Question: I need help with this question please Question 9 (5 points) You have made some new friends! Then you realize that none of your friends

I need help with this question please

I need help with this question please Question 9
Question 9 (5 points) You have made some new friends! Then you realize that none of your friends has a truck, and we all know that any friend group needs someone that has a truck (who are you going to call when you have to move something like your entire household?) Buying a truck new is little expensive right now, so you decide to purchase a used truck that is 2 years old for $38,000. The following table is a depreciation table that lets you know the value of your truck after so many years. Year Number 2 3 4 5 6 10 Worth ($) 38,000 31,250 24,750 19,500 15,000 3,250 Create a regression and sketch the graph that you see on your calculator window. Include the axes and variables on your graph. Answer the following questions. Keep in mind that the points you plot may not fall exactly on the your regression curve. 1. What was the cost of the truck when it was brand new? Round your answer to the nearest whole dollar. 2. On average, by what percentage did your truck decrease in value from year to year? Round your answer to the nearest whole percent. 3. Does your graph show that your truck will ever reach a value of O? Why or why not? Does this reflect real life? Why or why not? Prepare your answer on paper, take an image and post in the answer box provided

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!