Question

The following is the line of best fit calculated for the selling price of used Toyota Corollas collected from newspaper classified ads in 2006, y = -624.1x +11,593, use the linear model to predict the selling price of a 12 year old Corolla

Answer 1

[AI-generated answer — Bot GPT 3.5]

To predict the selling price of a 12 year old Toyota Corolla using the given linear model, we substitute x = 12 into the equation:

y = -624.1(12) + 11,593
y = -7489.2 + 11593
y = 4103.8

Therefore, the predicted selling price of a 12 year old Toyota Corolla using the linear model is $4,103.80.