Textbook ExpertVerified Tutor
18 Nov 2021
Given information
The table that gives total value of US currency (coins and bank notes) in circulation at time t is provided below.
t | 1980 | 1985 | 1990 | 1995 | 2000 |
129.9 | 187.3 | 271.9 | 409.3 | 568.6 |
Step-by-step explanation
Step 1.
Apply the concept of average rate of change
The average rate of change of y (dependent variable) with respect to x (independent variable) is provided below.
Let x varies from to then change in x is denoted as .
And corresponding change in y is denoted as
The average rate of change is expressed as: