[See Steps] Recently I was shopping for a car and accumulated the data below. Price Mileage $20,000 19000 $25,000 17000 $18,000 20000 $40,000 13500 $31,000


Question: Recently I was shopping for a car and accumulated the data below.

Price Mileage
$20,000 19000
$25,000 17000
$18,000 20000
$40,000 13500
$31,000 14900
  1. Assuming that all the vehicles were comparably equipped and the same year, is the mileage a good predictor of price. In order to receive credit, you must prove you decision using the analysis methods learned in class. A mere answer of yes or no will not receive credit.
  2. After accumulating the above information, I received a quote of $16,995 for a car with 22,000 miles. Is this a good buy? Again, in order to receive credit, you must prove you decision using the analysis methods learned in class. A mere answer of yes or no will not receive credit.

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document

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