Question

A reporter collected data on a y, the current market value, in dollars, of a certain car for various years, X, after it had been purchased new. The equation below was fit to the data y = 16,500 - 1,500x , what does the y-intercept of the graph of this equation represent

Answer 1

THe y intercept occurs when x , the age of the car in years, is zero.
That is when the car is new.

The y intercept is 16,500 dollars - the cost new.