Does the derivative (the slope value) only give us the instantaneous rate change at a point and nothing else? Is this the only significance of that value?
For example I took the function $f(x)=x^2$,lets consider at $x=3$. $f(x)=x^2=9$ and $f'(x)=2x=6$. Does the value $6$ only tells us rate of change at point $x=3$?
Lets consider average rate change, e.g. suppose the average rate of change in y with respect to x over some interval is $7$; that is, for every single unit by which x changes, "y" on average changes by $7$ units. Here the average value "$7$" is related to the y value of the function means y on average changes by $7$ units.
Some of my friends said that the value $f'(x)=6$ in the above example only gives the rate of change at that point, i.e it is just the slope of the tangent at that point and nothing else, it has no effect on the y value ($x^2=9$) of the function. But if it doesn't have to do anything with 'y' value, then why is the slope at point called "the instantaneous rate of change of y with respect to x"?can anyone explain to me this, I really need help.