SOLUTION: Examine the rise in gasoline prices from 2004 to 2010. The price of regular unleaded gasoline in January 2004 was $1.65 and in January 2010 the price of regular unleaded gasoline

Algebra ->  Functions -> SOLUTION: Examine the rise in gasoline prices from 2004 to 2010. The price of regular unleaded gasoline in January 2004 was $1.65 and in January 2010 the price of regular unleaded gasoline       Log On


   

Question 370492: Examine the rise in gasoline prices from 2004 to 2010. The price of regular unleaded gasoline in January 2004 was $1.65 and in January 2010 the price of regular unleaded gasoline was $2.72. Use the coordinates (2004, 1.65) and (2010, 2.72) to find the slope (or rate of change) between the two points. Describe how you arrived at your answer.
Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
Rate of change = rise/run = delta%28y%29%2Fdelta%28x%29+=+%282.72-1.65%29%2F%282010+-+2004%29+=+0.1783, to 4 decimal places. (The unit is $/year.)