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Tom Jones, Owner of Tom’s Used Cars

In: Business and Management

Submitted By kreations9776
Words 1762
Pages 8
Table of Contents
Introduction 3
Examples of the buying guides 3-4 General information and definitions 4 Hypothesis test 6
APENDIX A 10
The scatter graph of Mustang Price vs. Convert 10
The scatter graph of Mustang Price vs. Age 10
The scatter graph of Mustang Price vs. Miles 10
The scatter graph of Mustang Price vs. Transmission Type 10
The scatter graph of Mustang Price vs. Cylinders 10
The scatter graph of Mustang Price vs. Color 10
The scatter graph of Mustang Price vs. Grand Tourers 10

How much I want to spend.
TO: Tom Jones, Owner of Tom’s Used Cars
DATE: 7/26/2011
SUBJECT: Analysis of asking car prices (Used Mustangs)

Please find below the results of the analysis of the asking prices of used cars with different characteristics.
Introduction
Buying cars is one of the most critical things in our life. We need to research different categories before we spend our dollars, and we must establish buying guides.
Examples of the buying guides are:
1) I have to know exactly how
2) I have to know what car I want and what car meet my criteria.
These guides will help us decide how much you can afford to spend, whether you should look at a fancy car or regular car, whether you should look at car with grand tourer (GT) or without grand tourer, style, transmission type and a myriad of other factors.
The borderline that we agreed on as a team is the car reliability, quality, performance, and power. On this specific case study we would like to study several variables and research these variables effects. The car price, which is the car age, odometer reading in miles, type of the transmission, the number of cylinders in the engine, if there is air conditioner in the car or not, the car’s color, determine if it is GT model. Lastly, the last variable is to see if the price is determined if it is a private owner or dealer owner.
We would...

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