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What does it mean if a function is concave?
what does it actually mean if a function is concave or convex? what does that say about the function?
How would i explain this without using derivatives?
thank you
I'm aware of how to tell if a function is concave or convex both by looking at it and by using derivatives, What I'm asking is; what does this tell me about the function?
If a function is concave what is that saying as opposed to it being convex, what is the significance of that? I don't just want to know what it looks like