The value of motorbikes decrease each year after purchase. The scatter plot shows the value of the bike (in thousands) over the number of years from first purchase. Value of Motor Bike After Purchase (in thousands)
What is the equation of the line, written in slope-intercept form? Show how you determined the equation. (6 points)
Based on the linear model, predict the initial value of a motorbike, Year 0. Approximately how much does it decrease per year? (6 points)