3.3 Rates of change and behavior of graphs  (Page 23/15)

Gasoline costs have experienced some wild fluctuations over the last several decades. [link] http://www.eia.gov/totalenergy/data/annual/showtext.cfm?t=ptb0524. Accessed 3/5/2014. lists the average cost, in dollars, of a gallon of gasoline for the years 2005–2012. The cost of gasoline can be considered as a function of year.

If we were interested only in how the gasoline prices changed between 2005 and 2012, we could compute that the cost per gallon had increased from $2.31 to $3.68, an increase of $1.37. While this is interesting, it might be more useful to look at how much the price changed per year . In this section, we will investigate changes such as these.

Finding the average rate of change of a function

The price change per year is a rate of change    because it describes how an output quantity changes relative to the change in the input quantity. We can see that the price of gasoline in [link] did not change by the same amount each year, so the rate of change was not constant. If we use only the beginning and ending data, we would be finding the average rate of change    over the specified period of time. To find the average rate of change, we divide the change in the output value by the change in the input value.

The Greek letter $\text{Δ}$ (delta) signifies the change in a quantity; we read the ratio as “delta- y over delta- x ” or “the change in $y$ divided by the change in $x.$ ” Occasionally we write $\text{Δ}f$ instead of $\text{Δ}y,$ which still represents the change in the function’s output value resulting from a change to its input value. It does not mean we are changing the function into some other function.

In our example, the gasoline price increased by $1.37 from 2005 to 2012. Over 7 years, the average rate of change was

On average, the price of gas increased by about 19.6¢ each year.

Other examples of rates of change include:

• A population of rats increasing by 40 rats per week
• A car traveling 68 miles per hour (distance traveled changes by 68 miles each hour as time passes)
• A car driving 27 miles per gallon (distance traveled changes by 27 miles for each gallon)
• The current through an electrical circuit increasing by 0.125 amperes for every volt of increased voltage
• The amount of money in a college account decreasing by $4,000 per quarter