Find the Average Rate of Change Illustrated in the Graph

question 271

Multiple Choice

Find the average rate of change illustrated in the graph.
-Along with incomes, people's charitable contributions have steadily increased over the past few years. The table below shows the average deduction for charitable contributions reported on individual income tax
Returns over 6 years. Find the average rate of change per year between year 3 and year 5. $$\begin{array} { c | c } \text { Year } & \text { Charitable Contributions } \\\hline 1 & \$ 1600 \\2 & \$ 2430 \\3 & \$ 2500 \\4 & \$ 2790 \\5 & \$ 3030 \\6 & \$ 3140\end{array}$$

• A) $530 per year
• B) $320 per year
• C) $300 per year
• D) $265 per year

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Definitions:

Webvan Supply Chain

Refers to the logistics and supply chain management strategies used by Webvan, an early online grocery delivery service, which is often studied for its rapid rise and subsequent failure.

Large Warehouses

Facilities that store vast quantities of goods for inventory management and distribution purposes.

Inventory Turnover

A ratio indicating how many times a company has sold and replaced inventory during a certain period of time.

Labor Costs

Expenditures related to employing staff, including wages, benefits, and taxes.