The price of a widget was $830. Over three years, the price dropped to $362. Assume a linear trend. (a) Find a linear model P=ax+b for this situation, where PP is the price at time xx. P= (b) Use this model to predict the price in 4 years.
The price of a widget was $830. Over three years, the price dropped to $362. Assume a linear trend. (a) Find a linear model P=ax+b for this situation, where PP is the price at time xx. P= (b) Use this model to predict the price in 4 years.
Chapter4: Linear Functions
Section: Chapter Questions
Problem 9PT: Does Table 2 represent a linear function? If so, finda linear equation that models the data.
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Question
The price of a widget was $830. Over three years, the price dropped to $362. Assume a linear trend.
(a) Find a linear model P=ax+b for this situation, where PP is the price at time xx.
P=
(b) Use this model to predict the price in 4 years.
$
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