Learning Goals
- Determine the vertex of a quadratic relation given the vertex form equation.
- Determine the vertex form equation of a quadratic relation given the vertex.
- Convert the factored form equation of a quadratic relation to the vertex form equation.
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Recall
Profit is the amount gained or lost after subtracting all costs from the money collected.
A live theatre company has analyzed the profit it makes, \(P\) (in thousands of dollars), based on different ticket prices, \(x\) (in dollars). They have found that their profit is modelled by \(P=-\dfrac{1}{135}(x-45)^2+10\).
- Why does a parabola opening down model this situation?
- What ticket price will produce the maximum profit?