The following graph shows the average American household debt h as a function of the date d. 140 Household debt 888888 120 100 20 47% 0 1955 1965 1975 1985 1995 2005 Here h(d) represents household debt as a percentage of disposable income. (a) Explain the meaning of h(1975) in practical terms. Oh(1975) represents the year in which household debt was at its minimum value. Oh(1975) is the average American household debt in dollars in 1975. Oh(1975) is the average American household debt, as a decimal, in 1975. Oh(1975) represents the year in which household debt was at its maximum value. Oh(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.

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