Consider the following scenario:

h(t) = -16t² + 2304

The height of a steel ball in feet that is dropped can be modeled by a quadratic function (e.g. h(t) = -16t² + 2304), where t represents time in minutes and h is the height of the ball measured in feet.

Create a function based on the scenario above and address the following:

1. Draw a graph or figure to represent this situation.
2. Describe how the concepts from this module can be applied in this case.
3. What is the initial height of the ball, and at what time does the steel ball hit the ground?
4. Provide another example of a scenario that involves the same concept.