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

a) 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.

b) 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.

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