1. The average rate of change in the number of living wage jobs from 2016 to 2018 is 7.35%.
2. The average rate of change in the number of living wage jobs from 2018 to 2020 is 4.45%.
The average rate of change shows how much the function or value has changed per unit, on average, over the stated interval.
To calculate the average rate of change, divide the change rate in y-values by the x-values, where y-values refer to the latest dates and x-values refer to the past dates.
Living Wage Jobs in Rochester
Year: 2016 2017 2018 2019 2020
Jobs: 625 675 720 760 785
Change from 2016 to 2017 = 8% (675 - 625)/625
Change from 2017 to 2018 = 6.7% (720 - 675)/675
Average rate of change = 7.35% (8% + 6.7%)/2
Change from 2018 to 2019 = 5.6% (760 - 720)/720
Change from 2019 t0 2020 = 3.3% (785- 760)/760
Average rate of change = 4.45% (5.6% + 3.3%)/2
Thus, the average rate of change in the number of living wage jobs from 2016 to 2018 is 7.35% and 4.45% from 2018 to 2020.
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