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
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-> 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
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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.
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You can also check it graphically.
