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This problem is an extension of secondary ideas, intended primarily for the keen and those considering mathematics at university.
There are many applications of the idea of interpolating polynomials, but this problem is more about presenting the ideas of existence and uniqueness proofs, as well as giving students an intuition for the different ways graphs can be manipulated.
You can also discuss how a polynomial of degree $n$ can be defined in two different ways - either as the $n+1$ coefficients of powers of $x$, or the values of the polynomial at $n+1$ distinct inputs. In linear algebra terminology, such polynomials belong to an $n+1$-dimensional vector space. A more intuitive notion of dimension that may be more suitable at this level is a measure of "free"-ness: add a dimension for each (real-valued) free variable and subtract one for each constraint.
If x, y and z are real numbers such that: x + y + z = 5 and xy + yz + zx = 3. What is the largest value that any of the numbers can have?
In y = ax +b when are a, -b/a, b in arithmetic progression. The polynomial y = ax^2 + bx + c has roots r1 and r2. Can a, r1, b, r2 and c be in arithmetic progression?
Given any two polynomials in a single variable it is always possible to eliminate the variable and obtain a formula showing the relationship between the two polynomials. Try this one.