Reasonable asking price for the escape

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Reference no: EM1393374

A car owner is interested in selling his 2005 Ford Escape with an odometer reading of 102,000 km. Going to the autotrader.ca webcite, he observes that there are 16 Ford Escapes manufactured from 2004 to 2006, with 80,000 to 125,000 km. The asking prices for these cars are:

$11850,$13888,$13900,$13988,$13990,$13995,$14500,$14995,$15850,$15988,$15995,$16987,$15988,$16995, $16995.

All of these cars are for sale by dealers. Produce a dotplot of the prices and comment on features of the dotplot. Suggest a reasonable asking price for the 2005 Escape. Explain your reasoning.

Reference no: EM1393374

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