Factors that Effet the Price Depreciation of a Car :: Economics Transportation Essays

Factors that Effet the Price Depreciation of a railcarWhat factors effect the Price depreciation of a machine and how?As a common teenager I am reaching the legal driving age and will soonrequire a car. As for most teenagers my age a new car is expensive soa second hand car would by more appropriate. For this project I willbe looking at cars from dickens data sources* The Primary Source. I will be doing my own research by using anAuto Freeway magazine for second hand cars and a What Car?magazine to find the prices of the cars when they are new.(Information Provided Car Make, Car Model, Price When New. PriceSecond Hand, Age, Colour, Engine surface, Mileage)* The Secondary Source. I will be provided with this data.(Information Provided Car Make, Car Model, Price When New. PriceSecond Hand, Age, Colour, Engine Size, Mileage, MPG, Fuel Type,Service History, MOT, Tax, Owners, Insurance Group, Doors, Seats,Style, Gearbox, Central Locking, Air Conditioning, Airbags)Since the magazine is not a totally honest source I could notresearch as much information for the unproblematic source as the secondarysource. After I have ascorbic acid results of each source I will use systematicsampling by selecting every second car to cut my results into halffrom both sources. I will compare both sources. With my results I willcalculate the Price Depreciation (%) showing by how much percent thecar has decreased from the (Price When New).I suspect that there will be several trends and patterns in theresults. The lack of information in the primary source means that Ican totally make 3 successful hypotheses* The Older the car the higher the Price Depreciation* The Higher the Mileage the higher the Price Depreciation* The Engine Size would have a very little correlation if any, but if it does the correlation would be, the Bigger the Engine Size the Lower the Price DepreciationTo get my primary data I will be using a random sampling. To do this Iwill use the random button on my cal culator. I will pres it twicefirst time I will take the last two digits for the page number andthen I will rouse it again and use the last 2 digits for the carnumber in the page. If there is no such page or car then I will repeatthe procedure. I am using Random Sampling because since I dont gettold what order the cars are in. Due to this Cluster Sampling cannotbe used because the group selected could be only for one make of cars.