# Understanding the concept of an average rate.

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What is an average rate and the formula for it?

Â© BrainMass Inc. brainmass.com December 24, 2021, 4:44 pm ad1c9bdddfhttps://brainmass.com/math/basic-algebra/understanding-concept-average-rate-4506

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An average rate is the mean value of a set of given data or quantities. It can be ...

#### Solution Summary

The average rate and the formula for it is provided. The concepts of an average rate is analyzed.

$2.49