Gm533Project

tomcats apply Mustangs Report Robert Davy GM533 Applied managerial Statistics GM533 dividing line Project February 16, 2011 Executive Summary I was chartered to review the reading undisturbed by Tom of Toms Used Mustangs to catch out what features if some(prenominal) assume the gross sales charge of used Mustangs. The results of the tests leave behind be used to more accurately create a combative sales price for the cars on Toms lot, as well as provide assistance in create a sales price for all forthcoming purchases and sales. afterwards do several statistical tests I cook delimitd that in that respect 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 particular proposition the tests performed and the results achieved. Introduction This is a newspaper based on the judge information provided by Toms Used Mustangs shown in Figure A1 of the Appendix, and lead be used to typeset what if any features affect the price of used Mustangs. The data involves information on thirty five vehicles of numerous different years, colors, styles, and features.

ascribable to the many different styles and features available on the vehicles, developing a contented selling price can be truly difficult. This report will use statistical analysis in install to explore which of the available features heart and soul the sales price of the vehicle. some(prenominal) of the tests w e 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 think (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 potential to have an effect on the selling...If you want to get a full essay, order it on our website: BestEssayCheap.com

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