The factors that affect the selling price

The assay was conducted in adjustment to actuate the factors that affect the affairs amount of Ford Mustang. In addition, the assay was conducted to actualize a archetypal that will adumbrate the affairs amount of Ford Mustang. The assay was conducted with a sample of 35 Ford Mustang cars and its agnate car data. The assay was done with the use of absolute samples t-test and one-way assay of about-face to actuate differences in the beggarly affairs amount amid altered categories. On the alternative hand, assorted corruption assay was conducted to actuate the factors that affect the affairs amount of Ford Mustang and to actualize a archetypal that will adumbrate the affairs amount of the Ford Mustang. After administering the analysis, the researcher has begin out several cogent results. The researcher begin out that there is a cogent aberration in affairs amount amid convertible and non-convertible Ford Mustangs (t = -2. 41 p = 0. 0216) and in the affairs amount amid GT archetypal Ford Mustangs and non-GT archetypal Ford Mustangs (t = -2. 30 p = 0. 0279). The researcher additionally begin out convertibility (t = 6. 839 p < 0. 001), age (t = -9. 597 p < 0. 001) and GT blazon (t = 5. 525 p < 0. 001) of the Ford Mustang affects the affairs amount of the car. And lastly, the researcher created a cogent archetypal that can adumbrate the affairs amount of the Ford Mustang (F = 53. 35 p < 0. 001). Introduction Background of the Botheration Ford is a motor aggregation in the United States. One of the capital articles of Ford Motors is the Ford Mustang. Although the car is already popular, the aggregation still wants to actuate the factors that affect the affairs amount of Ford Mustang. The aggregation wants to actuate such factors in adjustment to absolutely advance the marketability and profits with the sales of Ford Mustang. In addition, the aggregation wants to advance a archetypal that will adumbrate the amount of Ford Mustang cars. Assay Questions In adjustment to actuate such factors that affect the affairs amount of the Ford Mustang, the researcher formulated several questions that will be acclimated as adviser in adjustment to break the problem. The capital affair of the researcher is to actuate the factors that affect the affairs amount of the Ford Mustang and to actualize a archetypal that will adumbrate the affairs amount of the Ford Mustang. To acknowledgment this concern, the researcher formulated the afterward assay questions. • Is there a aberration in the affairs amount amid the categories in the afterward factors: a. Convertible Ford Mustangs and non-convertible Ford Mustangs b. Chiral blazon c. Air-conditioned and non-air-conditioned. d. GT and non-GT model. e. Buying of the car. • Is there a aberration in the affairs amount amid the altered colors of Ford Mustang? Using the aloft questions, the researcher came up with altered hypotheses bout for every catechism the researcher has formulated. The afterward are the hypotheses of the research. • There is no aberration in the affairs amount amid the categories in the afterward factors: a. Convertible Ford Mustangs and non-convertible Ford Mustangs b. Chiral blazon c. Air-conditioned and non-air-conditioned. d. GT and non-GT model. e. Buying of the car. • There is no aberration in the affairs amount amid the altered colors of Ford Mustang? Nature of Abstracts The researcher acclimated a sample of 35 Ford Mustangs with all the advice about the car that will be acclimated for the research. Some of the advice accustomed in the samples is the amount of the car, age of the car, the odometer reading, convertibility, car color, air-conditioning, chiral type, GT-model type, and the buying of the car. From the sample data, the researcher begin out no missing ethics that ability arrest the abstracts analysis. Assay and Methods Section The researcher acclimated anecdotic statistics in adjustment to call the abstracts and to accord the facts apropos the abstracts acclimated in the research. From the samples/data obtained, the researcher begin out that the beggarly $8,193. 89. This agency that the boilerplate amount of the Ford Mustang is $8,193. 89. The amount has a accepted aberration of $3,783. 47. The amount agency that an boilerplate advance of $3,783. 47 from the beggarly amount was begin from the data. With attention to the characteristics of the car, the researcher acclimated histograms in adjustment to call the data. Amount 1. Convertible Ford Mustangs Histogram. The researcher has begin out that best of the sample cars are non-convertible which accounts for 71. 4% of the absolute data. The convertible Ford Mustangs alone accounts for 28. 6% of the absolute sample data. Best of the Ford Mustangs are non-convertible. Figure 2. Ford Mustang Chiral Histogram. Best of the Ford Mustang from the sample has a chiral transmission. The chiral chiral Mustangs are 60% of the absolute sample. On the alternative hand, alone 40% of the sample has an automated transmission. Amount 3. Ford Mustang Air-conditioning Histogram. From the amount shows histogram of Ford Mustang Air-conditioning. From the figure, one can see that best of the Ford Mustang in the sample are air-conditioned which is 94. 3% of the absolute sample. One the alternative hand, alone 5. 7% of the sample is non-air-conditioned. Amount 4. Ford Mustang GT Archetypal Histogram. The amount shows that best of the cars in the sample are non-GT model. The Non-GT archetypal Mustang accounts for 62. 9% of the absolute sample while the GT archetypal accounts for 37. 1% of the sample Ford Mustang cars. Amount 5. Histogram of Buying of Ford Mustang. Buying of Ford Mustang is one of the key factors advised in free the affairs amount of the car. From the sample data, the researcher bent that best of the Ford Mustang is abreast endemic which sums up to 62. 9% of the absolute sample. On the alternative hand, banker endemic Ford Mustang has been added to 37. 1% of the absolute sample. The colors of the cars were additionally advised to be one of the factors that affect the affairs amount of a Ford Mustang. Some of the colors of the cars in the sample are maroon, silver, gray, red, blue, atramentous and white. Amount 6. Histogram of Ford Mustang Colors. Blush ability be a accessible factor. According to the figure, dejected and atramentous Mustang is the best accustomed in the sample with 25. 7% of the absolute sample for anniversary color. While, argent is the atomic accustomed with alone 2. 9% of the absolute sample of cars. Antecedent testing was acclimated to actuate differences in the prices of cars in altered factors that ability affect the car affairs price. One of the tests that were acclimated is absolute samples t-test. The t-test was acclimated to actuate aberration in factors with alone two categories. On the alternative hand, one-way assay of about-face was acclimated to actuate differences in the amount of variables with added than two altered categories. Lastly, the researcher will acclimated assorted corruption assay to actuate the factors that ability affect the affairs amount of Ford Mustang. All the tests were conducted at acceptation akin of 0. 05, with the accommodation to adios the absent antecedent back the p-value of the assay is beneath than the 0. 05 acceptation level. After administering all the tests, the researcher acquired the afterward after-effects from the tests (Peck, Olsen & Devore, 2008). Convertibility of Ford Mustangs The researcher acquired a t-statistic amount of -2. 41 for the aberration of the beggarly amount amid the convertibility of Ford Mustang. The agnate p-value of the assay was 0. 0216. Back the p-value of the t-statistic is beneath than the acceptation akin of 0. 05, the researcher alone the absent hypothesis. Chiral of Ford Mustang The researcher acquired a t-statistic amount of -0. 86 for the aberration of the beggarly amount amid the transmissions of Ford Mustang. The agnate p-value of the assay was 0. 3979. Back the p-value of the t-statistic is greater than the acceptation akin of 0. 05, the researcher bootless to adios the absent hypothesis. Air-conditioning of Ford Mustangs The researcher acquired a t-statistic amount of -0. 63 for the aberration of the beggarly amount amid the air-conditioning of Ford Mustang. The agnate p-value of the assay was 0. 5336. Back the p-value of the t-statistic is greater than the acceptation akin of 0. 05, the researcher bootless to adios the absent hypothesis. GT and Non-GT Ford Mustang The researcher acquired a t-statistic amount of -2. 30 for the aberration of the beggarly amount amid the GT and Non-GT archetypal of Ford Mustang. The agnate p-value of the assay was 0. 0279. Back the p-value of the t-statistic is beneath than the acceptation akin of 0. 05, the researcher alone the absent hypothesis. Buying of Ford Mustang The researcher acquired a t-statistic amount of -2. 01 for the aberration of the beggarly amount amid the clandestine ownerships and banker ownerships of Ford Mustang. The agnate p-value of the t-statistic was 0. 0526. Back the p-value of the assay is greater than the acceptation akin of 0. 05, the researcher bootless to adios the absent hypothesis. Blush of Ford Mustang The researcher acquired an F-statistic amount of 1. 73 for the aberration of the beggarly amount amid altered colors of Ford Mustang. The agnate p-value of the assay was 0. 1508. Back the p-value of the F-statistic is greater than the acceptation akin of 0. 05, the researcher bootless to adios the absent hypothesis. Factors affecting Affairs Amount of Ford Mustang Assorted corruption assay was acclimated to actuate the factors that affect the affairs amount of the Ford Mustang. The corruption assay was conducted at 0. 05 acceptation level. The accommodation is to adios the absent antecedent that the coefficients of the variables are not according to zero. After administering assorted corruption analysis, the afterward after-effects are obtained. The researcher begin out that the t-statistic associated with the account of the odometer of Ford mustang is according to -0. 035 with an associated p-value of 0. 9724. On the alternative hand, the t-statistic associated with the chiral blazon of Ford Mustang is 1. 169 with an associated p-value of 0. 2535. The researcher additionally begin out that the blazon of air-conditioning of Ford Mustang has a t-statistic amount of -0. 642 with a p-value of 0. 5267. In addition, the butt blazon of the Ford Mustang has a t-statistic amount of 1. 582 with a agnate p-value of 0. 1262. Lastly, the blush and the buying blazon of the Ford Mustang accept a t-statistic amount of -1. 198 and -1. 166 respectively. The variables additionally accept a agnate p-value of 0. 2420 and 0. 2548 respectively. Back the p-values of the declared variables are greater than 0. 05 acceptation level, the researcher bootless to adios that the coefficients of the declared variables are does not alter to zero. The researcher begin out that the t-statistic associated with GT blazon of Ford Mustang has a t-statistic of 5. 525 with a agnate p-value of beneath than 0. 001. In addition, the researcher additionally begin out that the convertibility of the Ford Mustang has a accord t-statistic of 6. 839 with a p-value of beneath than 0. 001. Lastly, the researcher begin out that the age of the Ford Mustang has a t-statistic amount of -9. 597 with a agnate p-value of beneath than 0. 001. Back the p-values of the t-statistic are beneath than 0. 05, the researcher alone the absent antecedent that the coefficients are not altered to zero. The researcher has additionally begin out that the R2 amount of the assorted corruption assay is according to 0. 951. The amount agency that the archetypal created by the researcher accounts for 95% of all the variations in the data. The researcher begin out that the F-statistic associated with the archetypal is according to 53. 35 with a agnate p-value of beneath than 0. 001. Thus, the researcher alone the antecedent that the coefficients of the archetypal are according to zero. Conclusion and Summary After allegory the abstracts apropos the factors that affect the affairs amount of Ford Mustang, the researcher begin several allegation apropos the data. The researcher begin out that there is a cogent aberration in affairs amount amid convertible and non-convertible Ford Mustangs (t = -2. 41 p = 0. 0216). In addition, the researcher additionally begin out that there is a cogent aberration in the affairs amount amid GT archetypal Ford Mustangs and non-GT archetypal Ford Mustangs (t = -2. 30 p = 0. 0279). With attention to the factors that affect the affairs amount of Ford Mustang, the researcher has begin out that from all the factors stated; alone three of the factors accept an aftereffect to the affairs amount of Ford Mustang. The researcher begin out that the GT blazon of the Ford Mustang has a cogent aftereffect to the affairs amount of Ford Mustang (t = 5. 525 p < 0. 001). On the alternative hand, the researcher additionally begin that convertibility (t = 6. 839 p < 0. 001) and age (t = -9. 597 p < 0. 001) of the Ford Mustang accept a cogent aftereffect to the affairs amount of the Ford Mustang. Lastly, the researcher begin out a archetypal that can be acclimated to adumbrate the affairs amount of a Ford Mustang. The archetypal is accustomed below. PRICE = 3,119. 3379*CONVERT – 1,277. 2089*AGE - 0. 00032349*MILES + 493. 6525*TRANS - 512. 3901*AIR + 227. 3458*CYL - 108. 1700*COLOR + 2,790. 5210*GT - 490. 3302*OWNER + 10,788. 9800 Although the researcher has begin alone three cogent factors that affect the affairs price, the archetypal still includes the alternative bush variables back the archetypal is cogent augur of affairs amount of Ford Mustang (F = 53. 35 p < 0. 001). The assay of the affairs amount of Ford Mustang was done to actuate factors that affect the affairs amount of the car. In addition, the assay was done to actualize a archetypal that will adumbrate the approaching affairs amount of Ford Mustang cars. The researcher has begin out that although some factors affect the affairs amount of Ford Mustang, the archetypal created is still advised alike back there are alternative bush factors. This is because the researcher begin the archetypal to be cogent due to antecedent testing. However, the researcher suggests administering several corruption analyses to actualize a archetypal that can adumbrate the affairs amount of Ford Mustang bigger than the archetypal created by the researcher. The abstraction is to use the cogent factors that affect the affairs amount of the Ford Mustang. The researcher was able to actuate factors that affect the affairs amount of the Ford Mustang. The factors that affect the affairs amount are the convertibility of the car, the age of the car and whether the car is a GT or a non-GT type. The researcher was additionally able to actualize a archetypal that will adumbrate the affairs amount of Ford Mustang. References Peck, R. , Olsen, C. & Devore, J. (2008). Introduction to statistics and abstracts analysis. Belmont, CA: Brooks/Cole, Cengage Learning. Garson, D. (2010). Assorted corruption analysis. Statnotes. Retrieved August 25, 2010 from http://faculty. chass. ncsu. edu/garson/PA765/regress. htm.

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