According to the Association of American Railroads, Class I freight railroads are the line-haul freight railroads with 2006 operating revenue in excess of $346.8 million. Let F = F(t) denote the freight revenue in billions of dollars of Class I railroads in year t. In 2005, Class I railroads had a freight revenue of $44.5 billion. In 2007, the revenue was $52.9 billion. Calculate the average rate of change per year in F from 2005 to 2007.

Respuesta :

Answer:

The average rate of change per year in F from 2005 to 2007 is $4.2 billion/year.

Explanation:

Let  F = F(t),

It represents freight revenue in billions of dollars of Class I railroads in year t.

It is given that in 2005, Class I railroads had a freight revenue of $44.5 billion. In 2007, the revenue was $52.9 billion.

f(2005)=$44.5

f(2007)=$52.9

If a linear function passes through two points [tex](x_1,y_1)[/tex] and [tex](x_2,y_2)[/tex], then the formula for rate of change is

[tex]m=\frac{f(x_2)-f(x_1)}{x_2-x_1}[/tex]

The average rate of change per year in F from 2005 to 2007 is

[tex]m=\frac{f(2007)-f(2005)}{2007-2005}[/tex]

[tex]m=\frac{52.9-44.5}{2}[/tex]

[tex]m=\frac{8.4}{2}[/tex]

[tex]m=4.2[/tex]

Therefore the average rate of change per year in F from 2005 to 2007 is $4.2 billion/year.