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Mathematics
Tutor: None Selected Time limit: 1 Day

The following table shows timber stumpage prices for pine pulpwood in two regions of the American South. Prices are in dollars per ton and were recorded at the start of the indicated year.
YearRegion 1Region 2
20026.604.00
20057.506.70
20077.009.00
(a) For Region 2, what is the average rate of change per year in price from 2002 to 2005?
 

(b) Use your answer to part (a) to estimate the price in Region 2 at the start of 2004. (The actual price was $6.40 per ton.)

 

(c) For Region 1, what is the average rate of change per year in price from 2005 to 2007?
  

(d) Use your answer to part (c) to estimate the price in Region 1 at the start of 2008.
 
Sep 3rd, 2015

Thank you for the opportunity to help you with your question!

a)   For Region 2, what is the average rate of change per year in price from 2002 to 2005?    

0.9

Use your answer to part (a) to estimate the price in Region 2 at the start of 2004. (The actual price was $6.40 per ton.)

5.8

(c) For Region 1, what is the average rate of change per year in price from 2005 to 2007?

-0.25

(d) Use your answer to part (c) to estimate the price in Region 1 at the start of 2008.

6.75

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Sep 3rd, 2015

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