Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 10 - Section 10.4 - Average Rate of Change - Exercises - Page 734: 41

Answer

The index was increasing at an average rate of $300$ points per day.

Work Step by Step

The average rate of change of $f$ over the interval $[a, b]$ is Average rate of change of $f\displaystyle \ \ =\frac{f(b)-f(a)}{b-a}$ The units of the average rate of change of $f$ are units of $f(x)$ per unit of $x$. --- Using the formula above, we get: $\displaystyle \frac{I(2)-I(0)}{2-0}=\frac{1600-1000}{2}=300$ (points per day) Thus, the index was increasing at an average rate of $300$ points per day.
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