Final answer:
The unit rate is found by dividing the total cost by the number of pounds, $4.99 by 11 lb, which equals approximately $0.45 per pound when rounded to the nearest hundredth.
Step-by-step explanation:
To find the unit rate, we need to determine the cost per single pound (lb) of the given item. With the information provided, the total cost for 11 pounds is $4.99. We calculate the unit rate by dividing the total cost by the number of pounds:
Unit rate = Total cost / Number of pounds
Unit rate = $4.99 / 11 lb
Using a calculator, dividing $4.99 by 11 gives us approximately 0.45354. When we round this to the nearest hundredth, as instructed, we get $0.45 per pound.
It's important to note that the unit rate allows us to compare the cost of items per pound and make informed decisions based on price.