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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
22 Oct 2021

Given information

Consider (distance-driven) on the axis and (monthly cost) on the axis.

 

Given,

 

Step-by-step explanation

Step 1.

To check if linear model is suitable we check the slope.

The car has a fixed cost such as servicing, car payments, insurance, etc and it has additional costs of fuel, tire repair, etc which increase at a constant rate, given by the slope.

The constant rate is found to be  

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