The graph depicts the growth in costs using a line segment. Use the midpoint formula to approximate the cost during the year 1987.The approximate cost during the year 1987 was $ ____.

The graph depicts the growth in costs using a line segment Use the midpoint formula to approximate the cost during the year 1987The approximate cost during the class=

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Answer:

The approximate cost during the years 1987 was $7527

Explanation:

The midpoint formula is:

[tex]M(\frac{x_1+x_2}{2},\frac{y_1+y_2}{2})[/tex]

For two given points.

In this case, we can see in the graph the points (1983, 5021) and (1991, 10033)

Then, using the midpoint formula:

[tex]M(\frac{1983+1991}{2},\frac{5021+10033}{2})=M(1987,7527)[/tex]

Thus, the approximation for the year 1987 is $7527