Tom's Used Mustangs

TO: Tom, Owner of Toms Used Mustangs FROM: Larry Nelson, Statistician consider: 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 amend your knowledge of the values of employ Mustangs, so that you argon capable to provide more stainless sales legal injury for your Mustangs. The sideline is what the data consisted of and the results of my analysis. Data The data consisted of 35 Mustangs with many assorted positions that had to be considered in the analysis such(prenominal) as: if the Mustang is a transformable, the choose on with of the Mustang, miles, type of transmission, air conditioning, list of cylinders in the motor, the contort 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, commixture Rims. The data was canvas and the results are displayed below. Results After the data was analyzed, the damage 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, construe 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 impart 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 significant to the price due to the significant value in th! e analysis is .8432. The Mustangs price is dependent upon is if it is a convertible and there is pie-eyed evidence of this conclusion, see Figure 2. On a surpass 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 birth a full essay, order it on our website: OrderEssay.net

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