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Exponential growth is a process that increases quantity over time at an ever-increasing rate. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential function of time ...
Exponential decay. A quantity undergoing exponential decay. Larger decay constants make the quantity vanish much more rapidly. This plot shows decay for decay constant ( λ) of 25, 5, 1, 1/5, and 1/25 for x from 0 to 5. A quantity is subject to exponential decay if it decreases at a rate proportional to its current value.
Other models suggest exponential growth, logistic growth, or other functions. Queuing theory. Another example of hyperbolic growth can be found in queueing theory: the average waiting time of randomly arriving customers grows hyperbolically as a function of the average load ratio of the server. The singularity in this case occurs when the ...
The stretched exponential function. is obtained by inserting a fractional power law into the exponential function. In most applications, it is meaningful only for arguments t between 0 and +∞. With β = 1, the usual exponential function is recovered. With a stretching exponent β between 0 and 1, the graph of log f versus t is ...
Half-life (symbol t½) is the time required for a quantity (of substance) to reduce to half of its initial value. The term is commonly used in nuclear physics to describe how quickly unstable atoms undergo radioactive decay or how long stable atoms survive. The term is also used more generally to characterize any type of exponential (or, rarely ...
Double exponential function. A double exponential function is a constant raised to the power of an exponential function. The general formula is (where a >1 and b >1), which grows much more quickly than an exponential function. For example, if a = b = 10: f (x) = 10 10x. f (0) = 10.
The doubling time is a characteristic unit (a natural unit of scale) for the exponential growth equation, and its converse for exponential decay is the half-life. As an example, Canada's net population growth was 2.7 percent in the year 2022, dividing 72 by 2.7 gives an approximate doubling time of about 27 years. Thus if that growth rate were ...
In nuclear physics, the Bateman equation is a mathematical model describing abundances and activities in a decay chain as a function of time, based on the decay rates and initial abundances. The model was formulated by Ernest Rutherford in 1905 [1] and the analytical solution was provided by Harry Bateman in 1910. [2]
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