For this exercise, we define the resale rate of a car to be the percentage of the

Question:

For this exercise, we define the resale rate of a car to be the percentage of the sticker price the car is worth 5 years later. The resale rates of the cars with the 5 best resale rates are described by the bar graphs in Figs. 118 and 119.
Fig. 118

Fig. 119

a. If Toyota wants to convince potential customers how much better the resale rate of its FJ Cruiser is than the other four cars described in the bar graphs, which bar graph would it display? Explain.
b. If Lexus wants to convince potential customers that the resale rate of its ES 350 is very close to the resale rate of the GL 350, which bar graph would it display? Explain.
c. From which bar graph can you better estimate the resale rate for a Corvette Stingray? Explain. Estimate the Stingray€™s resale rate.
d. In Boston, Massachusetts, the base price of a 2014 Impreza WRX Hatchback is $25,549. Estimate the resale value (the dollar value in 5 years).
e. In Glen Ellyn, Illinois, the 2014 base price of an ES 350 is $71,005 and the 2014 base price of an FJ Cruiser is $27,230. Find the difference in base prices of the ES 350 and the FJ Cruiser. Then estimate the difference in the resale values of the two cars. Compare the two differences.