The following graph shows the average American household debt h as a function of the date d.Household debt14012010060402047%01955 1965 1975 1985 1995 2005Here 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 percentage of disposable income in 1975.Ⓒh(1975) is the average American household debt, as a decimal, in 1975.Ⓒh(1975) is the average American household debt in dollars in 1975.Ⓒh(1975) represents the year in which household debt was at its minimum value.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.

(a) We are given that h(d) represents household debt as a percentage of disposable income. So,…

Answered: The following graph shows the average…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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