Question

A study conducted to determine the relationship between the age, x, in years of a certain brand of motorcycle and its value, y, in dollars. The equation y = -750x + 8500 best models the data. Based on the equation, what is the estimated value of a motorcycle that is 5 years old?

Answer 1

Based on the equation, y = -750·x + 8500, the estimated value of a

motorcycle that is 5 years old is $4,750.

How can the given equation help to estimate the value of the motorcycle?

The regression equation that models the data is; y = -750·x + 8500

Where;

y = The value of the brand of motorcycle in dollars

x = The age of the motorcycle

When the motorcycle is 5 years old, we have;

x = 5

y = -750 × 5 + 8500 = 4750

Based on the equation, the estimated value of a motorcycle that is 5 years old, y = $4,750

Learn more equations here:

https://brainly.com/question/20475360