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First we need to choose an interval: Then we can say that a local maximum is the point where: The height of the function at a is greater than (or equal to) the height anywhere else in that interval. Or, more briefly: f(a) â¥ f(x) for all x in the interval. In other words, there is no height greater than f(a).
A basis point is a unit of measurement that is equal to 1/100 of one percent, or 0.01%. A basis point expressed numerically as a decimal is equal to 0.0001. The term basis point is particularly common in financial fields where small percentages often play a role in fees or charges, such as in credit card processing.