The document provides an example problem involving calculus applications to find the local extrema and absolute maximum and minimum of a function f(x) = x^3 - 45x^2 + 600x + 20 on the interval [0,30]. It shows the steps to take the derivative of the function, set it equal to 0 to find critical points, and use the derivative test to determine if the critical points are maxima or minima. The document then evaluates the function at the endpoints of 0 and 30 to determine the absolute maximum and minimum values on the given interval.