Final answer:
Without specific scatter plot data, it's challenging to provide an exact answer, but based on the context of rent increases and housing trends, an average yearly increase in rent of $1 seems too low, $4,000 too high, with $40-$400 being a more plausible range for New York City, and calculation precision being critical for financial planning.
Step-by-step explanation:
To estimate the average change in rent each year for a 1-bedroom apartment in New York City from 2000 to 2013, we would typically need specific data from the scatter plot. However, we can make use of the example provided, which is a real-world application of understanding costs and budgeting: a person earning $50,000 annually with monthly expenses of $2,000 for rent and $1,000 for groceries and bills will have around $1,000 left each month after these expenditures are accounted for.
Similarly, for the question on estimating the average change in rent, the average change would likely be calculated by taking the difference in rent prices from 2000 to 2013 and dividing by the number of years to find the annual change. But since we don't have the exact figures from the scatter plot, we cannot calculate it precisely.
From the information about housing prices usually rising steadily, we can infer that an increase in the rent by $1 per month is quite implausible for a city like New York, where the cost of living is high. An increase by $40 per month seems more plausible than $1. An increase by $400 could be possible, but it would likely be considered a significant annual rise. An increase by $4,000 per month is probably too steep for average changes. Therefore, a reasonable estimate, without seeing the actual scatter plot data, may lean towards the $40 to $400 range, with an emphasis that the $400 figure should be approached with caution. In real-life applications like the budget scenario, precise calculations are crucial for financial planning and understanding the price elasticity of supply.