spreadsheet with
information about cars. The following are the make of cars that I shall be investigating. If my
investigation goes well, my hypothesis should be correct and should expect some outliers. The trend
line I added shows a slope going upwards from left to right. Furthermore, the mileage decile range
for BMW is 27529 miles and for Ford it is only 11680 miles. The gradients were very useful because
they helped me to work out how much a car lost or gained. 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.
This make also has a wider range of second hand prices. 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. The
positive correlation might have occurred because of the lack of car data for the car makes, and with
more data, I’m sure the correlation would become negative. Over the same period in the UK, petrol
consumption has decreased by 46% (11.7 million tonnes of oil equivalent) and diesel use has
increased by 75% (10.7 million tonnes of oil equivalent). I will also use box and whiskers to show
the median and compare the ranges of second hand price. The gradient provides the depreciation of
Peugeots each year. The factors which I will be using are the age and mileage of the cars to see how
they affect the price. Making short journeys by car causes more pollutants as catalytic converters
designed to reduce these pollutants do not work effectively on trips under 5 miles. These statistics
show that 1 in 3 cars has either a warning or failure, so you should always take precautions when
buying a used vehicle, this doesn’t just apply to consumers but also to anyone who is in the
automotive industry. 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. A normal working class person that
travels to and from work every weekday would most probably drive the Fiat. I am going to go on a
car website selling used cars to collect the data I need. When compared to the other Ford cars, the
Ford Puma has a relatively low age and one previous owner; this could be the reason why it is low in
price. I am going to analyse the given data from a used car sales person to see wh. I think that the
colour has no affect on the second hand or even the new price of the car, but I shall be investigating
only with the second hand price of the car as the question has asked me to. The table shows the
mileage, age, used car price and the engine size. It shows a positive correlation between new car price
and used car price. Statistics: Factors Affecting the Price of Used Cars. From the graph I can say that
as the age increases the used car price decreases. By looking at the graphs it can be noticed that
Peugeot retains most value and depreciates the slightest from all other makes of cars. 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. In this coursework I will be comparing the
second hand prices of cars, using different factors. It shows a positive correlation between used car
price and engine size. The price mean and median is quite close together with around a 300
difference. I think that comparing the second hand prices of the cars is not the best way to do so.
The line of best fit is again passing through the origin which shows that is the engine size is 0 then
the price when new will obviously also be 0. The car which depreciated the most over the years was
Rovers as the trend line on the scatter diagram had the steepest gradient. They also contribute to
emissions of other pollutants such as carbon monoxide and nitrogen oxide, the latter contributing to
smog and acid rain. Each one of these factors produced similar scatter diagrams with similar trend
lines for each car make. I would like to investigate whether the bigger the engine size the higher the
second hand price.
However, there appear to be many anomalous, or freak, results. However, this correlation is not so
much an indicator of my prediction, but merely showing the correlation between the line on the
graph (which I have used to base my predictions on) and the points on the graph. I have calculated
the depreciations of this make of car above in a tabulated form. 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. Rapid Car Check presents, March 2019 used car statistics. Over a quarter of households do
not own a car in Great Britain In Great Britain, between July 2012 and June 2014, almost half of
households (46%) owned a car and a further 27% of households owned 2 or more cars, while 27%
of households did not own a car. The car make with the gentlest gradient is the Rover, which tells us
that it is least influenced by mileage. From the graph I can say that as the used car price increases the
new car price increases. There can be many contributing factors that raise the used car price. Many
previous statistics collected by other people state that the age and mileage of used cars affect its
price the most. This has been shown below with the formula that is used at all times to calculate the
median. 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. It shows a negative
correlation between used car price and mileage. Therefore, to retain the fairness throughout the
experiment, I will use stratified sampling as a fair method. From the graph I can say that as the
mileage increases the used car price decreases. This leads me to conclude that Mercedes is more
expensive. I will now remove the outliers so that I can get a more accurate trendline on excel. The
graphs (except for Fiat) show similar gradients to the population. First of all I will do the mileage for
all the four car makes and then do mileage for the four cars separately. Therefore an easier step can
be taken into deliberation. 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. 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. Also, the gradients of the
scatter graphs would have been clearer and so would the box plots. I have chosen to look at Vauxhall
cars as we have a large number of them in data. I didn’t include the year because they are all the
same so the results I get will be reliable. When compared to the other Ford cars, the Ford Puma has a
relatively low age and one previous owner; this could be the reason why it is low in price. From the
graph I can say that as the engine size increases the used car price increases. It shows a negative
correlation between used car price and age. I will also include the car data sheet as an example of
the kind of information I got from the internet on cars. Also I can use specific makes of cars to
compare how quickly the car price decreases.

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