Algebra

Is this right? Examine the rise in gasoline prices from 1997 to 2006. The price of regular unleaded gasoline price in January 1997 was $1.26 and in January 2006 was $2.31 (Bureau of Labor Statistics, 2006). Use the coordinates (1997, 1.26) and (2006, 2.31) to find the slope (or rate of change) between the two points. Describe how you arrived at your answer. Slope is y=mx+b. So I took m= 2006-1997/2.31-1.26= 1.05/9= .116666666= to about .12 cents per year.

Answers

This means that the price of gasoline was increasing every year by about .12 cents per year from 1997-2006.

Answered by kendrabarber

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