Middle School Activity, Based on Problem 6

Based on AP* Statistics Problem 6, 1997

You are planning to sell a used 1988 automobile and want to establish an asking price that is competitive with that of other cars of the same make and model that are on the market. A review of newspaper advertisements for used cars yields the following data for 12 different cars of this make and model. Take this information and construct a graph with a meaningful scale and intervals. From your graph, estimate the cost of the 1988 automobile. Justify your answer. Estimate the cost of a 1995 automobile. Justify your answer.

Production Year	1990	1991	1992	1987	1993	1991	1993	1985	1984	1982	1986	1979
Asking Price (in thousands of dollars)	6.0	7.7	8.8	3.4	9.8	8.4	8.9	1.5	1.6	1.4	2.0	1.0