1) The document introduces the absolute value function and piecewise-defined functions. It contains examples investigating college tuition rates as a piecewise function and a stock trading rule involving absolute value.
2) Tables are used to represent piecewise functions and the absolute value of various inputs is calculated. Equations are written to represent piecewise functions and the meaning of absolute value is discussed.
3) The document emphasizes understanding rates of change and absolute value, especially in business applications. It stresses the importance of studying these concepts and notes that absolute value is always positive.