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
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|
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 < 225,000| 7| 27|
225,000 ≤ X < 295,000| 6| 33|
295,000 ≤ X < 450,000| 6| 39|
450,000 ≤ X < 785,000| 4| 43|
785,000 ≤ X < 1,200,000| 7| 50|
Histograms differentiating the house prices in walker and jesmond. Walker
The histogram shows the mode of the house prices in walker and the prices are considerably focused within the range of £50,000-£500,000. The right-most column shows the highest price of houses in walker, which is about £500,000. Jesmond
There is a substantial difference between walker and Jesmond in terms of the house prices. The histogram shows that the most common price in Jesmond is about £100,000-£400,000 and it is almost twice as high as walker. The highest price in jesmond £1,200,000 is about 3 times more than that of walker. Average.
The mean, median and mode are shown below in other to distinguish the differences between walker and jesmond. Determining this averages is beneficial for the research prior to comparing each type of house. Jesmond
The above table shows the mean, median and mode price of houses in Jesmond. The average price is about £350,000, while the mode is about £210,000 and the median is about £280,000. Walker
In contrast, the above table and graph of house prices in walker has shown a major difference from Jesmond. The average price in walker is about £145,000, which is about 3 times lower than that of Jesmond. Moreover, the median price is about £125,000, which is roughly 2 times lower than that of Jesmond, while the mode is about £175,000. The important difference between Jesmond and walker should be considered. According to the graph, the mode price...