Official Solution:
We start by writing the equation of line \(l\) in slope-intercept form: \(y = mx + b\), where \(m\) is the slope and \(b\) is the y-intercept. We are asked if the line passes through \((0, \frac{3}{4})\). Recall that the y-intercept is the point where the line crosses the y-axis, or, equivalently, the point on the line where \(x = 0\). Therefore, \((0, \frac{3}{4})\) is a potential y-intercept. We must determine if, in the equation of line \(l\), \(b\) is equal to \(\frac{3}{4}\).
Statement 1 gives us the slope of the line, which we can plug into the equation: \(y = \frac{1}{4}x + b\). In the prompt, we are also given a point on the line: \((-3, 0)\). Plugging in this point makes the equation: \(0 = \frac{1}{4}(-3) + b\). This simplifies to \(b = \frac{3}{4}\), and so line \(l\) does pass through the point \((0, \frac{3}{4})\). Statement 1 is sufficient to answer the question. Eliminate answer choices B, C, and E. The correct answer choice must be A or D.
Statement 2 tells us that line \(l\) passes through the point \((5, 2)\). Along with the x-intercept, \((-3, 0)\), we now have two points on the line, which is enough to find the slope. As we saw with statement 1, knowing the slope and one point on the line is enough to find the y-intercept. Since we can find the y-intercept, we know that we can find the answer to the question, even though we do not yet know whether the answer is yes or no. Therefore, statement 2 is also sufficient to answer the question.
Answer choice D is correct.
Recall that when we are given two points, we can always find the slope: \(slope = \frac{\text{rise}}{\text{run}} = \frac{y_2 - y_1}{x_2 - x_1}\). In this case, since our two points are \((-3, 0)\) and \((5, 2)\), \(m = \frac{0 - 2}{-3 - 5} = \frac{-2}{-8} = \frac{1}{4}\). We saw in examining statement 1 that if line \(l\) has slope equal to \(\frac{1}{4}\) and passes through the point \((-3, 0)\), it will have a y-intercept of \(\frac{3}{4}\), as desired.
Answer: D