MATH 141 Used car math assignment
Business Finance
PROBLEM SITUATION:
In this project you will collect and analyze information about the prices of a particular make and
model of used car.
DATA GATHERING
With your group, choose ONE make and model of car. For this project, a good choice is a car
an average person would buy. Avoid specialty cars or extreme luxury cars. Also, choose a car
that has been in production for some time so that used cars exist.
Search for used cars on the Internet. A good site is
If you use this site, you will first choose the make of car, enter your zip code, and then
choose Find Used Cars. You can then choose a model, choose the default range of years and
then choose a distance of 100 miles from your zip code. Once you get the list of cars, you can
sort by year.
Record the prices of 15 used cars, one from each year, 1999-2013. For each year, choose a
car of what seems to be average price. For example, suppose that for 2004 most of the cars
you find are priced from $6,000-$8,000. Choose one within that price range. Don’t choose
the really beat up one priced at $1000; likewise don’t choose the rare, highly accessorized
one priced at $12,000. Get an idea of what the typical used price is for each year, and choose
a car of ‘average’ price.
All of the directions are in the files
