Math Problem Statement
A graph of a model for the sales of services between 2004 and 2008 by a leading global provider of staffing services is shown below. WebAssign Plot (a) Use the graph to calculate the average rate of change in sales of services between 2004 and 2007. $ 274
Correct: Your answer is correct. million per year
Interpret the result. Between 2004 and 2007, sales of service increased
Correct: Your answer is correct. by an average of $ 274
Correct: Your answer is correct. million per year.
(b) Calculate the percentage change in sales between 2007 and 2008. (Round your answer to three decimal places.) -1.756
Correct: Your answer is correct. %
Interpret the result. Between 2007 and 2008, sales of service decreased
Correct: Your answer is correct. by 1.756
Correct: Your answer is correct. %.
(c) Calculate the change in sales between 2004 and 2008. $
Incorrect: Your answer is incorrect. million
Solution
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Math Problem Analysis
Mathematical Concepts
Rate of Change
Percentage Change
Linear Growth
Algebra
Formulas
Average Rate of Change = (Sales in 2007 - Sales in 2004) / (2007 - 2004)
Percentage Change = [(Sales in 2008 - Sales in 2007) / Sales in 2007] * 100
Linear Growth: Sales in 2007 = Sales in 2004 + (Rate of Change * 3 years)
Theorems
-
Suitable Grade Level
Grades 9-12
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