Step 1 :The function given is a quadratic function, which is a parabola. The coefficient of \(x^2\) is positive, so the parabola opens upwards. This means that the function has a minimum value, but no maximum value.
Step 2 :The minimum value occurs at the vertex of the parabola, which can be found using the formula \(x = -\frac{b}{2a}\), where \(a\) is the coefficient of \(x^2\) and \(b\) is the coefficient of \(x\). In this case, \(a = 0.003\) and \(b = 4.2\).
Step 3 :Substituting the values of \(a\) and \(b\) into the formula, we find that the \(x\)-value of the vertex is \(-700\).
Step 4 :Substituting \(x = -700\) into the function, we find that the minimum value of the function is \(-1560\).
Step 5 :\(\boxed{\text{The absolute minimum is } -1560 \text{ at } x=-700 \text{ and there is no absolute maximum.}}\)