Question

A scatter plot was made to show the value of various vehicles based on the age of the vehide (in years). The equation for the line of best fit is y= 34,000 - 1,600x wherey is the value of the vehicle in dollars and x is the age of the vehicle in years. Use the line of best fit to predict the value of the vehide after 8 years

Answer 1

$21,200

Explanation:

Given the best fit equation:

y= 34,000 - 1,600x

Where ;

y = value of vehicle in $

x = Age of vehicle in years

The predicted value of vehicle aged 8 years ;x = 8

y = 34000 - 1600(8)

y = 34000 - 12800

y = 21,200

Hence, the predicted value of car aged 8 years is $21,200