- Model situations of increasing or decreasing values, like population growth or radioactive decay, and use special equations like Newton’s Law for cooling
- Understand how to use logistic models for growth that slows down as it reaches a limit
- Figure out when to use exponential models to analyze real-world data
Exponential Growth and Decay
The Main Idea
- Exponential Growth: [latex]A = A_0e^{rt}[/latex]
- [latex]A_0[/latex]: Initial amount
- [latex]r[/latex]: Growth rate (positive)
- [latex]t[/latex]: Time
- Exponential Decay: [latex]A = A_0e^{-kt}[/latex]
- [latex]k[/latex]: Decay rate (positive)
- Doubling Time: [latex]t = \frac{\ln(2)}{r}[/latex]
- Half-life: [latex]t = \frac{\ln(2)}{k} = \frac{\ln(1/2)}{-k}[/latex]
Characteristics of Exponential Functions
- Domain: All real numbers
- Range: [latex](0, ∞)[/latex]
- y-intercept: [latex](0, A_0)[/latex]
- Horizontal asymptote: [latex]y = 0[/latex]
- Increasing if [latex]r > 0[/latex], decreasing if [latex]r < 0[/latex]
Applications
- Population Growth
- Compound Interest
- Moore’s Law (computing power)
- Radioactive Decay
- Radiocarbon Dating
Problem-Solving Approach
- Identify whether it’s growth or decay
- Determine the initial amount ([latex]A_0[/latex])
- Calculate or identify the rate ([latex]r[/latex] or [latex]k[/latex])
- Apply the appropriate formula
- Solve for the unknown variable (often time [latex]t[/latex] or final amount [latex]A[/latex])
Key Formulas for Radioactive Decay
- General form: [latex]A(t) = A_0(\frac{1}{2})^{t/T}[/latex] where [latex]T[/latex] is the half-life
- Radiocarbon dating: [latex]t = \frac{\ln(A/A_0)}{-0.000121}[/latex] where [latex]A/A_0[/latex] is the ratio of current to initial carbon-14
You can view the transcript for “Exponential Growth App (y=ab^t) – Find Initial Amount Given Doubling Time” here (opens in new window).
You can view the transcript for “Exponential Growth App (y=ab^t) – Given Doubling Time” here (opens in new window).
You can view the transcript for “Ex: Exponential Model – Determine Age Using Carbon-14 Given Half Life” here (opens in new window).
Newton’s Law of Cooling
The Main Idea
Newton’s Law of Cooling describes how an object’s temperature changes exponentially as it approaches the ambient temperature:
[latex]T(t) = A e^{kt} + T_s[/latex]
Where:
- [latex]T(t)[/latex] is the temperature at time [latex]t[/latex]
- [latex]A[/latex] is the initial temperature difference (object – surroundings)
- [latex]k[/latex] is the cooling rate (negative for cooling)
- [latex]T_s[/latex] is the surrounding temperature
Characteristics
- Exponential decay towards ambient temperature
- Vertical shift of the exponential decay function
- Horizontal asymptote at [latex]T_s[/latex]
Problem-Solving Approach
- Identify [latex]T_s[/latex] (ambient temperature)
- Find [latex]A[/latex] by subtracting [latex]T_s[/latex] from initial temperature
- Use a second data point to solve for [latex]k[/latex]
- Apply the formula to find unknown time or temperature
You can view the transcript for “Ex: Newton’s Law of Cooling – Exponential Function App” here (opens in new window).
Logistic Growth
The Main Idea
The logistic growth model describes growth with a limiting factor:
[latex]f(x) = \frac{c}{1 + ae^{-bx}}[/latex]
Where:
- [latex]c[/latex] is the carrying capacity (upper limit)
- [latex]a[/latex] affects the initial value (f(0) = c/(1+a))
- [latex]b[/latex] is the growth rate
Characteristics
- S-shaped curve
- Initially similar to exponential growth
- Growth rate decreases as it approaches carrying capacity
- Horizontal asymptote at [latex]y = c[/latex]
Comparison to Exponential Growth
- Exponential: Unlimited growth
- Logistic: Limited by carrying capacity
- Exponential: Constant relative growth rate
- Logistic: Decreasing relative growth rate
Applications
- Population growth with limited resources
- Spread of infectious diseases
- Technology adoption
- Product sales over time
Exponential Regression
The Main Idea
Exponential regression is used to model data that shows exponential growth or decay. The general form of the model is:
[latex]y = ab^x[/latex]
Where:
- [latex]a[/latex] is the [latex]y[/latex]-intercept (initial value)
- [latex]b[/latex] is the base (growth/decay factor)
Characteristics
- For growth: [latex]b > 1[/latex]
- For decay: [latex]0 < b < 1[/latex]
- [latex]a[/latex] must be positive
- Initial growth/decay is slow, then accelerates
When to Use Exponential Regression
- Data increases/decreases by a constant percentage
- Growth starts slow, then accelerates rapidly
- Decay is rapid at first, then slows down approaching zero
Regression Process
- Enter data into a graphing utility
- Create a scatter plot
- Perform exponential regression
- Analyze the fit (r² value)
- Graph the model with the data points
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
Debt ($) | 620.00 | 761.88 | 899.80 | 1039.93 | 1270.63 | 1589.04 | 1851.31 | 2154.92 |
- Use exponential regression to fit a model to these data.
- If spending continues at this rate, what will the graduate’s credit card debt be one year after graduating?
You can view the transcript for “Ex: Perform Exponential Regression on a Graphing Calculator” here (opens in new window).