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The market share of American automakers has decreased to 47% in approximately linearly from 66% in 2000 2011 (Source: Ward's AutoInfoBank). Let p be American automakers' market share at t years since 2000. a. Find an equation of a linear model to describe the data. b. What is the slope? What does it mean in this situation? c. What is the p-intercept? What does it mean in this situation?

The market share of American automakers has decreased to 47% in approximately linearly from 66% in 2000 2011 (Source: Ward's AutoInfoBank). Let p be American automakers' market share at t years since 2000. a. Find an equation of a linear model to describe the data. b. What is the slope? What does it mean in this situation? c. What is the p-intercept? What does it mean in this situation?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
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1. The market share of American automakers has decreased approximately linearly from 66% in 2000 to 47% in 2011 (Source: Ward's AutoInfoBank). Let p be American automakers' market share at t years since 2000. a. Find an equation of a linear model to describe the data. b. What is the slope? What does it mean in this situation? c. What is the p-intercept? What does it mean in this situation?
Transcribed Image Text:1. The market share of American automakers has decreased approximately linearly from 66% in 2000 to 47% in 2011 (Source: Ward's AutoInfoBank). Let p be American automakers' market share at t years since 2000. a. Find an equation of a linear model to describe the data. b. What is the slope? What does it mean in this situation? c. What is the p-intercept? What does it mean in this situation?
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