[Solution] The retail/ auction price of a bottle of the 1986 Vintage Cape Mentelle cabernet is shown below for each of the years 1990 to 1996. Draw a graph


Question: The retail/ auction price of a bottle of the 1986 Vintage Cape Mentelle cabernet is shown below for each of the years 1990 to 1996.

  1. Draw a graph of the data on the same diagram as question 4 and join the successive points.
  2. Comment on the trend of this graph and make a comparison between both graphs.
  3. Which of the two wines appears to have appreciated most in value? In View of the trends which do you think is likely to be the more valuable today?
  4. (Optional) See if you can find the price that these wines are fetching today. Do these prices confirm the trends of the graphs and your answer in (c)? If not then discuss What might have happened. (The current prices can be found in a publication like Langton’s Australian Fine Wine Investment Guide if you happen to have access to one, or may be available on the web, or by phoning a wine auctioneer.)

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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