Let's start by answering the question posed on the Hint.
Any given function can only cross the y-axis one time. Otherwise it would go against the definition of a function, that is, every element of the image of a function is related to a single element from the domain.
If the "function" crossed the y-axis two or more times, that would mean that there exist two values, a and b such that
and
which contradicts the definition of a function.
Now, a third degree polinomial gunction can have, at most, 3 zeroes, that is, we could have three values (at most), x₁, x₂ and x₃ such that
and
Now, Ray claims the third degree polinomial has 4 intercepts. This could be true if the graph they ploted crosses the y-axis, in which case it would have three x-intercepts and one y-intercept.
Kelsey's claim is indeed true, as that is a property of third degree polinomials.
In conclussion, a way for both of their claims to be true would be if the graph they plot crosses the x-axis three times and the y-axis one time.