# Module 2 MSRP and Linear Model Quantitative Reasoning Quiz 6

User Generated

Fhygna_20

Mathematics

## Description

Here are some questions that I need help with. The course called Quantitative Reasoning. Please find the attached file.

### Unformatted Attachment Preview

Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

View attached explanation and answer. Let me know if you have any questions.

Name _____________________
Course & Section _____________________
Date _____________________

Quiz 6 – MOD 2 (pairs)
i

1. The data below gives the invoice price and the suggested sale price for 9 sedans.
Model

Invoice Price

MSRP

2021 Dodge Charger SXT

\$29,501

\$29,995

2021 Hyundai Sonata SEL

\$24,524

\$25,800

2021 Kia Stinger GT AWD

\$39,200

\$41,790

2021 Mazda6 Touring

\$25,565

\$27,075

2021 Nissan Altima 2.5 SV

\$23,673

\$25,400

2021 Nissan Maxima Platinum 3.5L

\$39,405

\$42,220

2021 Toyota Avalon Hybrid XLE

\$33,391

\$37,100

2021 Toyota Camry LE

\$22,848

\$24,970

2021 Toyota Prius Prime XLE

\$28,800

\$30,000

Using the data given above, answer the following questions:
a. Using Excel, provide the graph and the modeling equation. (5 points)

MSRP
\$45,000
y = 1.084x - 554.12

\$40,000
\$35,000
\$30,000
\$25,000
\$20,000
\$15,000
\$10,000
\$5,000
\$0
\$0

\$5,000 \$10,000 \$15,000 \$20,000 \$25,000 \$30,000 \$35,000 \$40,000 \$45,000

The equation is y =1.084x-554.12

b. What value can you expect with an invoice price of \$35,000? (5 points)
Substituting x = 35000 in the line equation we get, y = 1.084(35000)-554.12
= \$37,386

Name _____________________
Course & Section __________...

### Review

Anonymous
I was struggling with this subject, and this helped me a ton!

Studypool
4.7
Indeed
4.5
Sitejabber
4.4