SOLUTION: The value of a share can be represented by V(x) = x2 � 28x + 13, where x is the number of months after January 2004. What is the lowest value V(x) will reach, and when did that oc

Question 289806: The value of a share can be represented by V(x) = x2 � 28x + 13, where x is the number of months after January 2004. What is the lowest value V(x) will reach, and when did that occur? (5 points)
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

You can take the derivative and set it equal to zero to find extrema.

Since V''(x)=2, then the extrema is a minimum.
.
.
.
You can also check it graphically.

RELATED QUESTIONS
Could you please help me solve this word problem? Thank you, Cynthia The value of a... (answered by solver91311)

The value of a share of a company can be represented by V(x) = x2 � 6x + 13, where x is... (answered by stanbon)

The value of a share of I.J. Solar can be represtented by V(x)=x^2-6x+13, where x is the... (answered by Earlsdon)

The balance of a loan is $2,570 in January, and the monthly payment is $125.50. The... (answered by Theo)

I need help finding the quadratic equation that represents the monthly value of a share... (answered by Theo)

Please help, thank you :) The monthly value of a share of ACME Corporation, in dollars, (answered by ankor@dixie-net.com)

I am in desperate need for someone to explain each step for me in detail so I can get... (answered by richard1234)

I do not want an answer to the following problem. I did the work, and I am not getting... (answered by stanbon)

the value v(t) insents of a share is give by v(t) = 2t^2-16t+40 where t represents the... (answered by nerdybill)