A study conducted to determine the relationship between the age, x, in years of a certain brand of motorcycle and its value, y,

Question

2 years ago

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A study conducted to determine the relationship between the age, x, in years of a certain brand of motorcycle and its value, y,

in dollars. The equation y = -750x + 8500 best models the data. Based on the equation, what is the estimated value of a motorcycle that is 5 years old?

Mathematics

1 answer:

kirza4 [7] · Answer 1 · 2022-10-29T07:27:01+03:00

Based on the equation, y = -750·x + 8500, the estimated value of a

motorcycle that is 5 years old is <u>$4,750</u>.

<h3>How can the given equation help to estimate the value of the motorcycle?</h3>

The regression equation that models the data is; y = -750·x + 8500

Where;

y = The value of the brand of motorcycle in dollars

x = The age of the motorcycle

When the motorcycle is 5 years old, we have;

x = 5

y = -750 × 5 + 8500 = 4750

Based on the equation, the estimated value of a motorcycle that is 5 years old, y =<u> $4,750</u>

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