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Statistics
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- Words:
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Statistics: Analysis of used cars database
Introduction:
The purpose of this coursework is to investigate the comparative relationships between the depreciation of a car's price, in relation to the factors that affect it. The factors that I wish to investigate are the age/mileage of a car, being the easiest to compare to depreciation. To do this, I shall use random sampling. I shall give a number of hypotheses, claiming whether each influential factor has an adequate effect on depreciation. I shall attempt to validate this using data given to me on Excel. I have done this in terms of percentage depreciation to make sure that I have relevant data to compare depreciation over each car in my sample. Here are the hypotheses and questions:
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