Daily crude oil production by one particular oil company for 2008-2013 could be approximated by P(t)=0.005t^2−0.4t+5.74 million barrels, where tt 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: