Home > Statistic of the Week > Archive List > Detail

<< Prev 1/7/2007 Next >>

New Car for the New Year

In 1925, a new car cost an average of $1,732.

In 1981, a new car cost an average of $7,165.

Assuming growth is linear, what is the expected cost of a new car in 2007?

Assuming growth is exponential, what is the expected cost of a new car in 2007?

Which model seems the most appropriate? Why?