- If $y''<0$ for some stat point then it is a MAX (Concave down).
- If $y''>0$ for some stat point then it is a MIN (Concave up).
- If $y''=0$ for some stat point then you MUST use the first derivative test box to see what it is :-)
EXAMPLE: $y=x^2-1$
$y'=2x$ stationary point is when $x=0$
Here, $y''=2>0$.
$(0,-1)$ is the stat point.
Since $y''(0)=2$ , so $y''>0$ and hence its a MIN.
You can verify this with the first derivative test.
JH :-)
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