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What factors affect a price of a second-hand car.
Member rating: No Rating | Words: | Submitted: Fri Feb 13 2004
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Car Sales My maths coursework is about what factors affect a price of a second-hand car. Hypotheses 1. I think that the age of the car - older the car the more it will depreciate 2. I think the amount of miles a car has traveled- the more miles traveled the more it will depreciate I will use a scattergraph to illustrate the data and would expect to see a positive correlation. I will draw a line of best fit to help me predict the second-hand price of a certain age car. I think the same will happen with mileage. I will use spearman's coefficient of correlation to get an actual value of the correlation from a small group of cars of the same kind. For my database I will need to find a sample that is not biased and is a big enough sample. The local firms have not enough cars in their adverts...
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