The document discusses the average rate of change of functions. It defines the average rate of change between two values x=a and x=b of a function f(x) as (f(b) - f(a)) / (b - a). This represents the slope of the secant line between the two points (a, f(a)) and (b, f(b)). Several examples are worked out calculating the average rate of change for different functions between given values of the variable. The document emphasizes that knowing how to work with fractions is important for solving these types of average rate of change problems.