To determine which of the points is on the graph of the function \( y = (2x + 1)^2 - 4 \), we can evaluate the function for each given \( x \)-coordinate and see which \( y \)-coordinate matches.
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For the point (1, 2): \[ y = (2(1) + 1)^2 - 4 = (2 + 1)^2 - 4 = 3^2 - 4 = 9 - 4 = 5 \] This does not match \( 2 \).
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For the point (-1, -5): \[ y = (2(-1) + 1)^2 - 4 = (-2 + 1)^2 - 4 = (-1)^2 - 4 = 1 - 4 = -3 \] This does not match \( -5 \).
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For the point (-1, -3): \[ y = (2(-1) + 1)^2 - 4 = (-2 + 1)^2 - 4 = (-1)^2 - 4 = 1 - 4 = -3 \] This matches \( -3 \).
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For the point (0, -2): \[ y = (2(0) + 1)^2 - 4 = (0 + 1)^2 - 4 = 1^2 - 4 = 1 - 4 = -3 \] This does not match \( -2 \).
From the calculations, the only point that lies on the graph of the function \( y = (2x + 1)^2 - 4 \) is \((-1, -3)\).