Jared is looking to purchase a used laptop. The scatter plot shows the age of several laptops and their price. Use the data to answer \( 6-7 \). 6. What is a reasonable price Jared could expect to pay for a laptop that is 4 years old? 7. Jared finds a listing for a used laptop and the seller is asking \( \$ 200 \). What is a reasonable prediction for how old the laptop is?
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Bonus Knowledge
To estimate a reasonable price for a 4-year-old laptop, Jared can look for a trend line in the scatter plot that illustrates the relationship between age and price. Generally, as laptops age, their prices decline. For a 4-year-old laptop, Jared might expect to pay around $400 to $600, depending on brand and condition. If the seller is asking $200 for a used laptop, Jared can reverse the trend to estimate its age. Based on typical depreciation rates, a laptop priced around $200 might be approximately 6 to 8 years old. It’s crucial, however, for Jared to consider the laptop's specifications and condition since these can significantly impact its value regardless of age!
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