the following graph shows the average american household debt h as a function of the date d. here h(d)…

the following graph shows the average american household debt h as a function of the date d. 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) is the average american household debt as a percentage of disposable income 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. o h(1975) represents the year in which household debt was at its minimum value. o h(1975) is the average american household debt in dollars 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.

the following graph shows the average american household debt h as a function of the date d. 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) is the average american household debt as a percentage of disposable income 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. o h(1975) represents the year in which household debt was at its minimum value. o h(1975) is the average american household debt in dollars 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.

Answer

Brief Explanations:

(a) Since (h(d)) represents household debt as a percentage of disposable income and (d = 1975), (h(1975)) is the average American household debt as a percentage of disposable income in 1975. Reading from the graph, the value is around 60%. (b) By observing the graph, the maximum value of the function (h(d)) appears to be around 125% and it occurs approximately in the year 2005.

Answer:

(a) h(1975) is the average American household debt as a percentage of disposable income in 1975; 60 (b) 125; 2005