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A study was conducted to investigate the relationship between the resale price y in hundreds of dollars and the age x in years of midsize luxury American automobiles The equation of the line

A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars),
and the age, x (in years), of midsize luxury American automobiles. The equation of the line of best fit was determined to beyˆ 185.7  21.52x . a. Find the resale value of such a car when it is 3 years old. b. Find the resale value of such a car when it is 6 years old. c. What is the average annual decrease in the resale price of these cars?

Jun 22 2020 View more View Less

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