The average rate of change in the median household income over this time period is $745.5
<h3>What is the average rate of change in the median household income over this time period?</h3>
The given parameters are:
2000, the median household income was $41,990.
2010, it was $49,445.
The average rate of change in the median household income over this time period is calculated as:
Average rate of change = (Difference in Income)/(Difference in years)
So, we have:
Average rate of change = (41990 - 49445)/(2000-2010)
Evaluate
Average rate of change = 745.5
Hence, the average rate of change in the median household income over this time period is $745.5
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