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An automobile manufacturing company wanted to investigate how the price of one of it’s car models depreciates with age. The research department at the company took a sample of 8 cars of this model and collected the following information on the ages (x, in years) and prices (y, in hundreds of pesos) of these cars as shown: Age, x 8 3 7 9 2 5 4 6 Price, y 18 95 55 24 140 40 38 99   Find the estimated price of a 15 year old car

- November 14, 2022 - Edwin Tunner

1. An automobile manufacturing company wanted to investigate how the price of one of it’s car models depreciates with age. The research department at the company took a sample of 8 cars of this model and collected the following information on the ages (x, in years) and prices (y, in hundreds of pesos) of these cars as shown:

Age, x
8
3
7
9
2
5
4
6

Price, y
18
95
55
24
140
40
38
99

 

Find the estimated price of a 15 year old car

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