The Percentage Decrase in Price of a Car and Its Mileage
Aim
To find out if the mileage that a car has run is related in any way to
the percentage decrease in the price of the car from original price to
secondhand price.
This would be worthwhile doing as the mileage directly affects the
quality of the car and so, affects the price.
I will do a pretest (graph of everything) to ensure that the
investigation is worth doing, just to see if there is an overall
correlation.
Method
I will pick out the data I need for this project and take samples.
Here I will need the statistics of mileage and both prices then use
the spread sheet to work out the price decrease percentage.
I will test them for any relation they may have and draw scatter
diagrams.
The scatter diagrams would have lines of best fit.
A cumulative frequency table may also be useful in finding the
relations.
l Data
The information I need to collect are the prices and the mileage.
These are available in the excel spreadsheet from the KGV math site
and I will be working form this. The spread sheet is reliable as it is
provided for us. It contains a sample of 100 cars.
I will take three samples of 10 using stratified sampling (taking a
few from each 10) and leaving out the extremes from both ends. This
will give a fair sample as all the different percentages are taken
into account.
The samples will be compared to each other to find if there is a
correlation.
I will also find the correlation coefficient using the formulas:
∑ x;y - ∑x; ∑y ∑ x2 - (∑x;)2 ∑y;2 - (∑y;) 2
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Prediction
I think that there will be a strong positive correlation as usually,
the price drops by a greater percentage as the mileage increases.
Hypothesis
I think that this will be true as older cars get sold for less money.
This paper will focus on the future of the U.S. Automobile industry as the United States recovers from the worst recession we have experienced in the past 75 years. I will provide information on the following topics pertaining to the U.S. automobile industry:
...yers every year. The American public is not going to pay for something of standard quality and performance when they can get a better and less expensive car that out performs the higher priced one. "The bottom line clearly reveals that from this group of long time nemesis, the Camaro once again emerges as offering the most bang for the buck" (Bartlett 30 - 38).
In the United States, modern car manufacturing has been historically dominated by the American companies including Ford Motor Co., Chrysler Group LLC, and General Motors Co. These three companies, known as the Detroit Three, controlled 95% of the market in the 1950’s and the dominance continued until the beginning of the 21st century. In the 1980’s Japanese auto manufacturers entered the United States, a decade later the Germans, and finally in 2000’s the Koreans. By the end of 2009, the Detroit Three only accounted for 45% of the total U.S. auto market. Another factor that had influence on this was constant fluctuations in gasoline prices and price sensitive consumers. According to the U.S. Department of Energy, gas prices hit record high averaging $3.07 per gallon in May 2007 and kept climbing up to $4.08 in July 2008. As gas prices kept increasing, consumer buying trends have been changing. In 2006 sales for SUVs, pickup trucks, and vans dropped 16%, while the market for compact cars rose by 3%. Unfortunately, the Detroit Three were not prepared for this since their...
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BARS is Deutsche Banks spreadsheeting tool for world wide capture and sophisticated analysis of customers financial statements. The application offers to Deutsche Banks credit officers access to 200.000 customers and 1.6 million financial statements stored in a central database. In order to facilitate data capture and to further streamline the credit process the application will be equipped with an XBRL-import interface.
Most American cars are not hybrids or fuel-efficient, they are usually big SUV’s or trucks that get eighteen to ten miles per gallon. Most of Hondas, Toyotas, and Hyundai’s get around 20 to 30 miles per gallon, and hybrids get 50 miles per gallon. Peoples demand fuel-efficient cars because oil is i...
side of vehicle for fuel or oil leaks. Visually checks right side of vehicle ...
Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.
A third cause of the high prices is that the types of cars and trucks we are driving tod...
car and at the same time in other countries they are selling their cars for less
When you hear the term “used car”, what is the first thing that comes to mind? Some may think of an old rusty Cadillac that belongs in a junkyard. Others may think of that nice Camaro at the used car dealership for sale. Over the years, used car sales have skyrocketed. In 2012, over 40.5 million used cars were purchased in the United States (Atiyeh, 2013). Used cars are in high demand in today’s economy because of the lower prices, slightly higher gas mileage, and that they can be more trustworthy against some of the newer models. With used car sales always climbing, how do buyers know what they are looking for in a vehicle? How do they come down to the final decision of where to purchase the vehicle? Most importantly, how can buyers make sure that they do not get scammed? This paper will take you through the process of purchasing a used vehicle, from deciding on a budget, all the way to the final purchase of your “new” car.
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