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Name ___PreCalculus 11Block ___Extra Practice Word Problems & Max/Min 21. Write each equation in the for my a (x p) + q. Then: i) Sketch each parabola ii) Label the vertex, axis of symmetry and 2
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Identify the function that represents the problem.
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Take the derivative of the function to find critical points.
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Evaluate the function at the critical points and at the endpoints of the interval.
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Compare the values obtained to find the maximum and minimum values.

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Max min problems refer to optimization issues where the goal is to maximize the minimum value of a certain objective function, often used in decision-making processes under uncertainties.
Entities or individuals involved in operations that involve risk management and resource allocation typically need to file max min problems, especially in contexts like finance or project management.
To fill out max min problems, identify the objective function, constraints, and decision variables, then apply optimization techniques to determine the optimal solution that maximizes the minimum outcome.
The purpose of max min problems is to ensure that decision-makers achieve the best possible outcome while minimizing the worst-case scenarios in uncertain environments.
Information that must be reported includes the objective function, variable constraints, any assumptions made, and the optimal solution obtained from the analysis.
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