Extreme values refer to the maximum and minimum values a function takes on an interval. These can be found either at the endpoints of the interval or at critical points where the derivative equals zero. Calculating the extreme values is especially useful to understand the overall behavior of a function over a specific region.
In our example, once the critical point \( x = -\frac{1}{2} \) is identified, we evaluate the function at both the critical point and the interval's endpoints \([-1, 2]\). This gives us the values:
- At the critical point \( x = -\frac{1}{2} \): \( f\left(-\frac{1}{2}\right) = 3.75 \)
- At \( x = -1 \): \( f(-1) = 4 \)
- At \( x = 2 \): \( f(2) = 10 \)
From these evaluations, we see that the absolute minimum on the interval is at \( x = -1 \) and the absolute maximum is at \( x = 2 \).