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

Factors that Effet the Price Depreciation of a motor automobileWhat factors achievement the Price depreciation of a car and how?As a familiar teenold periodr I am reaching the legal driving age and entrust soonrequire a car. As for most teenagers my age a new car is expensive soa encourage hand car would by more appropriate. For this project I resultbe looking at cars from two info etymons* The Primary Source. I entrust be doing my own research by utilise an political machine Freeway time 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. Price hour Hand, Age, Colour, locomotive engine Size, gasoline 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, indemnity Group, Doors, Seats,Style, Gearbox, Central Locking, Air Conditioning, Airbags)Since the magazine is not a totally undeviating source I could notresearch as much selective information for the primary source as the secondarysource. After I claim 100 results of each source I will use taxonomicalsampling by selecting every second car to cut my results into one-halffrom both sources. I will compare both sources. With my results I willcalculate the Price Depreciation (%) showing by how much part 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 unaccompanied make 3 prosperous 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 calculator. I will pres it twicefirst time I will hit the last two digits for the page reduce andthen I will press 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. collect to this Cluster Sampling cannotbe used because the group selected could be only for one make of cars.