Question 179·Medium·Nonlinear Functions
The function
gives the estimated resale value , in thousands of dollars, of a rare collectible years after it was purchased, where . Which statement best interprets the point on the graph of this function?
For questions about interpreting points on the graph of a function, first identify clearly what the input and output represent (including units) from the function’s description. Then read a point as: “When the input is (with units), the output is (with units).” Translate that into a plain-language sentence and compare it to the answer choices, watching for traps that treat the point as a rate of change or that swap the roles of the coordinates.
Hints
Identify what each axis represents
In the function , what does stand for, and what quantity does represent, including its units?
Translate the point into words
A point on the graph is written as . For the point , which number is the time in years and which number is the value? Say that in a sentence.
Convert from thousands of dollars to dollars
Remember that is in thousands of dollars. If , how many actual dollars is that? Then combine this with the time to form a complete statement.
Desmos Guide
Graph or evaluate the function
In Desmos, enter the expression 200*(0.75)^x or the function y = 200*(0.75)^x to represent .
Find the function value at 4 years
Either type 200*(0.75)^4 on a separate line, or click on the graph where (you can also type x=4 to draw a vertical line and see where it meets the curve). Note the -value you see there; that is the value of when , measured in thousands of dollars.
Interpret the output in context
Convert that -value from thousands of dollars into dollars, then express it in a sentence like: “___ years after purchase, the collectible’s value is ___ dollars.” Finally, pick the answer choice that matches this sentence.
Step-by-step Explanation
Understand what the variables and units mean
The function is
Here:
- is the number of years after the collectible was purchased.
- is the estimated resale value in thousands of dollars.
So a point on the graph tells you: years after purchase, the collectible’s value is thousand dollars.
Interpret the coordinates of the point (4, 63)
In the point :
- The -coordinate corresponds to years after purchase.
- The -coordinate corresponds to .
Because is in thousands of dollars, means the value is $63,000.
Match the interpretation to the answer choices
From Step 2, means:
Four years after purchase, the collectible’s estimated value is $63,000.
Now compare with the answer choices:
- This sentence exactly matches choice C: “Four years after purchase, the collectible’s estimated value is $63,000.” So C is the correct answer.