Classify a polynomial and determine degree and leading coefficient

The video addresses common misconceptions students have when classifying polynomials. It clarifies that the classification is based on the degree, not the number of terms or the leading coefficient. The degree is determined by the highest exponent, not necessarily the first one. The video demonstrates how to rewrite polynomials in descending order to identify the degree and classify the polynomial correctly, using an example to show that a polynomial with a degree of three is a cubic function.

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