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y=\frac{1}{4}\left(x^{3}-120x^{2}+4800x-64000\right)+30
Use binomial theorem \left(a-b\right)^{3}=a^{3}-3a^{2}b+3ab^{2}-b^{3} to expand \left(x-40\right)^{3}.
y=\frac{1}{4}x^{3}-30x^{2}+1200x-16000+30
Use the distributive property to multiply \frac{1}{4} by x^{3}-120x^{2}+4800x-64000.
y=\frac{1}{4}x^{3}-30x^{2}+1200x-15970
Add -16000 and 30 to get -15970.