Question: The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels per day. (a) Compute and interpret the average

The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels per day.

(a) Compute and interpret the average rate of change from 1990 to 2005. What are the units?

(b) Estimate the instantaneous rate of change in 2000 by taking the average of two average rates of change. What are its units?


Years since 1985............................. Thousands of barrels of oil per day

0........................................................................... 60,083

5........................................................................... 66,533

10......................................................................... 70,099

15......................................................................... 76,784

20......................................................................... 84,077

25......................................................................... 87,302

Step by Step Solution

★★★★★

3.33 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a thousands of barrels per day per year This means that oil consu... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Precalculus Questions!

Q:

Figure 3.37 depicts the amounts of daily oil consumption in the United States and Japan. Does the illustration accurately depict the data? Why or why not? Figure 3.37 Daily Oil Consumption (millions...

Q:

The table shows the amounts of crude oil (in thousands of barrels per day) produced by the United States and the amounts of crude oil (in thousands of barrels per day) imported by the United States...

Q:

The following table lists the average oil consumption per day for the top 15 oil-consuming countries. Use a graphical technique to present these figures. Consumption Country (barrels per day) Brazil...

Q:

The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels per day. (a) Make a scatter plot and decide whether a linear model is appropriate. (b) Find and...

Q:

The table shows world average daily oil consumption from 1985 to 2015, measured in thousands of barrels per day. (a) Make a scatter plot and decide whether a linear model is appropriate. (b) Find and...

Q:

IDEO Case Study Assignment What are features of IDEO's "Exploratory Phase"? (select all that apply) Team members share different insights they have gained in downloading sessions Extended interviews...

Q:

Computer Assignment 5 ( Fossil Fuels and Green Energy) The larger data files contain the data for problem 1 and 6 (see Assignment_5 Data File). You will need to create the data files for other...

Q:

Power in the World Oil Market Prior to 1970, world oil prices were set through negotiations among major private sector companies, including Standard Oil of New Jersey (Exxon), Standard Oil of...

Q:

ARTICLEOCTOBER 2020From the barrel to the pump: the impact of the COVID-19 pandemic on prices for petroleum products This article details price movements for petroleum products in the context of the...

Q:

dear i want to do a report for my financial project, the report should contains company as introduction, and analyze some ratios and some recommendation. FIN 600: Advanced Financial Management Summer...

Q:

In the United States any contract, combination or conspiracy in restraint of trade is illegal. In practice, this means it is against the law to control or attempt to control the quantity, price or...

Q:

The Sarbanes-Oxley Act contains certification requirements of management. What are the certification requirements and what are the penalties for false certifications?

Q:

Under current tax law a net operating loss typically may be carried forward: Group of answer choices Upto 1 5 years Up to 1 0 years Indefinitely Upto 5 years

Q:

In a securitization structure, time tranching provides investors with the ability to choose between: A . extension risk and contraction risk. B . fully amortizing loans and partially amortizing...

Q:

A plane flying with a constant speed of 300 km/h passes over a ground radar station at an altitude of 1 km and climbs at an angle of 30 . At what rate is the distance from the plane to the radar...

Q:

A runner sprints around a circular track of radius 100 m at a constant speed of 7 m/s. The runner's friend is standing at a distance 200 m from the center of the track. How fast is the distance...

Q:

A cylindrical tank with radius 5 m is being filled with water at a rate of 3 m3/ min. How fast is the height of the water increasing?

Q:

You are analyzing Jillians Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $3.00 yesterday . You expect the dividend to grow at the rate of 5% per year for the next 3 years; if...

Q:

You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers. The market for zithers is growing quickly. The company bought some land 3 years ago for...

Q:

Karen has chosen to accept an Adjustable Rate Mortgage. She qualified at a fully indexed rate of 7.5%, but is offered 6.0% as a discounted interest rate for the first three years of her loan. Her 3/1...