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The following graph shows the average American household debt h as a function of the date d. Household debt 140 120 100 80 60 40 20 47% 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

The following graph shows the average American household debt h as a function of the date d. Household debt 140 120 100 80 60 40 20 47% 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

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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The following graph shows the average American household debt h as a function of the date d.

The following graph shows the average American household debt h as a function of the date d. Household debt 140 120 100 80 60 40 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. O h(1975) represents the year in which household debt was at its minimum value. O h(1975) is the average American household debt as a percentage of disposable income in 1975. O h(1975) is the average American household debt in dollars in 1975. O h(1975) is the average American household debt, as a decimal, in 1975. O h(1975) represents the year in which household debt was at its maximum 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.
Transcribed Image Text:The following graph shows the average American household debt h as a function of the date d. Household debt 140 120 100 80 60 40 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. O h(1975) represents the year in which household debt was at its minimum value. O h(1975) is the average American household debt as a percentage of disposable income in 1975. O h(1975) is the average American household debt in dollars in 1975. O h(1975) is the average American household debt, as a decimal, in 1975. O h(1975) represents the year in which household debt was at its maximum 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.
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