Final Answer:
The function
has one local minimum and one local maximum. By graphing the function on a calculator, the estimated local minimum occurs around
, and the estimated local maximum occurs around

Step-by-step explanation:
To identify local extrema, we first find critical points by setting the derivative of the function equal to zero. Differentiating
with respect to \
Setting
yields critical points. Using the quadratic formula, we find two critical points:
To determine whether these points correspond to local minima or maxima, we analyze the second derivative
, indicating a local maximum, and at
indicating a local minimum.
Graphing the function on a calculator visually confirms these results. Around
the function reaches a peak, suggesting a local maximum, and around
the function dips, indicating a local minimum.
This graphical approach provides a quick estimate of the locations of the local extrema. Further mathematical analysis can be performed, but the graph serves as a useful tool for visualization and estimation.