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What do you think the graph of ... moved up or down maximum turning point when \(y = 1\) and minimum turning point when \(y = - 1\) The graph looks like: Now try the example questions below.
Since \(k = - 1\), then this parabola will have a maximum turning point at (-4, -5) and hence the equation of the axis of symmetry is \(x = - 4\).
MIN(range); =MAX(range) where range equals the list of numbers you’re calculating. Common uses of this function are; for example, find the highest/lowest grade in a classroom; the highest/lowest ...
at which point the option-holder has a maximum loss of $230 (the cost of the option contract), which would occur if the option is not exercised. Thus, using these types of graphs, an option-holder ...