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Task 1: Understanding the Equation Your company has a profit that is represented by the equation P = i3:2 + 5:: + 24, where P
Task 1: Understanding the Equation Your company has a profit that is represented by the equation P = i3:2 + 5:: + 24, where P is the profit in millions and x is the number of years starting in 2018. a. Graph the relation b. Is this relation linear, quadratic or neither? Explain your answer in two different ways. 0. What is the direction of opening and does profit have a maximum or minimum? How do you know? d. What is the Pintercept of this relation? What does it represent? Do you think it would make sense that this is a new company given the Pintercept? Explain. Task 2: Solving for 'break even point(s)' A break-even point for a company is when they are neither making nor losing money. This is when the profit is 0. a. How many break-even point(s) will there be? What do you use to determine this? b. Determine in which year(s) the company will break even using any algebraic method you wish. c. Determine in which year(s) the company will break even using a different algebraic method than you chose in b). d. Which method, the one you used for b) or the one you used for 0) did you prefer? Explain why. Task 3: Determining different profits a. In the year 2024, how much prot will the company be making? Solve this algebraically. b. For how many years will the company be making at least 33 million? Solve this algebraically
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