The figure below shows the average price of silver for recent years. Let S(t) represent the average price (in dollars per ounce) of silver for year t Source: macrotrends.com.

(a) Is S(t) a linear function?
(b) What is the independent variable?
(c) What is the dependent variable?
(d) What is the domain of the function?
(e) Estimate the range of the function.
(f) What was the average price per ounce in 2008?
(g) In what year was the average price $35 per ounce?

Transcribed Image Text:

Dollars per ounce S(t) - Price of Silver 40- 35 30 25- 20- 15 10+ 5 0 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Year