The Following Data Show the List Price, X, in Thousands $y=1.59 x-10.2$

question 160

Multiple Choice

The following data show the list price, x, in thousands of dollars, and the dealer invoice price, y, also in thousands of dollars, for a variety of sport utility vehicles. Find a linear equation that Approximates the data, using the points (16.5, 16.1) and (20.0, 18.3) .

• A) \( y=1.59 x-10.2 \)
• B) \( y=0.629 x+5.73 \)
• C) \( y=0.629 x+6.38 \)
• D) \( y=1.59 x-9.11 \)

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Definitions:

Low-value

Describing items or services that are relatively inexpensive or considered to be of minor importance or worth.

Oral Auction

An event where items or services are sold to individuals who make the highest spoken offer.

True Values

Refers to the actual, inherent value or worth of an item, property, or financial instrument, as opposed to its market price or cost.

Just over

Slightly more than a specified amount, number, or degree.