# SOLUTION: How to solve: In 2000 the cost of a compact car averaged \$12,500. In 2003, the cost of a compact car averaged \$14,450. Assume that the relationship between time and cost is line

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 Question 613864: How to solve: In 2000 the cost of a compact car averaged \$12,500. In 2003, the cost of a compact car averaged \$14,450. Assume that the relationship between time and cost is linear. a) Develop a formula for predicting the average cost of a compact car in the future, in the for of C(x)= mx + b, where x represent the number of years after 2000.Answer by josmiceli(9691)   (Show Source): You can put this solution on YOUR website! given: and ----------- Here's a plot where is in thousands of dollars