Investigating How the Prices of Used Cars Vary From New Cars
PLAN
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I am going to investigate how the prices of used cars vary from new
cars. I am going to sample all the cars that are two years of age and
under and compare it with cars that are in the range of five to eight
years old. I am going to compare two different cars makes with each
other and I am also going to sample out all of the cars with the
mileage of 70,000 and less and compare it the price of the cars with
the mileage of more than 70,000.
I will plot the prices of cars on different graphs, draw a line of
best fit and compare it with the others. So I will have three
different types of graphs that are going to be age against price, make
against the price and mileage against the price.
I collected the following data for my coursework:
No.
Present Price
Price when New
Age
Make
Mileage
Engine Size
1
£6,970
£11,600
3
Ford
24,000
1.6
2
£3,350
£7,100
7
Peugeot
85,000
1.1
3
£3,995
£13,800
6
Ford
52,000
2.0
4
£5,300
£16,300
6
Vauxhall
70,000
2.0
5
£6,500
£8,700
3
Fiat
24,000
1.2
6
£1,500
£8,700
9
Vauxhall
82,000
1.6
7
£995
£8,500
9
Ford
102,000
1.8
8
£3,000
£10,400
7
Vauxhall
63,000
1.7
9
£7,495
£9,770
1
Vauxhall
test. I will test these using a given data set. If I need to take more
because of the line of best fit. Using line of best fit means I can
one of the most majestic cars created. Nick?s comments on the vehicle describe its luster, ?...and
gearbox and airbags. I have also got rid of the cars that do not have
“Encyclopedia Smithsonian: Early Cars: Fact Sheet for Children.” Encyclopedia Smithsonian: Early Cars: Fact Sheet for Children. N.P., n.d. Web. 15 Feb. 2014.
61/100´30 = 18, so 18 cars out of 100 cars of medium engine cars will
car?' I am going to do a tax disc survey. This will show me where cars
old. If you have a moderately old to very old model vehicle you will probably be looking to buy used auto parts
We will be renting a car, both of our cars aren’t big enough for us all to fit in. My mom wants a minivan, she thinks that is the most practical. Too bad she is outnumbered in my house! The car I think we will be taking is the Premium Chrysler 300 with extra legroom for all of us boys. That car is a real nice. If we get that
Automobiles! You just have to have one in this fast paced world! In the United States automobiles are necessary. People need to move from point A to point B. These points can be as close as a few hundred feet or even range up to a few hundred miles! When making these trips safety is a priority. There are hundreds of thousands of automobiles on the roads across the nation and if safety was not considered, thousand would be injured or even killed daily! Automobile safety has come a long way over the years and as every day goes by more and more new ways are created to keep drivers, and their passengers, safe on the road.
I have been single for most of my life. I have dated a few guys but never really found what I was looking for. So I thought about it, what do I really want in a man? What kind of future husband do I want? I desire a wide selection, with many options for each man. After thinking about it, I realized that my future husband is a lot like a used car.
A vehicle is one of the biggest purchases a person will ever make. Over the years, the prices of an automobile have increased due to the rise of inflation. Due to a price index, the price of an automobile changes over a certain period of time. Economists compare averages of automobiles to calculate the cost of each vehicle that presents itself on a car lot. When all of the above is calculated within the purchase of an automobile, it affects every area of making the automobile to selling the automobile. All of these factors are impacted together for the automobile industry as a whole.
Intuitively, a cost-plus approach sets a lower boundary for the selling price. Yet to pitch a competitive price on the market, it takes more than that. The demand forecast advocates opting for the lowest selling price which yields the highest return. A market penetration strategy necessitates thorough knowledge of the selling prices of the nearest competitors and their retaliation potential. Ideally, the lowest price in the market of £10,400 dictates the upper ceiling of AUDI’s price discretion. However, setting initially a too low price in the hope for increasing it subsequently is not a viable option, as prices are somewhat inflexible upward. Instead, costs have to sink in the long run. Nevertheless, claiming a larger market share will allow AUDI to deftly climb the steep learning curve, lower its costs and further mobilize against market followers. A high price elasticity of demand insinuates that profit margins will continue to soar, if selling prices are reduced any further. As the point of maximum profit is apparently not yet reached, the company is advised to extend the range of the forecast. But is the highest profit naturally the best profit?
When you order your new car online you have a wider variety of choices then you would...
In addition to the car model and color choices were decisions on options packages. And having seen the "pimped out" SUVs on MTV Cribs, complete with two or three LCD screens (one in the dashboard for the driver, of course), DVD player, speakers costing more than my college education, GPS navigation systems similar to those used in the Space Shuttle, heated seats, and 20 inch chrome wheels, my eyes were wide with opportunity. After checking on financing and whittling down the alternatives to what I might really need or want, I ended up with the most basic of standard packages.