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A chess competition has eliminations each round. The table below shows the number of players in each of the first 5 rounds of the tournament:
Round (x) 1 2 3 4 5
Players f(x) 256 128 64 32 16
Compute the average rate of change of f(x) from x = 1 to x = 5 and identify the meaning of that rate.
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-60; on average, there was a loss of of 60 each round
-240; on average, there was a loss of 240 each round
4; there was 4 rounds between rounds 1 and 5
240; there were 240 fewer players between rounds 1 and 5