14. A reporter collected data on y, the current market value, in dollars, of a certain car for various years, x, after it had been purchased new. The equation below was fit to the data. y 16,500- 1,500x What does the slope of the graph of this equation represent? What does the y-intercept of the graph of this equation represent?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 8T
icon
Related questions
icon
Concept explainers
Question
14.
A reporter collected data on y, the current market value, in dollars, of a certain car
for various years, x, after it had been purchased new. The equation below was fit to
the data.
y 16,500- 1,500x
What does the slope of the graph of this equation represent?
What does the y-intercept of the graph of this equation represent?
15.
Transcribed Image Text:14. A reporter collected data on y, the current market value, in dollars, of a certain car for various years, x, after it had been purchased new. The equation below was fit to the data. y 16,500- 1,500x What does the slope of the graph of this equation represent? What does the y-intercept of the graph of this equation represent? 15.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Points, Lines and Planes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill