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

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Suitable Grade Level

Grades 9-12