Question

The total amount spent on plasma TV's in the United States changed from $1590 million in 2003 two $5705 million in 2006. Find and interpret the average rate of change in sales, in the millions of dollars per year. Round your answer to the nearest hundredth.

A. $1360 million per year
B. $1700 million per year
C. $2030 million per year
D. $2038 million per year

Answer 1

The average rate of change in sales, in millions of dollars per year, is approximately $1360 million.

Step-by-step explanation:

To find the average rate of change, we need to calculate the difference between the total amount spent in 2006 and 2003, and then divide it by the number of years between the two years. So, the average rate of change is:

Average rate of change = (5705 million - 1590 million) / (2006 - 2003)

Average rate of change = 4115 million / 3

Average rate of change ≈ 1371.67 million per year

Therefore, the correct answer is A. $1360 million per year.