Precalculus (6th Edition)

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

Chapter 2 - Graphs and Functions - Chapter 2 Test Prep - Review Exercises - Page 298: 60

Answer

$1297\ dollars/yr$

Work Step by Step

Based on the given information, we have two points $(1980,21000)$ and $(2013,63800)$, we can find the average annual rate of change of median family income as $m=\frac{63800-21000}{2013-1980}\approx1297\ dollars/yr$
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