The scatter diagram below shows the age, in years, and the resale value, in thousands of pounds, of 9 cars of the same model, together with a line of best fit.
Figure (to be drawn): Scatter diagram. Horizontal axis: 'Age of car, x (years)', scale 0 to 12 in steps of 2. Vertical axis: 'Resale value, y (GBP thousands)', scale 0 to 14 in steps of 2. Eight points are plotted at (age, value): (1, 11), (2, 10), (3, 9.5), (4, 8), (5, 7.5), (6, 6), (8, 4), (10, 2). One further point is plotted at (9, 9), marked with a cross and labelled 'Car P', lying clearly above the general trend of the other points. A straight line of best fit is drawn from (0, 12) to (10, 2), passing close to the first eight points and well below the point for Car P.
(a)Describe the type of correlation shown between the age of a car and its resale value.(1)
(b)Using the line of best fit, estimate the resale value of a car aged 7 years.(2)
(c)Car P, aged 9 years, has a resale value of GBP 9000, well above the value suggested by the line of best fit. Suggest a reason, in context, why this car's resale value might not fit the general trend.(1)
(d)State whether it would be appropriate to use the line of best fit to estimate the resale value of a car aged 20 years, giving a reason.(2)
(e)The line of best fit has a gradient of -1. Interpret this value in the context of the data.(2)
(Total for Question 7 is 8 marks)