A quadratic function can only have either a maximum or a minimum point, not both. The shape of the graph, which is a parabola, determines this: if the parabola opens upwards (the coefficient of the (x^2) term is positive), it has a minimum point; if it opens downwards (the coefficient is negative), it has a maximum point. Therefore, a quadratic function cannot exhibit both extreme values simultaneously.
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They are simply referred to as local minimums and maximums. Experience: Algebra 2 Advanced
Suppose you have a quadratic function of the form y = ax2 + bx + c where a, b and c are real numbers and a is non-zero. [If a = 0 it is not a quadratic!] The turning point for this function may be obtained by differentiating the equation with respect to x, or by completing the squares. However you get there, the turning point is the solution to 2ax + b = 0 or x = -b/2a Now, if a > 0 then the quadratic has a minimum at x = -b/2a and it has no maximum because y tends to +∞ as x tends to ±∞ . if a < 0 then the quadratic has a maximum at x = -b/2a and it has no minimum because y tends to -∞ as x tends to ±∞. You evaluate the value of y at this point. y = a(-b/2a)2 + b(-b/2a) + c = b2/4a - b2/2a + c = -b2/4a + c = -(b2 - 4ac)/4a In either case, if the domain of the function is bounded on both sides, then the missing extremum will be at one or the other bound - whichever is further away from (-b/2a).
A quadratic can be drawn as a graph and it is either "U" shaped or "n" shaped. If it were "U" shaped, the minimum value qould be the lowest point of the "U". If "n" shaped, maximum would be the top.
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A global minimum is a point where the function has its lowest value - nowhere else does the function have a lower value. A local minimum is a point where the function has its lowest value for a certain surrounding - no nearby points have a lower value.