A car enthusiast is interested in studying the relationship between the asking price of used cars and their age. Which is more naturally the explanatory variable?
A car enthusiast is interested in studying the relationship between the asking price of used cars and their age. Price of used cars are never be above the initial price of the car. And we can use maintenance duration, car's current condition, and additional accessory as adjustment variable. The average mark up on a used car is the difference between what it is sold for and what the dealer paid for it. A typical mark up is between 25 and 45 percent, which may / may not include repairs and processing fee. In determining the price of a second-hand cars, the variable that we can use is the initial price, when the first owner of the car buy it. Auto experts said that the lowest price for a reliable used car is about $2,500. But they're quick to note that every additional $1,000 in your budget will allow you to get a newer car that's been driven fewer miles
Grade: 9
Subject: social studies
Chapter: price of used cars
Keywords: price of used cars
