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
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?
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?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Linear Equations
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
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage