Lead was banned as an ingredient in most paints in 1978, although it is still used in specialty paints. Lead usage in paints from 1940 through 1980 is reported in the accompanying table. Lead usage (thousands of tons) Year 1940 70 1950 35 1960 10 1970 5 1980 0.01 (a) Align the input data as years after 1940. Examine a scatter plot of the data. Find quadratic and exponential models for lead usage. (Round your coefficients to 3 decimal places.) Quadratic Model Q(x) = thousands of tons of lead was used in paints x years after 1940, for the years from 1940 through 1980. Exponential Model E(x) = thousands of tons of lead was used in paints x years after 1940, for the years from 1940 through 1980. (b) Based on how well each function fits the data, which model would be best for interpolating (estimating lead usage between 1940 and 1980). O The quadratic model would be best for interpolating because it fits the data better between 1940 and 1980. O Either model would work equally well for interpolating because they both fit the data well between 1940 and 1980. O The exponential model would be best for interpolating because it fits the data better between 1940 and 1980. (c) Based on the fact that lead was banned in most paints in 1978, which function would be best for extrapolating values for more recent years (estimating lead usage after 1980)? Why? O The quadratic model would best estimate the lead usage after 1980 because the graph approaches zero as you move farther to the right. O The quadratic model would best estimate the lead usage after 1980 because the graph approaches infinity as you move farther to the right. O The exponential model would best estimate the lead usage after 1980 because the graph approaches infinity as you move farther to the right. O The exponential model would best estimate the lead usage after 1980 because the graph approaches zero as you move farther to the right.
Minimization
In mathematics, traditional optimization problems are typically expressed in terms of minimization. When we talk about minimizing or maximizing a function, we refer to the maximum and minimum possible values of that function. This can be expressed in terms of global or local range. The definition of minimization in the thesaurus is the process of reducing something to a small amount, value, or position. Minimization (noun) is an instance of belittling or disparagement.
Maxima and Minima
The extreme points of a function are the maximum and the minimum points of the function. A maximum is attained when the function takes the maximum value and a minimum is attained when the function takes the minimum value.
Derivatives
A derivative means a change. Geometrically it can be represented as a line with some steepness. Imagine climbing a mountain which is very steep and 500 meters high. Is it easier to climb? Definitely not! Suppose walking on the road for 500 meters. Which one would be easier? Walking on the road would be much easier than climbing a mountain.
Concavity
In calculus, concavity is a descriptor of mathematics that tells about the shape of the graph. It is the parameter that helps to estimate the maximum and minimum value of any of the functions and the concave nature using the graphical method. We use the first derivative test and second derivative test to understand the concave behavior of the function.
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