A scatter diagram shows the age of cars, x years, and their value, y thousand dollars. The ages are from 2 to 10 years. The line of best fit passes through (2, 30) and (10, 14). Estimate the value of a car that is 7 years old.
- Gradient = (14 − 30) ÷ (10 − 2) = −16 ÷ 8 = −2.
- From (2, 30) to x = 7 is an increase of 5 in x, so y changes by −2 × 5 = −10.
- y = 30 − 10 = 20. (7 years is inside the range 2 to 10, so the estimate is reliable.)
Answer: About 20 thousand dollars