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A sample of 180 used Honda Accord prices (US $) and year manufactured are taken from https://www.kaggle.com/datasets/austinreese/craigslist-carstrucks-data The sample is used to determine an
A sample of 180 used Honda Accord prices (US $) and year manufactured are taken from https://www.kaggle.com/datasets/austinreese/craigslist-carstrucks-data The sample is used to determine an average car pricees for cars manufactured on a same year. The age of cars also calculated, assuming 2022 is the year 0. The table shows the average price and the age of the cars. Price 32186 72900 2021 21334 2021 34490.5 38846.05 Year Manufactured Age (years) Average Price (US$) 2021 1 42601.5 2 3 99950 2021 4 25788.45 22602 2021 5 27078.75 21334 2021 6 19184.75 49897 2021 8 22544.75 40900 2021 9 29668 2021 10 14965.15 14240.75 45542 2021 (a) Is there a relationship between the average price and the age? Use a chart to visialize it. 45306 2021 38615 2021 20998 2021 38615 2021 40900 2021 40900 2021 64000 2021 54995 2021 25194 2021 46194 2021 43590 2020 42590 2020 32990 2020 30590 2020 20990 2020 35990 2020 27590 2020 31590 2020 39590 2020 34990 2020 37990 2020 39990 2020 39590 2020 39990 2020 27990 2020 33990 2020 36800 2020 24990 2020 27990 2020 39990 2020 44495 2019 32980 2019 59980 2019 69895 2019 24000 2019 60980 2019 26750 2019 25995 2019 31980 2019 59980 2019 17300 2019 33980 2019 18998 2019 55995 2019 56995 2019 49980 2019 (b) How would you estimate the average price for a 7-year-old Honda Accord? (c) What other variables may influence the average price of a Honda Accord?
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