Correlation between Vehicle Ownership and Factors in European Countries

SG4011 Business Statistics
and Data Analysis

Table of Contents
INTRODUCTION...........................................................................................................................3
a. Scatter graph for different data................................................................................................3
b. Determine the closely correlated to vehicles per thousand population...................................5
c. Scatter graph for different data................................................................................................8
d. Determine which variable is closely related to vehicle ownership.......................................10
e. Best two regression equations................................................................................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The current report is based upon the AutoMobile Inc who is a car distributor and it wants
to expand the business into new market and that is why, through the study, report determine the
factors which actually examine the vehicle ownership in different European countries. The report
will describe the correlation between the factors such that vehicle per thousand population
against the income and population, population density and percentage of population in urban
areas. Further, report will describe the relationship between total vehicle ownership against
population, population density per km^2 and population in urban areas
a. Scatter graph for different data
For per capita income
Interpretation: As per the above graph, it is interpreted that when the country’s vehicle per
thousand population is increases which is also depend upon the per capita income. Also, if
people’s income will be higher than they will vehicle per thousand population will increases. So
there is direct dependencies between these terms

Interpretation: As per the above graph, it is interpreted that density is also depend upon the
population such that when the population density increases then it will also increase the number
of population as well. It is so because the trend is following in positive direction.
For population density