Tom's Used Mustangs

TO: Tom, Owner of Toms Used Mustangs FROM: Larry Nelson, Statistician experience: celestial latitude 2010 SUBJECT: Analysis of Used Mustangs Upon your request, I have analyse the information that was provided to me in assisting you in improving your knowledge of the values of employ Mustangs, so that you argon qualified to provide more stainless sales expense for your Mustangs. The adjacent is what the data consisted of and the results of my analysis. Data The data consisted of 35 Mustangs with many several(predicate) points that had to be considered in the analysis such(prenominal) as: if the Mustang is a transformable, the aim on with of the Mustang, miles, type of transmission, air conditioning, list of cylinders in the motor, the colourize of the Mustang, GT model and if the Mustang was owned by a dealership or a private owner. Plus a hypothetical item was added to the data, metallic element Rims. The data was analyse and the results are displayed belo w. Results After the data was analyzed, the wrong of the Mustang was dependent upon if it was a convertible, age of the Mustang and if it was a GT. The price of the Mustang, $8193.89 is in the middle of the price wander for the used Mustangs, chatter Figure 1. Plus it was found what the evidential items are: if the Mustang is a convertible, age of the Mustang, and if it is a GT.

The first fundamental item that was analyzed is the convertibles. With a 95% confidence that a 1 family old used Mustang GT Convertibles price ordain fall between $15,277.07 and $17,172.66. As an added value, a hypothetical item, Alloy Rims, was added to the data and it was found that they would not be s ignificant to the price due to the significa! nt value in the analysis is .8432. The Mustangs price is dependent upon is if it is a convertible and there is firm evidence of this conclusion, see Figure 2. On a ordered series of the Mustang prices, the middle of all the prices is $7,281.20 and having a convertible, there will be a $3,194.40 increase in the price. So, the price of the Mustang = $7,281.20 +...If you want to crush a full essay, order it on our website: OrderEssay.net

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