Answer:
What is the importance of polynomial functions?
Polynomials are an important part of the "language" of mathematics and algebra. They are used in nearly every field of mathematics to express numbers as a result of mathematical operations. Polynomials are also "building blocks" in other types of mathematical expressions, such as rational expressions.
How these real-life applications improve or contribute to the value of life?
Since polynomials are used to describe curves of various types, people use them in the real world to graph curves. Combinations of polynomial functions are sometimes used in economics to do cost analyses, for example. Engineers use polynomials to graph the curves of roller coasters and bridges.