The height of the baseball as a function of time is given by the equation:
\[ y = -16t^2 + 88t \]
This is a quadratic equation that opens downward (since the coefficient of \( t^2 \) is negative). The greatest height (the vertex of the parabola) of the function can be found using the vertex formula. For a quadratic equation in standard form \( y = ax^2 + bx + c \), the time \( t \) at which the maximum height occurs is given by:
\[ t = -\frac{b}{2a} \]
In our equation, \( a = -16 \) and \( b = 88 \). Plugging in these values, we get:
\[ t = -\frac{88}{2 \times -16} = \frac{88}{32} = 2.75 \text{ seconds} \]
Now we substitute \( t = 2.75 \) back into the height equation to find the maximum height:
\[ y = -16(2.75)^2 + 88(2.75) \]
Calculating \( (2.75)^2 \):
\[ (2.75)^2 = 7.5625 \]
Now substituting into the equation gives:
\[ y = -16(7.5625) + 88(2.75) \]
Calculating \( -16(7.5625) \):
\[ -16(7.5625) = -121 \]
Calculating \( 88(2.75) \):
\[ 88(2.75) = 242 \]
Now, combining both parts:
\[ y = -121 + 242 = 121 \]
Thus, the greatest height the baseball reached is:
\[ \boxed{121 \text{ feet}} \]