Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

Business Mathematics and Statistics

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B Com : Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

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Inflection Points 

An Inflection Point is where a curve changes from Concave upward to Concave downward (or vice versa)

So what is concave upward / downward ?
Concave upward is when the slope increases:
Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev
Concave upward is when the slope decreases:
Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev
 Here are some more examples:

Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

Finding where ...

So our task is to find where a curve goes from concave upward to concave downward (or vice versa).

Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

Calculus

Derivatives help us!

The derivative of a function gives the slope.

The second derivative tells us if the slope increases or decreases.

  • When the second derivative is positive, the function is concave upward.
  • When the second derivative is negative, the function is concave downward.

And the inflection point is where it goes from concave upward to concave downward (or vice versa).
Example: y = 5x3 + 2x2 − 3x

Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

Let's work out the second derivative:

  • The derivative is y' = 15x2 + 4x − 3
  • The second derivative is y'' = 30x + 4

And 30x + 4 is negative up to x = −4/30 = −2/15, positive from there onwards. So:

f(x) is concave downward up to x = −2/15

f(x) is concave upward from x = −2/15 on

And the inflection point is at x = −2/15
 

A Quick Refresher on Derivatives

In the previous example we took this:

y = 5x3 + 2x2 − 3x

and came up with this derivative:

y' = 15x2 + 4x − 3

There are rules you can follow to find derivatives, and we used the "Power Rule":

  • x3 has a slope of 3x2, so 5x3 has a slope of 5(3x2) = 15x2
  • x2 has a slope of 2x, so 2x2 has a slope of 2(2x) = 4x
  • The slope of the line 3x is 3

     Another example for you:

    Example: y = x3 − 6x2 + 12x − 5

    The derivative is: y' = 3x2 − 12x + 12

    The second derivative is: y'' = 6x − 12

    And 6x − 12 is negative up to x = 2, positive from there onwards. So:

    f(x) is concave downward up to x = 2

    f(x) is concave upward from x = 2 on

    And the inflection point is at x = 2:

Point of Inflection - Differentiation, Business Mathematics & Statistics B Com Notes | EduRev

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