Statistics Activity

Topic: Gold prices And IT’S Analysis

F.Y.BSC.COMPUTER SCIENCES
. Made by
Tanvi Patil (205)
Ruchita Patil (203)
Yash Patole (206)
Year Midpoint Price of Gold

1991-93 1992 6646

1993-95 1994 5489

1995-97 1996 6335

1997-99 1998 7345

1999-01 2000 7615

2001-03 2002 7215

2003-05 2004 7695

2005-07 2006 10675

2007-09 2008 19520

2009-11 2010 22165

2011-13 2012 56900

2013-15 2014 54030

Y X

681.75812 -1351237
Year X

1970-72 250 1971

1972-74 600 1973
1974-76 1200 1975
1976-78 1300 1977
1978-80 1560 1979
1980-82 2100 1981
1982-84 2300 1983
1984-86 2600 1985
1986-88 2700 1987
1988-90 3535 1989
1990-92 3600 1991
1992-94 3800 1993
1994-96 4000 1995
1996-98 4800 1997
To Estimate the prices of the year 2050: -
Y=a+b*
Y=-1351237+681.75812(2050)

y=46366.66923
Scatter diagram on prices

Prices
60000

50000

40000

30000

20000

10000

0
1990 1995 2000 2005 2010 2015 2020

Interpretation – the above scatter diagram

shows positive correlation.
Pie chart
Price

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2010 2014