Consumer spending in dollars per person on media and entertainment from 2004 through 2009 is given in the following table. Use the Trapezoidal Rule with n = 5 to estimate the average yearly spending by consumers on media and entertainment over the period in question. Round answer to two decimal places.
A) 5124
B) 854
C) 1024.8
D) 2376.6

Question

Consumer spending in dollars per person on media and entertainment from 2004 through 2009 is given in the following table.  Use the Trapezoidal Rule with n = 5 to estimate the average yearly spending by consumers on media and entertainment over the period in question. Round answer to two decimal places.
A) 5124 
B) 854 
C) 1024.8 
D) 2376.6

Quizplus · Accepted Answer

Using the Trapezoidal Rule with n=5:

Average yearly spending = (1/2) [($921 + $803) + ($803 + $739) + ($739 + $705) + ($705 + $681) + ($681 + $644)]
= $5124/5
= $1024.8 (rounded to two decimal places)

Therefore, the best choice is C.

Consumer Spending in Dollars Per Person on Media and Entertainment