Bivariate Data Exploration
Aim:
The aim of this investigation is to see if there is a correlation
between the engine size of a car and the insurance group that it
resides in.
Introduction:
In our present day there is an ever-increasing public demand for
value-for-money products and services, especially in cars, shopping
and clothing markets. For students, this is even more important as
everything they buy (unless they are particularly affluent) can easily
amount to debt (through extensive student loans). For students in
particular, cars are very often an essential means of transport, and
so, like most things, it is important for a student to get the best
deal for their car.
However, insurance companies and car dealers are very much aware of
the student situation and have classified certain cars as ‘student
carsÂ’, and to clarify this, include cars from Peugeot (106, 306),
Renault (Clio), Citroen (Saxo), and Vauxhall (Nova) to name but a few.
Now it seems that these cars all have relatively low engine sizes,
commonly ranging from 900-1800cc, and are all placed in relatively low
insurance groups (and therefore have lower insurance costs), but this
may not be the case for all cars, especially those with larger engine
sizes.
This investigation will examine data from a range of cars, varying in
both engine size and insurance group, and if a positive correlation is
found between insurance group and engine size, then the concept of
‘student cars’ will not be such a worrying factor when a student goes
to buy his first car, however if there is no correlation then it is
entirely possible that insurance companies are charging too much for
cars in the ‘student car’ category.
Data Collection:
To start the investigation, data needed to be collected before any
conclusions could be made. A local used car showroom was approached,
and data from all cars on their forecourt (and in the showroom) was
collected. This data was taken directly from the records that the
The first website that will be evaluated is the kbb.com. This website which was created by Mike Kelley in 1981 is an online version of the standard Kelly Blue Book guidelines for all used cars. Why this website is trusted by a lot of people has a long history dated back to 1918 when Les Kelly, the Pioneer of this service, created the Kelly Blue Book. The background of the existence of the Kelly Blue Book will not be discussed too much since it is beyond the scope of this paper. However, this online version makes it much easier for people to browse through the internet and find out about the appropriate price they can bargain for with the local dealers or with the private owners.
Our firm mostly caters to Value Seekers and Families, who are particularly interested in vehicles such as economy and/or truck. Based on this argument we can assert that the higher the cost of operating a vehicle, the more likely people will seek alternative transportation options. While it has already been assumed that the price of gas will stay constant for the first few years in the StratSim world, other attributes that may be of particularly interested to our buyers are safety
1. Describe the economic characteristics of the global motor vehicle industry. The characteristics of the global motor vehicle industry are a boom in certain places and a bust in others all due to economic conditions in different nations. Four years after tow of Detroit Michigan’s big three went into bankruptcy American car makers are going “full throttle” with sales in August hitting an annual rate that if substantiated can take them back over 16 million and that is a rate that was last hit before the economic crisis and 80% higher than 2009 when GM and Chrysler went into bankruptcy. The opposite is happening in Europe being in its sixth year slump now and with a weak economy, high petroleum prices and an aging population being weighing factors on mass market car makers. This has led to cost cutting and over capacity for European car makers. This seems to be a trend worldwide as well as car makers are depending on there luxury brands to make them profitable. Tata has seen a profit due to Jaguar and Land Rover surging there net sales up 71% to 566 million dollars and raising revenues 31% to 568.82 billion rupees. This came dispute as the company said “a weak operating environment in the India business which was more than offset by increasing wholesale volumes and richer product and market mixes at JLR”. This is similar to Renault depending on Nissan and sales of cars produced in low cost factories in Romania to cover domestic losses. Mercedes and BMW are generating healthy profits but Volkswagen despite having a leading European market share relies on Audi for 60% of there profits. This is the same story for Tata as Mahantesh Sabarad, an analyst at Fortune Financial Services India Ltd. Stated that JLR is driving more than 100% of ...
What is the first thing image that comes to mind when somebody says education? Education and learning can be depicted in an almost infinite number of ways, in "Scenes and Un-Scenes: Looking at Learning", education is depicted in few completely different ways, from a classroom full of children to a woman home schooling a group of small and older children. This brings upon the idea that there is no set idea when it comes to education and learning, that everything is experienced as an individual. Learning and education have such a huge impact on human development and life in general.
The automobile industry has brought the United States economic growth due to the impact that automobiles have made on society. There has been a plethora of jobs associated with the auto industry, including manufacturing, auto repairs, insurance, and the development of roads, sales, and auto parts to enhance vehicles. Cars, trucks, and SUVs’ have become a way of life for people and have made an additional economic impact by becoming the primary means of transportation for consumers to commute to and from work, vacations, and travel between destinations. Most family households live on a budget and they must make the decision of how much of their budget they can allocate to transportation costs.
This is background information that gives light to the issues at hand. Exploratory research will clarify problems that will be the foundation for the next step in research design. Another answer to be determined would be what attitudes are strongly associated with purchase intentions of different automobile models. Relationships will vary around the country and knowledge of whether it is definable in certain market segments, and why, is necessary background information. This is so priorities can be identified to prevent misunderstanding of the information to be
If we go back to the past and analysis the data we can see that the automobile industry is responsible for around 12 million job in Japan and USA which tells us the story behind how fast the industry is growing. The case also talk about the future of the auto mobile industry. According to the case study the current auto market is divided majorly in three category one of them is the premium category which is highest valued car and it has a 10 percentage of market share globally then the second one is known as value segment here we can find out the mid segment cars it has a roughly a market share around 70% and then come the least expensive vehicle which also has a market share of
There are many different automobile companies providing buyers with many styles of cars, trucks, SUVs, and motorcycles. Toronto Star January 14, 2005 present ways to approach the automotive buying process. There are many different surveys, crash reports, and rating systems comparing different companies and their vehicles. Things you should look for when reading these published articles are who conducted the study? Who paid for it? Who gains from it? Who loses? These are all things to keep eye on as some automotive companies will run their own surveys making their products seem overpowering against the competition. Some prove their products are safer then the competition where the competition has been proven time and time again to make that survey seem inaccurate.
The first lab consisted of pulling a wooden block with a spring scale at a steady rate across four different surfaces. The surfaces were wax paper, paper towel, fine sandpaper, and coarse sandpaper. We had to pull the block across each of these surfaces to determine how much force we need to defeat friction. When I pulled the block over the wax paper, it moved with a small amount of force. Paper towel was also in the low range of force. However, with the fine and coarse sandpaper, much more force was required to move the block along. Therefore, the surface that had the lowest amount of friction was the wax paper, and the surface that had the largest amount of friction was the coarse sandpaper.
In the wake of global environmental concerns, electric and hybrid cars are known to be kinder products to the environment in their bid to limit the emissions, especially in the world where endless roads and constant car travel are harming the ozone layer at a high rate. Subsequently, the demand for the green electric and hybrid cars goes up, thus creating a dire need to craft the best possible decisions at the policy level in order to ensure that what is being done at the public sector stage is truly what the consumer expects.... ... middle of paper ... ... No. of the syllables, no. 4, pp.
When we are born, we can see but we cannot put anything into words. When we’re older we visualize. Visualization is the way we interact with the world. Dillard discusses how some people who have corrected and restored their sight from blindness are delighted with their sight. They see things as they really are in a way that those who always see things cannot. Like an object is seen in shape and color rather than in its name and purposes. Those that have not seen never take the beauty of sight for granted. Both Annie Dillard and John Berger agree that we cannot see clearly. Berger thinks it is because of external influences while Dillard thinks because nature and ignorance won’t let us.
According to the table, there are 7 petrol cars whose power is higher than 125KW, defined as more powerful. As for diesel cars, none of them have engine power greater than 125KW. This can lead to a conclusion, the type of car( diesel or petrol) and having an engine of at least 125KW are statistically dependent events.
This chapter discusses the results of analysis on the topic of factors that affecting demand for Proton cars in Malaysia. Eviews with version 7 is used to run the data in order to do the analyses of particular test. The analysis embraces of the multiple regression analysis, bivariate correlation, standard error of coefficient (t-test), analysis of variance (F-test), p-value analysis, coefficient of determination, serial correlation ramsey RESET test, serial correlation, white’s heteroscedastic test and granger causality test. The empirical results are presented systematically as below.
In India, till early eighties, consumers had very limited options for passenger cars. The Automobile Industry has been in the booming phase for the past 10 years, on the strength of the Indian Government’s liberalized economy policy and freedom from the License Raj. Globalization and liberalization, with the entry of many prominent foreign manufacturers, changed the automobile scenario in India, since early 1990‟s. The Government of India allowed Foreign Joint Venture in the industry since early 1990, which saw many automobile giants entering the Indian market with their models, readily available, without much waiting time for the delivery. Sudden interest of major global players has made Indian auto industry very competitive, as India provides twin benefit of ready market and low cost manufacturing base for them. Manufacturers such as Ford, General Motors, Honda, Toyota, Suzuki, Hyundai, Renault, Mitsubishi, Benz, BMW, Volkswagen and Nissan set up their manufacturing units in India in joint venture with their Indian counterpart companies, by making use of the Foreign Direct Investment policy of the Government of India, These manufacturers started capturing the hearts of Indian car customers with their choice of technological and innovative product features, with quality and reliability. Customers have started thinking to change over to the new models of cars, with related ease than before, to suit their changing life styles. With the multiplicity of choices available to the Indian passenger car buyers, it drastically changed the way the car purchase scenario in India. This transformed the automobile scene from a sellers‟ market to buyers‟ market. Car customers started developing their own personal preferences and purchasing patte...
Data visualization is the representation of data in a visual context so that people understand the data better. Some of the patterns, trends and correlations that might go undetected in text-based data can be exposed and recognized easier with data visualization software. Today’s data visualization tools are more than just charts and graphs used in Microsoft Excel spreadsheets, displaying data in more sophisticated ways like infographics, dials and gauges, geographic maps, spark lines, heat maps, and detailed bar, pie and fever charts. The images can also include interactive capabilities thereby enabling users to manipulate them or dig deeper into the data for analysis. Alerts can be setup to inform the users when