One of the factors affecting used car price is the odometer reading that shows what distance (km) the car has been driven prior. The following equation shows their relationship
y = 28880 - 0.05x
where y is the price ($) of the used car and x is the odometer reading (km). The model indicates that
Choose ALL the correct answers

Question

One of the factors affecting used car price is the odometer reading that shows what distance (km) the car has been driven prior. The following equation shows their relationship

y = 28880 - 0.05x

where y is the price ($) of the used car and x is the odometer reading (km). The model indicates that

Choose ALL the correct answers

Answer

For every additional 1 km travelled, the value of the car decreases by $0.05 on average.

Answer

Cars with more kilometres on the odometer reading will have lower values.

Answer

The price of the car when new is $28880.

Answer

The value of used cars decreases by a constant rate of 5% for every kilometre travelled.

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