9. An analysis of 8 used trucks listed for sale in the 48076 zip code finds that the power model In(price) = 3.748 – 0.1395ln(miles), for price (in thousands of dollars) and miles driven (in thousands), is an appropriate model of the relationship. If a used truck has been driven for 47,000 miles, which of the following is closest to the predicted price for the truck?

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9. An analysis of 8 used trucks listed for sale in the 48076 zip code finds that
the power model In(price) = 3.748 – 0.1395ln(miles), for price (in
-
thousands of dollars) and miles driven (in thousands), is an appropriate model of
the relationship. If a used truck has been driven for 47,000 miles, which of the
following is closest to the predicted price for the truck?
(A) $9.46
(B) $24.80
(C) $3,210.00
(D) $9,460.00
(E) $24,800.00
Transcribed Image Text:9. An analysis of 8 used trucks listed for sale in the 48076 zip code finds that the power model In(price) = 3.748 – 0.1395ln(miles), for price (in - thousands of dollars) and miles driven (in thousands), is an appropriate model of the relationship. If a used truck has been driven for 47,000 miles, which of the following is closest to the predicted price for the truck? (A) $9.46 (B) $24.80 (C) $3,210.00 (D) $9,460.00 (E) $24,800.00
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