you would expect that person to have paid about( $75.00 or $175 or$75,000 or $12

Question

you would expect that person to have paid about( $75.00 or $175 or$75,000 or $125,000 or 125.00)

you could use this graph to estimate that this person's income was probably around ($90 per year or $40,000 or $40 or $40 per year or $90 or $40,000 per year)

500 450 D 400 o 350 250 j 200 150 100 5 0 0 10 20 30 40 50 60 7080 90 100 INCOME (Thousands of dollars per year) 4 9 The variable shown on the horizontal axis iS price The units for the variable on the vertical axis are thousands of dollars per year There are two ways to view the information presented on the graph. First, the graph tells us the amount a person with a certain income is likely to spend on a home, and second, it tells us the probable income of a person who spent a certain amount on a home. For example, if an individual earned $30,000 last year and purchased a new home, you would expect that person to have paid about just paid $150,000 for a home, you could use this graph to estimate that this person's income was probably around 2 for the home. Similarly, if someone 1

Explanation / Answer

you would expect that person to have paid about $125,000

you could use this graph to estimate that this person's income was probably around $40,000 per year.

Explanation: It is seen from the above figure. No explanation is needed.

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