Question: Please help me with this question it isn't making sense to me. Thank you The following table exhibits the age of antique furniture and the
Please help me with this question it isn't making sense to me. Thank you
The following table exhibits the age of antique furniture and the corresponding prices. Use the table to answer the following problem. (Hint: Use scatter diagram and the Excel Trendline tool where necessary).
NumberValue
of years($)
78930
91 1010
83970
159 1950
134 1610
210 2880
88 980
178 2010
124 1370
72 900
Problem #3 Part A: What is the relationship between the age of the furniture and its values?
A) Nonlinear
B) Linear
C) Curvilinear
D) No relationship
Problem #3 Part B: Which of the following equations correctly expresses the relationship between the two variables?
A) Value = (-181.16) + 13.493 Number of years
B) Number of years = Value / 12.537
C) Value = (459.34 / Number of years) 4.536
D) Number of years = (17.538 Value) / (-157.49)
Problem #3 Part C: What is the expected value for a 90-year-old piece of furniture?
A) $1002.45
B) $997.98
C) $934.56
D) $1033.21
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