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
Question
Answer:
$21,200
Step-by-step 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