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Old 11-03-2009, 09:38 PM   #33
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So far, our collective mind says:

Although unorthodox, if you take the middle number of the range from each choice of the poll (ie $20K-$23K = $21.5K), our polled average turns out to be $22,365. So as a group (first 52 responses), we collectively think (w/ maybe a little bit of hope) that the base MSRP will be about $22,365.

Even more unorthodox will be to take a standard deviation from these non-ratio responses, but for shits and giggles, it is $2,744. So we might say that if this is an average situation, we can be ~84% sure the price will be +/- $2,744.

The good news is all that sounds reasonable, but the bad news is it is not technically the correct way to go about measuring predictions and reporting statistics. But for me, it is good enough as a rough yet reasonably obtained estimate, especially if you consider that we will know the *actual* price soon enough.

Category Midpoint # Resp % Resp Midpoint * %Resp
<$17,000 $15,500 1 1.92% $298
$17,000-$20,000 $18,500 6 11.54% $2,135
$20,001-$23,000 $21,500 28 53.85% $11,578
$23,001-$26,000 $24,500 12 23.08% $5,655
$26,001-$29,000 $27,500 4 7.69% $2,115
$29,000-$32,000 $30,500 1 1.92% $586


SUM: 52 100.00% $22,365
(hmm, that doesn't post over very well, but hopefully it is clear enough)
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