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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd85274-ce5b-430c-a84a-0d6a218d1692%2Ffad272e3-9937-4c05-a937-1b73693f3d7c%2Fh2xhzo5_processed.png&w=3840&q=75)
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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