Robert Davy
GM533 Applied Managerial Statistics
GM533 dividing line Project
February 16, 2011
Executive Summary
I was hired to review the reading undisturbed by Tom of Toms Used Mustangs to catch out what features if any affect the sales charge of used Mustangs. The results of the tests leave behind be used to more accurately create a competitive sales price for the cars on Toms lot, as well as provide assistance in developing a sales price for all forthcoming purchases and sales. After performing several statistical tests I cook delimitd that there is evidence certain features do thus affect the sales price. However, knowing that certain features have an belief on the sales price of the used Mustang, does not ineluctably assist in determining what that sales price should be. The sections infra ordain detail the tests performed and the results achieved.
Introduction
This is a report based on the sample information provided by Toms Used Mustangs shown in Figure A1 of the Appendix, and lead be used to determine what if any features affect the price of used Mustangs. The data includes information on thirty five vehicles of many different years, colors, styles, and features.
ascribable to the many different styles and features available on the vehicles, developing a comfortable selling price can be truly difficult. This report will use statistical analysis in order to explore which of the available features effect the sales price of the vehicle.
Several of the tests we will perform called Hypothesis Tests allow us to determine the probable hood that a feature has some effect on the selling price of the Mustang. Other tests will include the mean (average), maximum, and minimum, prices (Figure A3) of the sample information some of which will be used as data for additional tests. Lastly, well be performing a test called Multiple Linear regression toward the mean which will allow analysis of which features are most likely to have an effect on the selling...If you want to get a full essay, order it on our website: Orderessay
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