Tom's Used Mustangs

TO: Tom, Owner of Toms Used Mustangs FROM: Larry Nelson, Statistician DATE: gossamer latitude 2010 SUBJECT: abbreviation of Used Mustangs Upon your request, I moderate analyse the information that was stomachd to me in assisting you in improving your familiarity of the values of employ Mustangs, so that you argon able to provide more stainless sales set for your Mustangs. The following is what the data consisted of and the results of my psychoanalysis. Data The data consisted of 35 Mustangs with many an(prenominal) different stages that had to be considered in the analysis such(prenominal) as: if the Mustang is a transformable, the get on with of the Mustang, miles, character of transmission, air conditioning, list of cylinders in the motor, the color of the Mustang, GT model and if the Mustang was have by a dealership or a clubby owner. positively charged a theoretical item was added to the data, Alloy Rims. The data was analyzed and the results atomic number 18 displayed below. Results after the data was analyzed, the price of the Mustang was underage 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 centerfield of the price wander for the utilise Mustangs, jibe Figure 1. Plus it was tack together 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 year old apply Mustang GT Convertibles price give f exclusively amidst $15,277.07 and $17,172.66. As an added value, a sibylline item, Alloy Rims, was added to the data and it was found that they would not be monumental to the price due to the epochal value in the analysis is .8432. The Mustangs price is dependent upon is if it is a convertible and on that point is strong evidence of this conclusion, see Figure 2. On a scale 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 add in the price. So, the price of the Mustang = $7,281.20 +...If you motivation to get a salutary essay, order it on our website: Orderessay

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