Answer:
The predicted average price for 2014 is of $38,304.
Explanation:
Linear model:
In a linear model, the average price increases by the same amount during each period.
In 2002, the average price of a new domestic car was $19,126. In 2008, the average price was $28,715.
In a period of 6 years, the increase was of:
28715 - 19126 = $9,589
Based on a linear model, what is the predicted average price for 2014?
Another period of 6 years, so it will increase by 9589 more. Than
28715 + 9589 = 38304
The predicted average price for 2014 is of $38,304.