QuestionAugust 26, 2025

4) What is the average rate of change in gasoline prices from June 2008 to June 2025? Round this answer to two decimal places AFTER you have calculated your answer. Average rate of change: (new-olh)/(change in time) Show your work! No work=no credit! Edit View Insert Format Tools Table The price of a gallon of gas from 2008 3.2. The price of a gallon of gas in 2025 is 3.4.

4) What is the average rate of change in gasoline prices from June 2008 to June 2025? Round this answer to two decimal places AFTER you have calculated your answer. Average rate of change: (new-olh)/(change in time) Show your work! No work=no credit! Edit View Insert Format Tools Table The price of a gallon of gas from 2008 3.2. The price of a gallon of gas in 2025 is 3.4.
4) What is the average rate of change in gasoline prices from June 2008 to June 2025?
Round this answer to two decimal places AFTER you have calculated your answer.
Average rate of change: (new-olh)/(change in time)
Show your work! No work=no credit!
Edit View Insert Format Tools Table
The price of a gallon of gas from 2008 3.2. The price of a gallon of gas in 2025 is 3.4.

Solution
4.6(249 votes)

Answer

0.01 Explanation 1. Identify Initial and Final Values Initial price in June 2008 is 3.2, final price in June 2025 is 3.4. 2. Calculate Change in Price Change in price = 3.4 - 3.2 = 0.2. 3. Calculate Change in Time Change in time = 2025 - 2008 = 17 years. 4. Apply Average Rate of Change Formula **Average rate of change** = \frac{\text{Change in price}}{\text{Change in time}} = \frac{0.2}{17}. 5. Compute the Result Calculate \frac{0.2}{17} \approx 0.0117647. 6. Round to Two Decimal Places Rounded value = 0.01.

Explanation

1. Identify Initial and Final Values<br /> Initial price in June 2008 is $3.2, final price in June 2025 is $3.4.<br /><br />2. Calculate Change in Price<br /> Change in price = $3.4 - $3.2 = $0.2.<br /><br />3. Calculate Change in Time<br /> Change in time = 2025 - 2008 = 17 years.<br /><br />4. Apply Average Rate of Change Formula<br /> **Average rate of change** = $\frac{\text{Change in price}}{\text{Change in time}} = \frac{0.2}{17}$.<br /><br />5. Compute the Result<br /> Calculate $\frac{0.2}{17} \approx 0.0117647$.<br /><br />6. Round to Two Decimal Places<br /> Rounded value = 0.01.
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