Question

part a
what is the average rate of change in ticket prices between 2008 - 2014? round to the nearest cent.

Explanation:

Step1: Identify the formula for average rate of change

The formula for average rate of change is $\frac{f(b)-f(a)}{b - a}$, where $a$ and $b$ are the starting and ending years, and $f(a)$ and $f(b)$ are the corresponding values. Here, $a = 2008$, $f(a)=80.11$, $b = 2014$, $f(b)=88.18$.

Step2: Substitute the values into the formula

Substitute the values into the formula: $\frac{88.18 - 80.11}{2014 - 2008}=\frac{8.07}{6}$.

Step3: Calculate the result

$\frac{8.07}{6}=1.345$.

Answer:

$1.35$