The value of car number plates
Economists have statistically analysed the effects of certain letter and number combinations and their significance to owners in determining the value of personalised number plates for cars.
Having a persons surname in a number plate raises the plates value by £1300. An S at the start of a number plates raises its value by £1000. An F lowers it by about £500.
The statistical formula for determining the value of a plate, where all number are in British pounds follows. (Assign the value 1 to a true statement or 0 to a false statement for true/false variables.)
Price = 4619 (0.352xLot Number) + (2596xBeing in a Classic Collection) + (1122xFirst Name) + (1256xSurname) (1149xHaving 2 Letters) (2125x3 Letters) (2714x4 Letters) (3015x5 Letters) (780x2 Numbers) (829x3 Numbers) (3105x4 Numbers) (565xFirst Digit F) + (1072xFirst Digit S) (1042xFirst Digit is a 2) (717xFirst Digit 3) (832xFirst Digit 4) (700xFirst Digit 5) (686xFirst Digit 6) (796xFirst Digit 7) (553xFirst Digit 9)
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