Solve the Problem $$\text { Average Credit Card Debt, Selected Households }$$

question 254

Multiple Choice

Solve the problem.
-The figure represents the average credit card debt for selected households in Silerville. $$\text { Average Credit Card Debt, Selected Households }$$

Let y represent the credit card debt in dollars. Let x represent the year, where x = 0 corresponds to the year 1990, x = 4 represents 1994, and so on.
a. Use the ordered pairs given in the graph, (0, 3844) and (16, 8304) to find a linear equation to estimate the
Average credit card debt versus the year. Round the slope to the nearest tenth.
b. Use the model from (a) to estimate the average debt in 1,997. Round to the nearest dollar.

• A) a. \(y = 278.8 x + 3,844\) b. \(\$ 5,796\) in 1,997
• B) a. \(y = 278.8 x + 3,844\) b. \(\$ 5\) in 1,997
• C) a. \(y = 362.44 x + 3,844\) b. \(\$ 6,353\) in 1,997
• D) a. \(y = 362.44 x + 3,844\) b. \(\$ 6,381\) in 1,997

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Definitions:

Machiavellian Values

Principles based on the political philosophy of Niccolò Machiavelli, which often endorse the use of cunning, strategy, and sometimes unethical means to gain and maintain power.

Manipulate

To control or influence something or someone, often in a skillful manner and sometimes with the intent to deceive.

Organizational Politics

The activities and actions of individuals or groups within an organization aimed at acquiring and using power and other resources to obtain one's preferred outcomes.

Legitimate Power

The authority granted to an individual by an organization, recognized and accepted by members for influencing behavior.