Let’s say you bought a car for $12,500. The car is expected to last for 8 years and then it can be sold for scrap for $500. a. If you assume the relationship between the value of the car and the year is linear, how much will the car depreciate each year? Explain. b. Rewrite and complete the table of values. Attach using the camera icon, or include the completed table with your submitted work. Value of Car over 8 years
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Let’s say you bought a car for $12,500. The car is expected to last for 8 years and then it can be sold for scrap for $500.
a. If you assume the relationship between the value of the car and the year is linear, how much will the car depreciate each year? Explain.
b. Rewrite and complete the table of values. Attach using the camera icon, or include the completed table with your submitted work.
Value of Car over 8 years
| Years of Ownership | Value of Car |
|---|---|
| 0 | |
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 | |
| 6 | |
| 7 | |
| 8 |
c. Write an equation for the value of the car in terms of the year. Label your variables.
d. What is the slope? Explain what the slope means in this context.
e. What is the y-intercept? Explain what the y-intercept means in this context.
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