Mathematical Skills for Business Decisions

Assignment: Coursework of five questions solved by computations, analysis and charts.

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Uploaded: April 28, 2016

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Abstract

The analysis of average house price by region or country from 1986 to 2013, reveals that, the

average house price in London has always been above the UK average, across all years from

1986 to 2013. Similarly, the North East average house prices are always below the UK

average. Moreover, across all years, the trend has been towards a rise in prices across all

regions except for 2008. Also, as compared to 1986, the 2013 average price for London has

increased almost 9 times, while it is around 5 times for UK and 3 times increment for North

East.

Similarly, an analysis of the mean house price by country, reveals that the period of recession

caused the house prices to decline in 2008. This decline was most prominent in Northern

Ireland, which witnessed a steep fall in prices. While the recession also affected the mean

house prices in overall UK along with Wales and England, there is almost no impact on the

mean prices in Scotland, where house prices seemed to be unaffected by the recession.