Chapter 1.1, Problem 41E

(a)

To determine

To calculate: The value of $p\left(2\right),p\left(3\right)$ and $p\left(6\right)$ based on the following table which shows the daily crude oil production by Pemex Mexico’s National oil company for $2008-2014$

$\left(t=0\text{ for }2008\right)$.

$\begin{array}{cccccccc}\begin{array}{l}\text{Year }t\\ \left(\text{year since 2008}\right)\end{array}& 0& 1& 2& 3& 4& 5& 6\\ \begin{array}{l}\text{Crude Oil Production}\\ p\left(t\right)\left(\text{million barrels|day}\right)\end{array}& 3.16& 2.97& 2.95& 2.94& 2.91& 2.88& 2.79\end{array}$

(b)

To determine

To calculate: The value of $p\left(4\right)-p\left(2\right)$ based on the following table which shows the daily crude oil production by Pemex Mexico’s National oil company for $2008-2014$

$\left(t=0\text{ for }2008\right)$.

$\begin{array}{cccccccc}\begin{array}{l}\text{Year }t\\ \left(\text{year since 2008}\right)\end{array}& 0& 1& 2& 3& 4& 5& 6\\ \begin{array}{l}\text{Crude Oil Production}\\ p\left(t\right)\left(\text{million barrels|day}\right)\end{array}& 3.16& 2.97& 2.95& 2.94& 2.91& 2.88& 2.79\end{array}$