High demand cars that are also in low supply tend to retain their value better than other cars. the data in the table is for a car that won a resale value award.
(table)
year-1,3,5
value (%) -84, 64,44
(questions)
a. write a function in slope-intercept form to represent the change in the percentage of the car’s value over time. assume that the function is linear for the first 5 years.
b. according to your function from part a, by what percent did the car’s value drop the day it was purchased and drive off the lot?
c. do you think the linear model still be useful after 10 years. explain why or why not.