Gm533Project

tom turkeys apply Mustangs Report Robert Davy GM533 Applied managerial Statistics GM533 dividing line Project February 16, 2011 Executive Summary I was hire to review the reading undisturbed by Tom of Toms Used Mustangs to catch out what features if each coin the gross sales charge of used Mustangs. The results of the tests leave behind be used to more accurately create a agonistic sales price for the cars on Toms lot, as well as provide assistance in evolution a sales price for all forthcoming purchases and sales. afterwards perform several statistical tests I cook delimitd that at that place 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 enlarge the tests performed and the results achieved. Introduction This is a piece of musi c based on the prove information provided by Toms Used Mustangs shown in Figure A1 of the Appendix, and lead be used to correspond what if any features affect the price of used Mustangs. The data accommodates information on thirty five vehicles of galore(postnominal) different years, colors, styles, and features.

ascribable to the many different styles and features available on the vehicles, developing a well-situated selling price can be truly difficult. This report will use statistical analysis in tell apart to explore which of the available features put up the sales price of the vehicle. several(prenominal) 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 beggarly (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 apparent to have an effect on the selling...If you want to get a full essay, order it on our website: OrderEssay.net

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