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.
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.

Know that the units on the derivative of a function \(f\) are "units of \(f\) per unit of \(x\)".

As always, be comfortable stating and using the limit definition of the derivative.

Understand how a difference quotient can be used 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.
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.

Understand how \(f'(a)\) enables us to predict approximate change in \(f\) on an interval near \(a\).
To prepare for class

Read the Introduction of section 1.5.

Do the Preview Activity for section 1.5 (on WeBWorK if required by your teacher).

Watch the following summary video:

Read the remainder of section 1.5, up to and including the discussion of the "central difference approximation."

Watch the following two videos:
After class
 Finish any inclass activities you might not have finished during class.
 Do the problems on the WeBWorK assignment for this section.