The Correct Answer and Explanation is
The correct answer is $98,000.
To find the solution, we must interpret the information presented in the scatter plot titled “Small Business Revenue.” The graph displays the company’s revenue over several years. The horizontal x-axis represents the number of “Years Since 2011,” while the vertical y-axis indicates the revenue amount. The question specifically asks for the approximate revenue in the year 2021.
First, we need to calculate the correct position on the x-axis for the year 2021. Since the axis starts at the year 2011, the year 2021 corresponds to 10 on the x-axis (2021 minus 2011 equals 10).
Next, we locate the number 10 on the horizontal axis. From this point, we move straight up until we intersect with the data point plotted for that year. Once we have identified the correct data point, we must read its corresponding value on the vertical y-axis by tracing a horizontal line to the left.
The y-axis is marked with major grid lines at intervals of 20, for example, 80, 100, and 120. The data point for Year 10 is located on the graph between the 80 and 100 revenue marks. Visually, the point is much closer to the 100 mark than the 80 mark.
When comparing this visual estimation to the available choices, $98,000 is the most logical answer. The other options, $111,000, $119,000, and $122,000, would all be positioned significantly above the 100 line on the graph. Because the data point is clearly below the 100 line, these higher values can be eliminated. Therefore, the most accurate approximation for the small business’s revenue in 2021, based on the plotted data, is $98,000.
