For Activities 13 through 18, a verbal representation of a function is given.
a. Determine whether the function has a constant rate of change or a constant percentage change.
b. Write an appropriate model for the function.
c. If the model is linear, what are the slope and y-intercept? If the model is exponential, what are the y-intercept and growth (or decay) rate?
Worldwide Oil Demand Daily world demand for oil was approximately 84.6 million barrels in 2004 and was predicted to increase by 1.02 million barrels per year until 2009.
(Source: Based on data from Energy Information Administration, June 2008)
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