My Notes Ask Your A study was conducted to investigate the relationship between

Question

My Notes Ask Your A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in years), of midsi The equation of the line of best fit was determined below. ze luxury American automobiles. -171.8-20.63 (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? Need Help? Resen Ann" " Shie Progress Practice Another Version My

Explanation / Answer

a) for x=3 ;

resale value =171.8-20.63*3 =109.91

b) for x =6;

resale value =171.8-20.63*6 =48.02

c)

average annual decrease =20.63

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