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17. The bar graph shows median household income for Hispanics.
(a) Use the information for the years
Median Household Income
1995 and 2001 to find an equation that
for Hispanics
models the data. Let x = 5 represent
1995, x = 11 represent 2001, and y
40,000
represent the median income. Write
33,56
the equation in slope-intercept form.
30,000
(b) Use the equation from part (a) to
22,860
approximate median household income
20,000
for 1999 to the nearest dollar. How does
your result compare against the actual
10,000
value, $30,735?
Dollars
1995
1999 200
1997
Year
Source: U. S. Census Bureau.