Question: Determine the local maxima and minima of f(x) = x^2 - 4x + 3.
Options:
Correct Answer: Minima at x=2
Solution:
f\'(x) = 2x - 4. Setting f\'(x) = 0 gives x = 2. f\'\'(x) = 2 > 0 indicates a local minimum at x = 2.