Preview

Statics Project

Powerful Essays
Open Document
Open Document
1460 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Statics Project
Introduction
This project aims to discover which houses are more expensive in jesmond and walker. Source of determination is carried out by a random survey and primary research.
Hypothesis.
It is an ascertained fact that houses in jemsond are more expensive than those in walker due to the fact that jesmond has a greater distance from the industrial area than that of walker.
Background
In the past few year, prices of houses in the United Kingdom has increased rapidly due to inflation. The government has tried to solve this problem by trying to reduce house prices and also build more houses in other to remove the homeless people from the streets. Newcastle upon tyne is a city that started as a rural area and transformed into an urban area. Because of the industrial reformation, the house prices located in the industrial area decreased (such areas like, wallsend, walker and byker). Due to this, price houses in jesmond and Gosforth increased rapidly.
Methodology
The data I used for this project was collected from five different website. The type of houses I picked ranged from one bedroom flats to six bedrooms. 100 houses were picked randomly. Fifty from jesmond and also fifty from walker; with 18 one bedroom flat, 18 two bedroom flat, 17 three bedroom flat, 17 four bedroom flat, 17 five bedroom flat, and 13 six bedroom flat.

Frequency tables for group data
Walker
House price (£) | frequency | Cumulative frequency | 0 ≤ X < 40,000 | 5 | 5 | 40,000 ≤ X < 45,000 | 4 | 9 | 45,000 ≤ X < 55,000 | 5 | 14 | 55,000 ≤ X < 80,000 | 6 | 20 | 80,000 ≤ X < 150,000 | 11 | 31 | 150,000 ≤ X < 180,000 | 6 | 37 | 180,000 ≤ X < 240,000 | 5 | 42 | 240,000 ≤ X < 285,000 | 4 | 46 | 285,000 ≤ X < 295,000 | 4 | 50 |

jesmond House price (£) | Frequency | Cumulative frequency | 0 ≤ X < 55,000 | 5 | 5 | 55,000 ≤ X < 75,000 | 4 | 9 | 75,000 ≤ X < 110,000 | 4 | 13 | 110,000 ≤ X < 155,000 | 7 | 20 | 155,000 ≤ X

You May Also Find These Documents Helpful

  • Good Essays

    Revere Street Solutions

    • 879 Words
    • 4 Pages

    * After having a thorough understanding of the market, we have several approaches to determine the property price. If we choose the comparable method, we should find a property that is just sold in neighboring with similar characters and use it as a reference to price the…

    • 879 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Cih Level 3 Assignment 4

    • 3986 Words
    • 16 Pages

    Housing policy is usually analysed in economic terms, as a form of market. In theory, markets lead to efficient allocation through a complex process of matching supply and demand. This depends on competition, good information, the existence of multiple suppliers and the existence of multiple purchasers. In housing, this theory has limited application.…

    • 3986 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    prices there in 2010 were some of the highest prices in London­ and therefore the UK. Housing can effect peoples…

    • 534 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    The houses that I am analyzing are both located in Spring Hill Florida; one in zip-code 34609 and the other in zip-code 34610. The two homes are approximately 12 miles away from each other. My parents relocated to a neighboring area in Hernando County. Every time I visit them I visit them it seems the Spring Hill area calls my name. It is because I have fallen in love with this area over the past few years that I have decided to look into this are for me to relocate to. I have come to know the location, surroundings, and basically the kind of town it is. In addition to the normal size, number of beds and baths, I am looking at potential addition to a home, such as pool (if not included), and increased garage space. It is because of these criteria that I have chosen the two properties I have listed.…

    • 1714 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Wicks, M. (2009) Christopher Addison, Council Housing and Swindon [online] Available at: http://martinwicks.wordpress.com/2009/12/09/christopher-addison-council-housing-and-swindon/ Accessed on: 27 May 2012…

    • 4686 Words
    • 19 Pages
    Best Essays
  • Good Essays

    (Pittis, 2015) In fact, due to Baby Boomers are looking for getting the maximum value from their single-family homes, a future increase in this specific market will make prices to reach a maximum value at certain point, resulting in a period of decline. (Ireland, 2015) For instance, Edmonton will present a reduce in housing prices due to both the large supply of homes in the market and economic issues related to the decline of Alberta’s oil extraction. As Pittis (2015) states, the combination of both factors will cause a reduction in the housing demand since there will be fewer buyers compared to the number of Boomers competing to sell their homes. In Ontario, there will be similar consequences, however, they will vary depending on where and what type of house is in the market. (Pittis, 2015) For instance, inner Toronto may not be hardly affected because its convenient place allows a limited number of single-family homes with a high demand from buyers. In contrast, sixty-four percent of inhabitants in the Great Toronto Area demonstrate being worried about a possible downturn in the real estate prices. (Ireland, 2015). In London, for instance, the vast space for construction will not provide the city with an scarcity value, reducing even more the housing prices in the area. (Pittis,…

    • 1686 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Despite the higher than average proportion of affluent residents, there is an unequal division of wealth and this will form part of my discussion, particularly in relation to shopping and housing. I will then…

    • 917 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Geography 15 markers

    • 497 Words
    • 4 Pages

    For two areas of settlement that you have studied, contrast the socio-economic characteristics of the residents.…

    • 497 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    However, the housing price has been increasing over the years, the stock growing 185,000 per annum. Planning Policy Statement 3 (DCLG, 2006) provide information about the scale of housing crisis. Few areas had high house cost in the early decade, such as London and the South East, but currently there are lots of areas are facing high housing price problem. First time buyers find it quite difficult to buy a house in the market, and this circumstance occurs in most rural areas and smaller settlements. Moreover, the Countryside Agency (2003) reported that almost half of the rural people would have to undertake over 50% of their income in order to afford a home with a mean cost in their district. An estimation has been made by Countryside Agency, in the prospective 10 years period, a…

    • 1477 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    science

    • 2051 Words
    • 9 Pages

    1 slides: Explain at least 2 reasons why housing prices vary from city to city…

    • 2051 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Wolf, P.T. 2010, ‘a positive difference’ Luxury home design, Vol. 13, no.1, pp. 302-303, viewed 14 August 2011.…

    • 1198 Words
    • 5 Pages
    Best Essays
  • Powerful Essays

    Population Assessment

    • 5488 Words
    • 22 Pages

    OFFICE FOR NATIONAL STATISTCS. (2004b). Census 2001- Housing. London: Office for National Statistics. Available at: Office for National Statistics Website. <.http://www.statistics.gov.uk>. (accessed 15th June 2011).…

    • 5488 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    Harvard Real Estate Services (HRES) conducted a survey, which related to students housing experience and desires in 2001. The ample of feedbacks that supported and improved Harvard’s housing decision-making. In front of HRES, there are newly 2005 housing survey related Harvard’s “ Allston initiative” on the desk. HRES wants to update, improve and expand upon the 2001 survey to generate useful information to influence future house design and marketing decisions.…

    • 839 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Springhill Guest House

    • 1268 Words
    • 6 Pages

    Example of Data to be analysed - From the Springhill Country Guest House Market Research Analysis - 1…

    • 1268 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Assignment4 Statistics

    • 570 Words
    • 3 Pages

    The P value associated with out chi square is 0.00 and the Alpha level is 0.05 so we reject the null hypothesis. The P- value is less than the alpha level. So, we conclude that style of homes and locations are not related.…

    • 570 Words
    • 3 Pages
    Satisfactory Essays