The table below gives the annual sales (in millions of dollars) of a product. 2002 2003 1998 1999 2000 2001 2004 2005 2006 year sales 203 230 251 266 275 278 275 266 251 Determining the average rate of change of sales is important. It tells whether sales are increasing or decreasing over a time period, and at what rate. a) What was the average rate of change of annual sales between 2002 and 2003? millions of dollars/year b) What was the average rate of change of annual sales between 2002 and 2004? millions of dollars/year

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.1: Logistic Functions
Problem 16E: Cable TV The following table shows the number C. in millions, of basic subscribers to cable TV in...
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The table below gives the annual sales (in
millions of dollars) of a product.
2002
2003
1998
1999
2000
2001
2004
2005
2006
year
sales
203
230
251
266
275
278
275
266
251
Determining the average rate of change of
sales is important. It tells whether sales
are increasing or decreasing over a time
period, and at what rate.
a) What was the average rate of change of
annual sales between 2002 and 2003?
millions of
dollars/year
b) What was the average rate of change of
annual sales between 2002 and 2004?
millions of
dollars/year
Transcribed Image Text:The table below gives the annual sales (in millions of dollars) of a product. 2002 2003 1998 1999 2000 2001 2004 2005 2006 year sales 203 230 251 266 275 278 275 266 251 Determining the average rate of change of sales is important. It tells whether sales are increasing or decreasing over a time period, and at what rate. a) What was the average rate of change of annual sales between 2002 and 2003? millions of dollars/year b) What was the average rate of change of annual sales between 2002 and 2004? millions of dollars/year
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