This histogram shows the price in dollars of 218 used cars. (a) Suppose we converted the prices

Question:

This histogram shows the price in dollars of 218 used cars.

60 - 40 30 20 10- 20,000 25,000 30,000 35,000 40,000 45,000 Dollars Count

(a) Suppose we converted the prices of these cars from dollars to euros, with an exchange rate of 1.1 dollars per euro. Describe the histogram of the prices if denominated in euros.

(b) Cars are often sold with an additional dealer preparation fee that gets added on to the listed price. If the actual cost of each of the cars shown in this histogram goes up by $500, how does the histogram change?

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...

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