Answer: 1.The slope of the graph represents the rate of change of the market value in dollars for change in corresponding years.
2. y intercept represents the initial value of the market.
Step-by-step explanation:
Given: A reporter collected data on y, the current market value, in dollars, of a certain car for various years, x, after it had has been purchased new.
The given equation [tex]y=16,500-1,500x[/tex] is a linear equation( y=mx+c), where slope =-1500, which represents the rate of change of the market value in dollars for change in corresponding years.
For y intercept put x=0 in above equation, we get
[tex]y=16,500[/tex]
hence, y intercept represents the initial value of the market.
