Precalculus (6th Edition)

Published by Pearson
ISBN 10: 013421742X
ISBN 13: 978-0-13421-742-0

Chapter 2 - Graphs and Functions - 2.4 Linear Functions - 2.4 Exercises - Page 229: 70

Answer

$-513.29\ million/year$, see explanations.

Work Step by Step

Step 1. Recall the formula for the average rate of change $m=\frac{f(x_2)-f(x_1)}{x_2-x_1}$ Step 2. Based on the given conditions, we have $x_1=2006, f(x_1)=5302\ million$ and $x_2=2013, f(x_2)=1709\ million$ Step 3. Use the formula, we have $m=\frac{1709-5302}{2013-2006}\approx-513.29\ million/year$ Step 4. The above number means that the sales decreased at an average rate of $513.29\ million/year$ from 2006 to 2013.
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