The centrifugal pump apparatus is used to measure the effects of pump rotational speed and volumetric flow rate on pump performance. The experiment involves adjusting the pump speed using a rheostat, measuring the suction and discharge pressures, torque, and flow rate, and plotting various curves to analyze the results. The goals are to understand the trends in pump head, efficiency, brake horsepower, and net positive suction head available versus volumetric flow rate, as well as to compare the performance of the pump at different speeds and flow rates.