The interpretation is that the housing market reaches a maximum value of $101952.384, 10.48 years after 2020
The function is given as:
V(x) = 210x^2 – 4400x + 125000,
Differentiate the function
V'(x) = 420x – 4400
Set to 0
420x – 4400 =0
Add 4400 to both sides
420x = 4400
Divide both sides by 420
x = 10.48
Substitute x = 10.48 in V(x) = 210x^2 – 4400x + 125000,
V(10.48) = 210(10.48)^2 – 4400(10.48) + 125000
Evaluate
V(10.48) = 101952.384
Hence, the vertex is (10.48, 101952.384)
And the interpretation is that the housing market reaches a maximum value of $101952.384, 10.48 years after 2020
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