Activity 3.4.1.
Here is a dataset. Just by looking at the dataset, guess the doubling period and write a guess of the appropriate exponential function. Evaluate that exponential function (using a calculator or computer) and compare the values with the data. Table 3.4.1. Data Set 1 for Exponential Growth
t | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
p | 1.0 | 1.1 | 1.2 | 1.5 | 1.8 | 2.0 | 2.3 | 2.7 | 3.1 | 3.5 | 4.1 |
Solution.
It looks like this data doubles about every five years. The starting value is 1. From the notes, I can use the provided structure for this exponential function: if \(a\) is the starting value and \(d\) is the doubling period, the function should be \(a2^{\frac{t}{d}}\text{.}\) Using the values from this data, here is the exponential function.
\begin{equation*}
p(t) = 2^{\frac{t}{5}}
\end{equation*}
If I wanted, I could change base to write this as an exponential function with base \(e\text{.}\) (This is useful to do in many cases, since the base \(e\) is the most common and most useful base for exponential functions in calculus.)
\begin{equation*}
p(t) = e^{\frac{t \ln 2}{5}}
\end{equation*}
The following table shows the values of this function to compare with the data set.
t | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
p | 1.0 | 1.1 | 1.2 | 1.5 | 1.8 | 2.0 | 2.3 | 2.7 | 3.1 | 3.5 | 4.1 |
\(2^\frac{t}{5}\) | 1.00 | 1.14 | 1.32 | 1.51 | 1.74 | 2.00 | 2.30 | 2.64 | 3.03 | 3.48 | 4.00 |
The function seems reasonably close to the given data.