Final answer:
The function is increasing on the interval (2, ∞) and decreasing on the interval (-∞, 2).
Step-by-step explanation:
To determine the intervals on which a function is increasing or decreasing, we need to find the intervals where the derivative of the function is positive or negative.
The derivative of the function f(x) = 2x^2 - 8x + 7 is f'(x) = 4x - 8.
To find the intervals of increase or decrease, we need to solve f'(x) > 0 and f'(x) < 0.
Solving f'(x) > 0, we get x > 2. Solving f'(x) < 0, we get x < 2.
Therefore, the function is increasing on the interval (2, ∞) and decreasing on the interval (-∞, 2).