confidence interval and hypothesis testing for population means .regression analysis,

Oct 29th, 2014
Anonymous
Category:
Accounting
Price: $30 USD

Question description

working with a client who wishes to buy a used Chevrolet car less than one year old and in excellent condition. The client is perplexed by the variability of used car prices in Waltham. Despite your eloquent explanations, it seems that the client will not be satisfied until she understands the quantitative relationship between used car prices and car characteristics. You decided to use a multiple regression model to provide the client with the necessary information. You selected a representative sample of 320 used Chevrolet cars sold in Waltham in the first quarter of this year and collected data on their prices and different characteristics. Write a non-technical brief report in which you explain to your client what factors determine used car prices in Waltham. The “non-technical report" means that it is appropriate for all readers, and not to those mainly interested in statistical methodology. That is, assume that your client has minimal knowledge of statistics, and try to explain to her your findings and conclusions in a simple language


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