Identify the vertex, axis of symmetry and the max/min value of the function.
y= (1 - 5)^2 – 16

Vertex:

Axis of symmetry:

Max/Min value of the function: The minimum value of the curve is -16

Step-by-step explanation:

The correct statement is now described:

Identify the vertex, axis of symmetry and the max/min value of the function.

Vertex

Based on the definition of the standard form of the equation of the parabola  with a vertical axis of symmetry we can find where the vertex is:

(1)

Where:

, - Coordinates of the vertex, dimensionless.

- Constant, dimensionless.

, - Independent and independent variables, dimensionless.

The standard form of the given equation is:

Then, we notice that the vertex of parabola is located at .

Axis of symmetry

In this case, the axis of symmetry corresponds to a vertical line that passes through the vertex. Therefore, the axis of symmetry is represented by .

Max/Min value of the function

Given that the constant () is greater than zero, it means that given parabola contains an absolute minimum represented by the vertex. Then, the minimum value of the curve is -16.

The answer is 40%.

Step-by-step explanation:

Jim has an annual salary of $96,000

So, his monthly salary will be = dollars

His monthly expenses include a $2,500 mortgage payment, a $250 lease payment, $500 in minimum credit card payments, and a $425 payment on his speed boat.

Total becomes: dollars

He also receives $1,200 in interest from his savings and other accounts each month.

We will add this to $8000 , totaling to $9200.

Now, Jim's debt amount is $3675 and his income is ≈ 40%.