New Car: Negotiating Price

New Car: Negotiating Price Suppose you are interested in buying a new Lincoln Navigator or Town Car. You are standing on the sales lot looking at a model with different options. The list price is on the vehicle. As a salesperson approaches, you wonder what the dealer invoice price is for this model with its options. The following data are based on information taken from Consumer Guide (Vol. 677). Let x be the list price (in thousands of dollars) for a random selection of these cars of different models and options. Let y be the dealer invoice (in thousands of dollars) for the given vehicle.