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Maths Project
By the end of this seminar you will have
Collected a sample of 30 houses from Area A
Considered how to make progress with your maths project
Objectives
Go to www.socrative.com
Type your name
The room is YW
Answer the questions
Quick Quiz
Check what you know
Sampling
You will compare house prices in 2 areas of Newcastle.
You will select a sample of at least 30 houses from each area
Area A : Gosforth or Jesmond
Area B : Walker, Byker or Wallsend
Choose one from each area
Maths Project
You will collect a sample of 30 houses from Jesmond
You will use a website e.g. Rightmove
You will add your sample to an Excel spreadsheet
You should email this to Yvonne for checking
Collecting Data
Take a photo
You need to collect a sample of 30 houses
You may have a population of 300+ houses
How will you choose?
Discuss with your partner
Choosing your Sample
Demonstrate
Types of Houses
Take a photo
Detached
Semi- detached
Terraced
Bungalow
Flat/Apartment
Collect a sample of 30 houses prices from either Jesmond or
Gosforth
If you have time today…..
Collect a sample of 30 houses prices from either Byker or
Walker
Enter the data onto your spreadsheet (I have emailed a template
to you)
Collecting your Data
Support
Independent Work
Your task
Finish collecting your data
Work on the rest of your project
Writing your introduction & methodology
Introduction
Background of the 2 areas
Hypothesis stated
Background : Jesmond
Where is it?
Who lives there?
What types of houses?
Which facilities?
History?
Research :
Make notes
Write a paragraph (200 words max)
Jesmond
Where?
Facilities?
House types?
Who?
History?
Anything else?
Background : Byker
Where is it?
Who lives there?
What types of houses?
Which facilities?
History?
Research :
Make notes
Write a paragraph (200 words max)
Byker
Where?
Facilities?
House types?
Who?
History?
Anything else?
Hypothesis Statement
The hypothesis is that houses in ______ are more expensive
than houses in ____________
Describe/explain your method
Describe your sampling technique
Explain how you will approach the project
Methodology
At least 3 different types of graphs
Include calculations – mean. Median. Mode, Standard Deviation
Include comments on all graphs and calculations. What do they
show?
Results & Discussion
State whether how hypothesis is supported
Explain how you know. Give examples
No new material
Conclusion
04/03/2020
1
Maths for Business - INU0111/0511
Project
Maths for Business - INU0111/0511
Deadline
12:00 noon
Tuesday
March 24th 2020
Maths for Business - INU0111/0511
Project
• The project looks at the price of houses in Newcastle.
– i.e. How much it would cost to BUY a property
• Because there are many areas of the city, you must
concentrate on only 2 areas.
• You are to compare and comment on the similarities
and differences in the prices of houses in the two
locations.
Maths for Business - INU0111/0511
In this Project you will. . .
1. . . . collect appropriate data that can be used to . . .
2. . . . carry out a statistical analysis of house prices in
two areas of Newcastle upon Tyne and to . . .
3. . . . write a report that presents the analysis in words
and graphs and to . . .
4. . . . draw conclusions.
Maths for Business - INU0111/0511
History
• Newcastle upon Tyne grew up from separate, small settlements
• Centuries ago, the River Tyne had a town called Newcastle
around the
“new castle” built by the Normans
– there were communities outside now known as Walker, Byker,
Wallsend (where
Hadrian’s Wall ended), Gosforth, Jesmond and many others
• The Industrial Revolution came to the North-East, Newcastle
became a
centre for coal exports, shipbuilding and other “heavy” industry
on the
River Tyne from Wallsend and Walker to Scotswood and
Elswick.
Maths for Business - INU0111/0511
History - continued
• With the heavy industry came a workforce
• Public transport was limited
– workers lived near their place of work
• In very simple terms
– houses near the river were built to house the workers
• Areas away from the river grew up to house those who were
better off
– Often those who owned the businesses
• Most of the heavy industry has gone now
– but some of the houses remain - often small terraced houses of
Walker,
Wallsend and Byker are a reminder of those days
04/03/2020
2
Maths for Business - INU0111/0511
iver) and Gosforth (a
little further north) grew up away from the heavy industry
Elmfield Road
in Gosforth) still contain very expensive houses dating from the
late
1890’s and early 1900’s
reach these levels
housed its workforce.
History - continued
Maths for Business - INU0111/0511
The Areas to look at…
Maths for Business - INU0111/0511
House Prices
• What affects the price of a house?
– Type
– Size
•Number of bedrooms
– Location
•You needs to choose ONE location from each Area
Maths for Business - INU0111/0511
Houses in the UK come in many shapes and sizes.
There are detached houses in their own grounds.
Semi-detached which share a central wall with another house
and
terraced (a row of houses).
Then there are bungalows (just a ground floor, no upstairs) and
apartments (part of a block).
There are also houses called Tyneside flats. These are (usually)
a
terraced house divided so that someone lives upstairs and
someone
lives downstairs (and they have separate front doors).
Types of Houses
Maths for Business - INU0111/0511
Types of Houses
Terraced
Houses
Tyneside
Flat
Detached
House
Semi-detached House
Block of flatsBungalow
Apartment Block
Maths for Business - INU0111/0511
Hypothesis
Houses in Area A are . . . . . . . than houses in Area B
nd
Houses in Gosforth are . . . . . . . . . . . than houses in Byker
. . . for example . . .
http://images.icnetwork.co.uk/upl/icnewcastle/jun2008/4/1/5E1
FE988-D657-F110-AB7F71C22E1EFFA1.jpg
http://images.google.co.uk/imgres?imgurl=http://img.dailymail.
co.uk/i/pix/2008/01_03/DetachedHomeL_468x299.jpg&imgrefur
l=http://www.dailymail.co.uk/news/article-508113/Detached-
house-prices-plummet-270-day-property-market-enters-
slowdown.html&usg=__CW_0yu-
eygukb8vfn9MVRFmslEQ=&h=299&w=468&sz=43&hl=en&sta
rt=2&tbnid=GkYDa7-
SCgqttM:&tbnh=82&tbnw=128&prev=/images?q=Detached+Ho
use&gbv=2&hl=en&sa=G
http://images.google.co.uk/imgres?imgurl=http://www.neverpai
ntagain.co.uk/articleimage.php?id=111&imgrefurl=http://www.n
everpaintagain.co.uk/article/The-Rise-of-the-semi-detached-
house&usg=__yUcbIqmVm-OIZsYteCY-
Gbjo0zg=&h=216&w=288&sz=22&hl=en&start=28&tbnid=oJN
_CfqCeVBdSM:&tbnh=86&tbnw=115&prev=/images?q=semi-
detached+House&start=20&gbv=2&ndsp=20&hl=en&sa=N
http://static.flickr.com/91/247796015_60db03bf84.jpg
http://images.google.co.uk/imgres?imgurl=http://www.littleking
s.co.uk/images/bungalow.jpg&imgrefurl=http://www.littlekings.
co.uk/bungalow.shtml&usg=__3PtBPEFj61Lfj63It_gPto808Kg=
&h=329&w=450&sz=19&hl=en&start=4&tbnid=wTH77Tgkneue
EM:&tbnh=93&tbnw=127&prev=/images?q=Bungalow&gbv=2
&hl=en&sa=G
04/03/2020
3
Maths for Business - INU0111/0511
Which Area?
You need to choose:
Either Gosforth or Jesmond from Area A
And
Either Byker, Walker or Wallsend from Area B
Maths for Business - INU0111/0511
Collecting data…
You could obtain your data:
• From “The Journal” on Saturday
• By asking estate agents for their in-house magazines
– Estate agents specialise in different areas.
But it is much easier
• to visit estate agents’ websites.
– These can give you lots of raw data
• . . . www.rightmove.co.uk
Maths for Business - INU0111/0511
Creating your tables…Organising your data
Street Number of Bedrooms Type of House Price
The Drive 5 Semi-detached £675,000
Area A = Jesmond or Gosforth
Area B = Wallsend, Walker or Byker
For each area a table like this may be helpful as you start to sort
out the raw data
Remember that you will need one
table for each area.
At least 30 houses from each area. 50 to 100 houses from each
would be better!
Area AArea BGosforth
Maths for Business - INU0111/0511
All your data . . .
You need to compare the whole set of data for the two areas.
Maths for Business - INU0111/0511
Breaking your data up..
• When you are done with the whole of Area A and Area B,
start looking at the categories.
• Look at the prices of houses by number of bedrooms and
create boxplots for 2, 3, 4, more than 4 bedrooms where
appropriate
• You can compare within each area and between each area
Maths for Business - INU0111/0511
Another possible hypothesis?
There is a link between the price of a house and . . .
http://www.rightmove.co.uk/
04/03/2020
4
Maths for Business - INU0111/0511
Analysing your data…
Note that you have quantitative data, which is discrete,
(measured in £).
Consider the types of charts and graphs that we have used.
Which is most suitable?
Can you use boxplots? Is this a good way to communicate
information?
What others are useful? Histograms?
How do you compare two sets of data, e.g. 3 bedroom houses in
Jesmond with
3 bedroom houses in Walker.
Maths for Business - INU0111/0511
Analysing your data…
What types of calculations are you going to do?
• To show the centre of the data? The middle or measure of
location?
•To show the spread or the measure of dispersion of the data?
Maths for Business - INU0111/0511
Remember . . . .
Whose data is it?
Use Excel and Geogebra
Maths for Business - INU0111/0511
Using Excel…
Draw your boxplots using Geogebra, Excel 2016 or any
other Statistical software
Choose appropriate scales.
Mean: = AVERAGE(D1:D60)
Median: = MEDIAN(D1:D60)
Standard Deviation: =STDEV.P(D1:D60)
Maths for Business - INU0111/0511
Presenting your data…
Do not just present lots of bar charts, pie charts and boxplots.
You need TABLES with medians, inter-quartile ranges, means
and standard
deviations.
Maths for Business - INU0111/0511
Presenting your data…
Find the Median and the Quartile positions for the two areas
using ALL your data. Then present this data as two boxplots….
50000 100000 150000
200000 250000
House Prices
Area A
Area B
04/03/2020
5
Maths for Business - INU0111/0511
What you need to include …
• A front cover with a title and your name.
• An introduction to say what you expect to find from your
observations
of the areas and a brief background of the chosen areas.
• A discussion of where you got your data from.
• A discussion about how you chose your data.
• Tables of data.
• Charts or graphs
• A discussion of what you have found.
• Conclusions about the house prices in the two areas.
• A list of raw data as an appendix.
Maths for Business - INU0111/0511
Write a REPORT
Maths for Business - INU0111/0511
Email :
[email protected]
[email protected]
Maths for Business - INU0111/0511
Now . . .
You need to
. . . Collect
Some Data
How?
From
Where?
mailto:[email protected]
mailto:[email protected]
JesmondJesmondStreetTypeNo. of bedroomsPrice
(£)DetachedNumber of BedroomsFrequencySemi-
detached1Terraced2Flat3Bungalow45MeanMedianModeStandar
d deviation
BykerBykerStreetTypeNo. of bedroomsPrice
(£)DetachedNumber of BedroomsFrequencySemi-
detached1Terraced2Flat3Bungalow45MeanMedianModeStandar
d deviation
Sheet3
Maths for Business
INU0111
Semester 2
Project
Deadline: Tuesday March 24th - 12:00 noon
2 | P a g e
Aims of the Project
The aim of this project is to explore the price of properties for
sale in two areas
of Newcastle upon Tyne. You are to write a report comparing
the properties
available and their prices for two specific areas of Newcastle
upon Tyne. You
are expected to use the statistical methods that you are learning
on your
course.
Background
Newcastle upon Tyne, like many major cities, grew up from
separate, small
villages. Centuries ago, the River Tyne had a town called
Newcastle around
the “new castle” built by the Normans and there were
settlements outside this
now known as Walker, Byker, Wallsend (where Hadrian’s Wall
ended),
3 | P a g e
Gosforth, Jesmond and many others. When the Industrial
Revolution came to
the North-East, Newcastle became a centre for coal exports,
shipbuilding (on
the River Tyne from Wallsend to Walker and up the river at
Scotswood and
Elswick) and other “heavy” industry. Indeed, the river became
the most
important resource the area had. Even today, Geordies are very
attached to
“their” river.
With all the heavy industry came a workforce. In a time when
public transport
was limited, workers lived near their place of work. In very
simple terms,
properties near the river were built to house the workers and
areas away from
the river grew up to house those who were better off. Most of
the heavy
industry has gone now but many of the properties remain. The
sometimes-
narrow cramped streets and often small terraced properties of
Walker,
Wallsend and Byker are a reminder of those days.
Jesmond (about 2km north of the river) and Gosforth (a little
further north)
grew up away from the heavy industry. This was where the
people with wealth
lived. Some streets (such as Mitchell Avenue in Jesmond or
Elmfield Road in
Gosforth) still contain very expensive properties dating from
the late 1890’s
and early 1900’s. Elsewhere in Jesmond and Gosforth, prices
never quite reach
these levels but are much higher than the sites where heavy
industry once
housed its workforce.
4 | P a g e
Types of Properties
Properties in the UK come in many shapes and sizes. There are
detached
properties in their own grounds and semi-detached, which share
a central wall
with another house. There are also terraced houses (a row of
properties).
Then there are bungalows (just a ground floor, no upstairs) and
apartments
(part of a block). There are also properties called Tyneside
flats. These are
(usually) a terraced house divided so that someone lives upstairs
and someone
lives downstairs (and they have separate front doors). There are
other types
too, so be very careful in your categorisation.
Terraced
Houses
Tyneside Flat
Detached
House
Semi-detached
House
Block of flats Bungalow
Apartment Block
5 | P a g e
How to tackle this project…?
You need to write a report. You must choose ONE location
from each area and
collect data on prices of houses, number of bedrooms in each
house and type
of each house. You will need to create a table of data with
column headings
that look like this:
Area A
Street Number of Bedrooms Type of House Price
Repeat for Area B
The first thing you are going to have to do is to collect some
data.
Have a look at the map on the page 2.
The areas outlined in blue dashes (Area A: Jesmond and
Gosforth) and red
dots (Area B: Wallsend, Walker and Byker) are the places you
are looking for
data. There are newspapers that contain information about
properties for
sale. HOWEVER, the simplest way to find data is to use
ESTATE AGENTS’
websites.
Make a note of where you obtained your data because you will
need to
reference it.
You need at least 30 properties from each area (at least 60 in
total) for this
project. However, between 50 and 100 properties from each
area would be
better. Try to make the sample REPRESENTATIVE of the
population of all the
properties available in the two areas that you have chosen. Do
not just choose
many 3-bedroom semi-detached properties (even though there
are a lot of
these about). Also, do not just choose the first few properties
on a website, as
they may be the most expensive or least expensive properties
available.
6 | P a g e
The best way to create your table of data is to use Microsoft
Excel. When you
have collected all your data, print off a full list sorted so the
most expensive
properties are at the top of the list and the cheapest is at the
bottom.
Explaining what you are doing and why is important.
Break your data up now into the two areas, A and B.
What types of properties are available in these two areas or how
many
properties are there with 1, 2, 3, etc. bedrooms? You will need
to make a
comparison between the two areas. Consider using tables,
graphs and
comments.
Considering all the data for each area calculate some statistics.
Find the
measures for the centre and for the spread of the prices.
Display your two sets
of data graphically. Now make some comment about what you
have found.
Do not just “do statistics”; analyse them.
You could now break your data up into smaller categories. For
example, draw
graphs to show the prices of 2-bedroom properties in the 2
areas, then for the
3-bedroom properties (or detached properties, or semi-detached
properties).
Drawing conclusions and using the statistics that you have
calculated is an
important skill. Top marks can be obtained by writing between
1000 and
1500 words.
The Project will be marked out of 100 according to the
following criteria:
7 | P a g e
For further details, please see Blackboard.
Additional Advice.
what you hope
to find.
need to say
how you chose your sample of properties.
expected.
evidence
that you have collected.
Submitting the project
You must submit your project by 12:00 noon on Monday March
23rd. You must
upload your project to Turnitin using Blackboard. You do NOT
need to hand
in a paper copy of your project. Late submissions are liable to
be penalised. If
you have any problems, you must contact either Adrian or
Yvonne by email
before the submission time:
[email protected][email protected]
mailto:[email protected]
mailto:[email protected]

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Maths ProjectBy the end of this se.docx

  • 1. Maths Project By the end of this seminar you will have Collected a sample of 30 houses from Area A Considered how to make progress with your maths project Objectives Go to www.socrative.com Type your name The room is YW Answer the questions
  • 2. Quick Quiz Check what you know Sampling You will compare house prices in 2 areas of Newcastle. You will select a sample of at least 30 houses from each area Area A : Gosforth or Jesmond Area B : Walker, Byker or Wallsend Choose one from each area Maths Project You will collect a sample of 30 houses from Jesmond You will use a website e.g. Rightmove You will add your sample to an Excel spreadsheet You should email this to Yvonne for checking
  • 3. Collecting Data Take a photo You need to collect a sample of 30 houses You may have a population of 300+ houses How will you choose? Discuss with your partner Choosing your Sample Demonstrate Types of Houses Take a photo
  • 4. Detached Semi- detached Terraced Bungalow Flat/Apartment Collect a sample of 30 houses prices from either Jesmond or Gosforth If you have time today….. Collect a sample of 30 houses prices from either Byker or Walker Enter the data onto your spreadsheet (I have emailed a template to you) Collecting your Data Support Independent Work Your task Finish collecting your data Work on the rest of your project Writing your introduction & methodology
  • 5. Introduction Background of the 2 areas Hypothesis stated Background : Jesmond Where is it? Who lives there? What types of houses? Which facilities? History? Research : Make notes Write a paragraph (200 words max) Jesmond Where?
  • 7. Background : Byker Where is it? Who lives there? What types of houses? Which facilities? History? Research : Make notes Write a paragraph (200 words max) Byker Where? Facilities? House types?
  • 8. Who? History? Anything else? Hypothesis Statement The hypothesis is that houses in ______ are more expensive than houses in ____________
  • 9. Describe/explain your method Describe your sampling technique Explain how you will approach the project Methodology At least 3 different types of graphs Include calculations – mean. Median. Mode, Standard Deviation Include comments on all graphs and calculations. What do they show? Results & Discussion State whether how hypothesis is supported Explain how you know. Give examples No new material Conclusion 04/03/2020 1 Maths for Business - INU0111/0511 Project Maths for Business - INU0111/0511 Deadline
  • 10. 12:00 noon Tuesday March 24th 2020 Maths for Business - INU0111/0511 Project • The project looks at the price of houses in Newcastle. – i.e. How much it would cost to BUY a property • Because there are many areas of the city, you must concentrate on only 2 areas. • You are to compare and comment on the similarities and differences in the prices of houses in the two locations. Maths for Business - INU0111/0511 In this Project you will. . . 1. . . . collect appropriate data that can be used to . . . 2. . . . carry out a statistical analysis of house prices in two areas of Newcastle upon Tyne and to . . . 3. . . . write a report that presents the analysis in words and graphs and to . . . 4. . . . draw conclusions. Maths for Business - INU0111/0511
  • 11. History • Newcastle upon Tyne grew up from separate, small settlements • Centuries ago, the River Tyne had a town called Newcastle around the “new castle” built by the Normans – there were communities outside now known as Walker, Byker, Wallsend (where Hadrian’s Wall ended), Gosforth, Jesmond and many others • The Industrial Revolution came to the North-East, Newcastle became a centre for coal exports, shipbuilding and other “heavy” industry on the River Tyne from Wallsend and Walker to Scotswood and Elswick. Maths for Business - INU0111/0511 History - continued • With the heavy industry came a workforce • Public transport was limited – workers lived near their place of work • In very simple terms – houses near the river were built to house the workers • Areas away from the river grew up to house those who were better off – Often those who owned the businesses • Most of the heavy industry has gone now
  • 12. – but some of the houses remain - often small terraced houses of Walker, Wallsend and Byker are a reminder of those days 04/03/2020 2 Maths for Business - INU0111/0511 iver) and Gosforth (a little further north) grew up away from the heavy industry Elmfield Road in Gosforth) still contain very expensive houses dating from the late 1890’s and early 1900’s reach these levels housed its workforce. History - continued Maths for Business - INU0111/0511 The Areas to look at…
  • 13. Maths for Business - INU0111/0511 House Prices • What affects the price of a house? – Type – Size •Number of bedrooms – Location •You needs to choose ONE location from each Area Maths for Business - INU0111/0511 Houses in the UK come in many shapes and sizes. There are detached houses in their own grounds. Semi-detached which share a central wall with another house and terraced (a row of houses). Then there are bungalows (just a ground floor, no upstairs) and apartments (part of a block). There are also houses called Tyneside flats. These are (usually) a terraced house divided so that someone lives upstairs and someone lives downstairs (and they have separate front doors). Types of Houses Maths for Business - INU0111/0511
  • 14. Types of Houses Terraced Houses Tyneside Flat Detached House Semi-detached House Block of flatsBungalow Apartment Block Maths for Business - INU0111/0511 Hypothesis Houses in Area A are . . . . . . . than houses in Area B nd Houses in Gosforth are . . . . . . . . . . . than houses in Byker . . . for example . . . http://images.icnetwork.co.uk/upl/icnewcastle/jun2008/4/1/5E1 FE988-D657-F110-AB7F71C22E1EFFA1.jpg http://images.google.co.uk/imgres?imgurl=http://img.dailymail. co.uk/i/pix/2008/01_03/DetachedHomeL_468x299.jpg&imgrefur l=http://www.dailymail.co.uk/news/article-508113/Detached- house-prices-plummet-270-day-property-market-enters-
  • 15. slowdown.html&usg=__CW_0yu- eygukb8vfn9MVRFmslEQ=&h=299&w=468&sz=43&hl=en&sta rt=2&tbnid=GkYDa7- SCgqttM:&tbnh=82&tbnw=128&prev=/images?q=Detached+Ho use&gbv=2&hl=en&sa=G http://images.google.co.uk/imgres?imgurl=http://www.neverpai ntagain.co.uk/articleimage.php?id=111&imgrefurl=http://www.n everpaintagain.co.uk/article/The-Rise-of-the-semi-detached- house&usg=__yUcbIqmVm-OIZsYteCY- Gbjo0zg=&h=216&w=288&sz=22&hl=en&start=28&tbnid=oJN _CfqCeVBdSM:&tbnh=86&tbnw=115&prev=/images?q=semi- detached+House&start=20&gbv=2&ndsp=20&hl=en&sa=N http://static.flickr.com/91/247796015_60db03bf84.jpg http://images.google.co.uk/imgres?imgurl=http://www.littleking s.co.uk/images/bungalow.jpg&imgrefurl=http://www.littlekings. co.uk/bungalow.shtml&usg=__3PtBPEFj61Lfj63It_gPto808Kg= &h=329&w=450&sz=19&hl=en&start=4&tbnid=wTH77Tgkneue EM:&tbnh=93&tbnw=127&prev=/images?q=Bungalow&gbv=2 &hl=en&sa=G 04/03/2020 3 Maths for Business - INU0111/0511 Which Area? You need to choose: Either Gosforth or Jesmond from Area A And Either Byker, Walker or Wallsend from Area B
  • 16. Maths for Business - INU0111/0511 Collecting data… You could obtain your data: • From “The Journal” on Saturday • By asking estate agents for their in-house magazines – Estate agents specialise in different areas. But it is much easier • to visit estate agents’ websites. – These can give you lots of raw data • . . . www.rightmove.co.uk Maths for Business - INU0111/0511 Creating your tables…Organising your data Street Number of Bedrooms Type of House Price The Drive 5 Semi-detached £675,000 Area A = Jesmond or Gosforth Area B = Wallsend, Walker or Byker For each area a table like this may be helpful as you start to sort out the raw data Remember that you will need one
  • 17. table for each area. At least 30 houses from each area. 50 to 100 houses from each would be better! Area AArea BGosforth Maths for Business - INU0111/0511 All your data . . . You need to compare the whole set of data for the two areas. Maths for Business - INU0111/0511 Breaking your data up.. • When you are done with the whole of Area A and Area B, start looking at the categories. • Look at the prices of houses by number of bedrooms and create boxplots for 2, 3, 4, more than 4 bedrooms where appropriate • You can compare within each area and between each area Maths for Business - INU0111/0511 Another possible hypothesis? There is a link between the price of a house and . . . http://www.rightmove.co.uk/ 04/03/2020
  • 18. 4 Maths for Business - INU0111/0511 Analysing your data… Note that you have quantitative data, which is discrete, (measured in £). Consider the types of charts and graphs that we have used. Which is most suitable? Can you use boxplots? Is this a good way to communicate information? What others are useful? Histograms? How do you compare two sets of data, e.g. 3 bedroom houses in Jesmond with 3 bedroom houses in Walker. Maths for Business - INU0111/0511 Analysing your data… What types of calculations are you going to do? • To show the centre of the data? The middle or measure of location? •To show the spread or the measure of dispersion of the data? Maths for Business - INU0111/0511
  • 19. Remember . . . . Whose data is it? Use Excel and Geogebra Maths for Business - INU0111/0511 Using Excel… Draw your boxplots using Geogebra, Excel 2016 or any other Statistical software Choose appropriate scales. Mean: = AVERAGE(D1:D60) Median: = MEDIAN(D1:D60) Standard Deviation: =STDEV.P(D1:D60) Maths for Business - INU0111/0511 Presenting your data… Do not just present lots of bar charts, pie charts and boxplots. You need TABLES with medians, inter-quartile ranges, means and standard deviations. Maths for Business - INU0111/0511 Presenting your data… Find the Median and the Quartile positions for the two areas using ALL your data. Then present this data as two boxplots….
  • 20. 50000 100000 150000 200000 250000 House Prices Area A Area B 04/03/2020 5 Maths for Business - INU0111/0511 What you need to include … • A front cover with a title and your name. • An introduction to say what you expect to find from your observations of the areas and a brief background of the chosen areas. • A discussion of where you got your data from. • A discussion about how you chose your data. • Tables of data. • Charts or graphs • A discussion of what you have found. • Conclusions about the house prices in the two areas.
  • 21. • A list of raw data as an appendix. Maths for Business - INU0111/0511 Write a REPORT Maths for Business - INU0111/0511 Email : [email protected] [email protected] Maths for Business - INU0111/0511 Now . . . You need to . . . Collect Some Data How? From Where? mailto:[email protected] mailto:[email protected] JesmondJesmondStreetTypeNo. of bedroomsPrice (£)DetachedNumber of BedroomsFrequencySemi- detached1Terraced2Flat3Bungalow45MeanMedianModeStandar d deviation BykerBykerStreetTypeNo. of bedroomsPrice (£)DetachedNumber of BedroomsFrequencySemi- detached1Terraced2Flat3Bungalow45MeanMedianModeStandar d deviation Sheet3
  • 22. Maths for Business INU0111 Semester 2 Project Deadline: Tuesday March 24th - 12:00 noon 2 | P a g e Aims of the Project The aim of this project is to explore the price of properties for
  • 23. sale in two areas of Newcastle upon Tyne. You are to write a report comparing the properties available and their prices for two specific areas of Newcastle upon Tyne. You are expected to use the statistical methods that you are learning on your course. Background Newcastle upon Tyne, like many major cities, grew up from separate, small villages. Centuries ago, the River Tyne had a town called Newcastle around the “new castle” built by the Normans and there were settlements outside this now known as Walker, Byker, Wallsend (where Hadrian’s Wall ended), 3 | P a g e Gosforth, Jesmond and many others. When the Industrial Revolution came to the North-East, Newcastle became a centre for coal exports, shipbuilding (on
  • 24. the River Tyne from Wallsend to Walker and up the river at Scotswood and Elswick) and other “heavy” industry. Indeed, the river became the most important resource the area had. Even today, Geordies are very attached to “their” river. With all the heavy industry came a workforce. In a time when public transport was limited, workers lived near their place of work. In very simple terms, properties near the river were built to house the workers and areas away from the river grew up to house those who were better off. Most of the heavy industry has gone now but many of the properties remain. The sometimes- narrow cramped streets and often small terraced properties of Walker, Wallsend and Byker are a reminder of those days. Jesmond (about 2km north of the river) and Gosforth (a little further north) grew up away from the heavy industry. This was where the
  • 25. people with wealth lived. Some streets (such as Mitchell Avenue in Jesmond or Elmfield Road in Gosforth) still contain very expensive properties dating from the late 1890’s and early 1900’s. Elsewhere in Jesmond and Gosforth, prices never quite reach these levels but are much higher than the sites where heavy industry once housed its workforce. 4 | P a g e Types of Properties Properties in the UK come in many shapes and sizes. There are detached properties in their own grounds and semi-detached, which share a central wall with another house. There are also terraced houses (a row of properties). Then there are bungalows (just a ground floor, no upstairs) and apartments
  • 26. (part of a block). There are also properties called Tyneside flats. These are (usually) a terraced house divided so that someone lives upstairs and someone lives downstairs (and they have separate front doors). There are other types too, so be very careful in your categorisation. Terraced Houses Tyneside Flat Detached House Semi-detached House Block of flats Bungalow Apartment Block 5 | P a g e How to tackle this project…? You need to write a report. You must choose ONE location from each area and
  • 27. collect data on prices of houses, number of bedrooms in each house and type of each house. You will need to create a table of data with column headings that look like this: Area A Street Number of Bedrooms Type of House Price Repeat for Area B The first thing you are going to have to do is to collect some data. Have a look at the map on the page 2. The areas outlined in blue dashes (Area A: Jesmond and Gosforth) and red dots (Area B: Wallsend, Walker and Byker) are the places you are looking for data. There are newspapers that contain information about properties for sale. HOWEVER, the simplest way to find data is to use ESTATE AGENTS’ websites.
  • 28. Make a note of where you obtained your data because you will need to reference it. You need at least 30 properties from each area (at least 60 in total) for this project. However, between 50 and 100 properties from each area would be better. Try to make the sample REPRESENTATIVE of the population of all the properties available in the two areas that you have chosen. Do not just choose many 3-bedroom semi-detached properties (even though there are a lot of these about). Also, do not just choose the first few properties on a website, as they may be the most expensive or least expensive properties available. 6 | P a g e The best way to create your table of data is to use Microsoft Excel. When you have collected all your data, print off a full list sorted so the most expensive
  • 29. properties are at the top of the list and the cheapest is at the bottom. Explaining what you are doing and why is important. Break your data up now into the two areas, A and B. What types of properties are available in these two areas or how many properties are there with 1, 2, 3, etc. bedrooms? You will need to make a comparison between the two areas. Consider using tables, graphs and comments. Considering all the data for each area calculate some statistics. Find the measures for the centre and for the spread of the prices. Display your two sets of data graphically. Now make some comment about what you have found. Do not just “do statistics”; analyse them. You could now break your data up into smaller categories. For example, draw graphs to show the prices of 2-bedroom properties in the 2 areas, then for the 3-bedroom properties (or detached properties, or semi-detached
  • 30. properties). Drawing conclusions and using the statistics that you have calculated is an important skill. Top marks can be obtained by writing between 1000 and 1500 words. The Project will be marked out of 100 according to the following criteria: 7 | P a g e For further details, please see Blackboard. Additional Advice.
  • 31. what you hope to find. need to say how you chose your sample of properties. expected. evidence that you have collected. Submitting the project You must submit your project by 12:00 noon on Monday March 23rd. You must upload your project to Turnitin using Blackboard. You do NOT
  • 32. need to hand in a paper copy of your project. Late submissions are liable to be penalised. If you have any problems, you must contact either Adrian or Yvonne by email before the submission time: [email protected][email protected] mailto:[email protected] mailto:[email protected]