1) The following graphs shows the growth of the median home value in a particular region of the united states starting in 1996. The graphs states in 1996 and shows the trend through the year 2000; therefore x=0 represents the year 1996 and x=4 is 2000. x-axis (horizontal)= years starting from 0=1996 and increasing by 1.0 years.
Y=axis (vertical)=price in $ amounts from 92,500 to 127,500
To understand the growth of the median home value in the particular region of the United States from 1996 to 2000, we can analyze the provided graph.
First, let's focus on the axes:
- The x-axis represents the years, starting from 0, which represents 1996 and increasing by 1 each year. This means that x=1 represents 1997, x=2 represents 1998, x=3 represents 1999, and x=4 represents 2000.
- The y-axis represents the price in $ amounts, ranging from $92,500 to $127,500.
Now, let's examine the data points on the graph:
- Identify the points that connect the data. Each point represents the median home value for a specific year.
- Note the direction of the trend. Determine if the median home value is increasing or decreasing over the years.
- Estimate the rate of change. Determine if the increase or decrease is gradual or significant.
Once you have analyzed the graph, you can draw conclusions about the growth of the median home value in the region during the specified time period.