Use the Trapezoidal Rule and Simpson's Rule to Approximate the Value

question 142

Short Answer

Use the trapezoidal rule and Simpson's rule to approximate the value of the definite integral. Please give the answer to four decimal places.
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Trapezoidal rule: __________
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Simpson's rule: __________

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Definitions:

Industry Cost

The total expenses incurred by firms operating within a specific industry, including production, labor, and capital costs.

Demand Conditions

pertain to the nature and size of the market demand for products or services in a given industry, influencing competitive strategy and innovation.

Pure Monopolist

A single seller in a market with no close substitutes for the product, giving the seller significant control over prices.

Maximum Profit

The highest possible financial gain a business can achieve from its operations, given its costs and revenue structure.