Question: The bar graph below shows that as costs changed over the decades, a group of people devoted less of their budget to groceries. Percentage

The bar graph below shows that as costs changed over the decades,

The bar graph below shows that as costs changed over the decades, a group of people devoted less of their budget to groceries. Percentage of Total Spending on Food Percent of Total Spending 30 24- 18- 12- 6- 0- 25% 20% 11% 6% 1950 1970 1990 2010 In 1950, the group spent 25% of their budget on food. This has decreased at an average rate of approximately 0.32% per year since then. Find a linear function in slope-intercept form that models the percentage of total spending, p(x), by the group x years after 1950.

Step by Step Solution

3.48 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

given In 1950 group spent 22 of their Budget on food this has ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!