1. The data below gives the invoice price and the suggested sale price for 9 sedans....
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1. The data below gives the invoice price and the suggested sale price for 9 sedans. Model Invoice Price MSRP 2021 Dodge Charger SXT $29,501 $29,995 2021 Hyundai Sonata SEL $24,524 $25,800 2021 Kia Stinger GT AWD $39,200 $41,790 2021 Mazda6 Touring $25,565 $27,075 2021 Nissan Altima 2.5 SV $23,673 $25,400 2021 Nissan Maxima Platinum 3.5L $39,405 $42,220 2021 Toyota Avalon Hybrid XLE $33,391 $37,100 2021 Toyota Camry LE $22,848 $24,970 2021 Toyota Prius Prime XLE $28,800 $30,000 Using the data given above, answer the following questions: a. Using Excel, provide the graph and the modeling equation. (5 points) b. What value can you expect with an invoice price of $35,000? (5 points) c. What does the number in part (b) mean? Write at least 1 sentence. (10 points) d. Can this trend continue? Why or why not? Explain your reasoning and provide concrete examples. (10 points) 1. The data below gives the invoice price and the suggested sale price for 9 sedans. Model Invoice Price MSRP 2021 Dodge Charger SXT $29,501 $29,995 2021 Hyundai Sonata SEL $24,524 $25,800 2021 Kia Stinger GT AWD $39,200 $41,790 2021 Mazda6 Touring $25,565 $27,075 2021 Nissan Altima 2.5 SV $23,673 $25,400 2021 Nissan Maxima Platinum 3.5L $39,405 $42,220 2021 Toyota Avalon Hybrid XLE $33,391 $37,100 2021 Toyota Camry LE $22,848 $24,970 2021 Toyota Prius Prime XLE $28,800 $30,000 Using the data given above, answer the following questions: a. Using Excel, provide the graph and the modeling equation. (5 points) b. What value can you expect with an invoice price of $35,000? (5 points) c. What does the number in part (b) mean? Write at least 1 sentence. (10 points) d. Can this trend continue? Why or why not? Explain your reasoning and provide concrete examples. (10 points)
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Posted Date:
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