Here h(d) represents household debt as a percentage of disposable income. (a) Explain the meaning of h(1975) in practical terms. h(1975) represents the year in which household debt was at its maximum value. h(1975) is the average American household debt, as a decimal, in 1975. h(1975) represents the year in which household debt was at its minimum value. h(1975) is the average American household debt in dollars in 1975. h(1975) is the average American household debt as a percentage of disposable income in 1975. Use the graph to find its value. % (b) The graph reaches a maximum value. Estimate the maximum value. % Estimate the year in which the maximum value occurred.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 31E
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The following graph shows the average American household debt h as a function of the date d.
140
120
100
80
47%
60
40
20
+
1975
+
1995
+
2005
1955
1965
1985
Here h(d) represents household debt as a percentage of disposable income.
(a) Explain the meaning of h(1975) in practical terms.
h(1975) represents the year in which household debt was at its maximum value.
h(1975) is the average American household debt, as a decimal, in 1975.
h(1975) represents the year in which household debt was at its minimum value.
h(1975) is the average American household debt in dollars in 1975.
h(1975) is the average American household debt as a percentage of disposable income in 1975.
Use the graph to find its value.
(b) The graph reaches a maximum value. Estimate the maximum value.
%
Estimate the year in which the maximum value occurred.
Household debt
Transcribed Image Text:The following graph shows the average American household debt h as a function of the date d. 140 120 100 80 47% 60 40 20 + 1975 + 1995 + 2005 1955 1965 1985 Here h(d) represents household debt as a percentage of disposable income. (a) Explain the meaning of h(1975) in practical terms. h(1975) represents the year in which household debt was at its maximum value. h(1975) is the average American household debt, as a decimal, in 1975. h(1975) represents the year in which household debt was at its minimum value. h(1975) is the average American household debt in dollars in 1975. h(1975) is the average American household debt as a percentage of disposable income in 1975. Use the graph to find its value. (b) The graph reaches a maximum value. Estimate the maximum value. % Estimate the year in which the maximum value occurred. Household debt
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