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Handout Daily Prep 1.5 - Interpreting, Estimating, and Using the Derivative

Section Overview

From early in the course, we have associated the derivative of a function with velocity: indeed, if a given function represents the position of a moving object along an axis, then its derivative measures precisely the instantaneous velocity of the object at a given time. Further, we know that regardless of the function under consideration, the derivative measures not only the slope of the tangent line at a given point, but also the function’s instantaneous rate of change with respect to the input variable. But what is the meaning of this instantaneous rate of change in contexts other than velocity? For instance, what if a function measures the size of a population at a given time? or the total revenue being generated by a sales of a product? or the rate at which a car consumes gasoline at a given speed? In what follows, we take a closer look at the meaning of the derivative in applied contexts.

Section Basic learning objectives

These are the tasks you should be able to perform with reasonable fluency when you arrive at our next class meeting. Important new vocabulary words are indicated in italics.
  • Determine the units on the derivative of a function \(f\) (units of \(f\) per unit of \(x\)).
  • State and use the limit definition of the derivative.
  • Use a difference quotient to estimate the value of the derivative of a function.
  • Given appropriate data, use a central difference to obtain a good estimate of the value of a derivative at a point.

Section To prepare for class

Complete all actions listed below. Respond to the questions highlighted with Submit.

Checkpoint 37. πŸ“ [Submit] Interpreting Derivatives in Context.

Section After class

Solidifying the concepts discussed in class through practice is necessary to build your skills.

Section Advanced learning objectives

In addition to mastering the basic objectives, here are the tasks you should be able to perform after class, with practice:
  • Interpret the value of \(f'(a)\) in a wide range of applied contexts while using the units on \(f\) and \(a\) appropriately.
  • Use \(f'(a)\) to predict approximate change in \(f\) on an interval near \(a\text{.}\)

Section Answers

    1. Dollars
    2. Dollars per year
  1. \(f'(3)=50\) means that when the price of sugar is $3 per pound, the rate at which the pounds produced changes is 50 pounds of sugar per dollars. That is, a one dollar increase in the price of sugar increases production by 50 pounds.
  2. Visualize all the water flowing through the pipe ending up in a tank somewhere. If \(V(t)\) is the volume of water in the tank at time \(t\text{,}\) then we are being told the rate of change of \(V(t)\) is 10, or \(V'(t)=10\) cubic feet per second.