Asked by gayle
A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in years), of midsize luxury American automobiles. The equation of the line of best fit was determined below.
yhat = 183.8 − 20.48x
(a) Find the resale value in dollars of such a car when it is 3 years old.
$
(b) Find the resale value in dollars of such a car when it is 6 years old.
$
(c) What is the average annual decrease in the resale price in dollars of these cars?
$
yhat = 183.8 − 20.48x
(a) Find the resale value in dollars of such a car when it is 3 years old.
$
(b) Find the resale value in dollars of such a car when it is 6 years old.
$
(c) What is the average annual decrease in the resale price in dollars of these cars?
$
Answers
Answered by
Henry
a. In the given Eq, replace X with 3 and solve. Multiply the results by 100.
b. Same procedure as "a".
b. Same procedure as "a".
There are no AI answers yet. The ability to request AI answers is coming soon!