Case Introduction

Early this year, you joined, as a data analyst, the Business Intelligence Team of AutoMax, a used-car retailer in Salisbury, MD. The Team has been working on statistical models that can help understand the dynamics of used-car industry and, in particular, provide insights into pricing strategy. Your company recently obtains a sample dataset of used-car sales records and your team is now tasked to explore the dataset. The following table summarizes variables included in the dataset.

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