Daily crude oil production by one particular oil company for 2008-2013 could be approximated by P(t) =0.028 t2 _0.2t+6.62 million barrels, where t is time in years since the start of 2000. What was the average rate of change of P(t) over the interval [8, 12]?

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Exponential Growth Model

The relation that represents an exponential function is: