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Where is convex function used in daily life?

Answer»

An easy ONE would be the distance function if you MOVE with a constant acceleration. Newton's law says that s=(1/2)at2" role="presentation" style="margin: 0PX; padding: 0px; outline: 0px; display: inline; font-style: normal; font-weight: normal; line-height: normal; font-size: 14px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; word-wrap: normal; white-space: nowrap; float: none; DIRECTION: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; position: relative;">s=(1/2)at2s=(1/2)at2.
Now if you draw the graph of it, you get that its increasing such that the CHANGE is also increasing.
This is what all convex functions must satisfy.

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