Final answer:
In the function f(x) = 5 - 0.34x, the variable x represents the number of stamps that Dave purchased. The function calculates the change Dave receives after buying stamps at $0.34 each.
Step-by-step explanation:
The variable x in the function f(x) = 5 - 0.34x represents the number of stamps that Dave purchased. When Dave buys stamps, he spends $0.34 on each stamp, so multiplying the stamp price by the number of stamps (x) gives the total cost. Subtracting this cost from the initial $5.00 that Dave had to spend gives the amount of change he receives, hence the function f(x) represents that remaining money in terms of the stamps purchased.