CourseLover

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Teaching Since: May 2017
Last Sign in: 192 Weeks Ago
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Marketing Posted 15 Jul 2017 My Price 10.00

Use Craigslist website to research the correlation between the advertised price of a car

Craigslist Project

Use Craigslist website to research the correlation between the advertised price of a

car and the mileage of that car.

To control all other factors, narrow your search to a SPECIFIC make/model and

specific year.

Use at least 30 cars!!!!!!!

Examples: Honda Civic 2010, or ford fusion 2012.

Your report MUST be typed in a word document. It must include;

1) A short description of your project including the make, model, and model

year of the car you researched.

Example 1: Honda Civic 2013.

Example 2: Ford fusion 2012. 2) List of data collected (Mileage and price) in a table.

3) Identify the explanatory variable (x) and the response variable (y) based on

your selection.

4) Using StatCrunch,

a) Create a summary stats, then copy from StatCrunch and paste into the

word document.

b) Find the regression equation, r, and r2 , then copy and from Statcrunch

and paste into the word document.

c) Create a scatterplot, then copy into word document.

5) Based on r , r2 , and the scatterplot, Comment on the form, direction, and

strength of the prediction equation.

6) Predict the price of a car with 35,000 miles and 77,000 miles using your

equation if possible. Project 2 Name: _______________________________ Section: 00__ A) Project description: B) Data Collected:

Price Mileage Price Mileage Price Mileage

 

Page 1 of 2 C) The explanatory variable (x) is: The response variable (y) is:

The Summary Stats is:

2

The regression equation, r, and r :

D) The Scatterplot (Copy & Paste): E) Based on r , r2 , and the scatterplot,

i) The Predicted Price (in words) = ________________________________

ii) The Direction is: ___________________

The strength of the equation is: ___________________________

F) Based on the regression equation,

a) I can use the prediction equation to predict the price of a car

i) With 35,000 miles, and it is: $__________________

ii) With 77,000 miles, and it is: $__________________

b) I can’t use the prediction equation

because:______________________________________________________

_____________________________________________________________

 

 

Answers

CourseLover
(12)
Status NEW Posted 15 Jul 2017 04:07 PM My Price 10.00

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