2. Previously you solved a problem in which the profits of a company in millions of dollars weremodeled as a function of x, the number of franchises sold. The profits were modeled with thequadratic function: P = f(x) = -x² + 10x – 10. Algebraically find the vertex of thisfunction and explain what it means about the profits of the company.3. You are the head of marketing at a large company. Your research has shown that thecompany's annual profit, P in millions of dollars, is a function of the amount spent onadvertising, x, in thousands of dollars. You determine that you can model the annual profitswith the quadratic function: = 230 + 20x – 0.5x?. The CEO of the company is willing tospend up to four hundred thousand dollars on advertising this year in order to achieve thehighest possible profits. What advice do you have for the CEO? This CEO always wants verysuccinct advice, but he is also interested in the "whole picture". He insists on fulldocumentation in case he later wants to review the facts. Write a report that gives clear advicefor the CEO and fits the above specifications.

Given that, the profit function is fx=-x2+10x-10. It is known that, the vertex of the quadratic…

2. Previously you solved a problem in which the profits of a company in millions of dollars were modeled as a function of x, the number of franchises sold. The profits were modeled with the quadratic function: P = f(x) = -x² + 10x – 10. Algebraically find the vertex of this function and explain what it means about the profits of the company.