what is average rate
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The average rate of change is finding the rate something changes over a period of time. We can look at average rate of change as finding the slope of a series of points. The slope is found by finding the difference in one variable divided by the difference in another variable.
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Average daily rate is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold. It excludes complimentary rooms and rooms occupied by staff.
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