Problem

Solve the problem. See Example 7.Depreciating Malibu. In 2009 the average retail price of...

Solve the problem. See Example 7.

Depreciating Malibu. In 2009 the average retail price of a 1-year-old Chevrolet Malibu was $19,335, whereas the average retail price of a 4-year-old Malibu was $12,525 (www.edmunds.com).

Figure for Exercise 62

a) Use the accompanying graph to estimate the average retail price of a 3-year-old car in 2009.

b) Find the slope of the line in the figure.

c) Use the slope to predict the price of a 3-year-old car in 2009.

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Solutions For Problems in Chapter 3.2

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