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CHAPTER 3 Exponential, Logistic, and Logarithmic Functions
3.1 Exponential and Logistic Functions
3.2 Exponential and Logistic Modeling
3.3 Logarithmic Functions and Their Graphs
3.4 Properties of Logarithmic Functions
3.5 Equation Solving and Modeling
3.6 Mathematics of Finance
The loudness of a sound we hear is based on the intensity of the associated sound wave. This sound intensity is the energy per unit time of the wave over a given area, measured in watts per square meter (W/m2). The intensity is greatest near the source and decreases as you move away, whether the sound is rustling leaves or rock music. Because of the wide range of audible sound intensities, they are generally converted into decibels, which are based on logarithms. See page 307.
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276 CHAPTER 3 Exponential, Logistic, and Logarithmic Functions
BIBLIOGRAPHY Chapter 3 Overview In this chapter, we study three interrelated families of functions: exponential, logistic, For students: Beyond Numeracy, John Allen Paulos. Alfred A. Knopf, 1991. and logarithmic functions. Polynomial functions, rational functions, and power func- tions with rational exponents are algebraic functions — functions obtained by adding, For teachers: e: The Story of a Number, Eli subtracting, multiplying, and dividing constants and an independent variable, and rais- Maor. Princeton University Press, 1993. ing expressions to integer powers and extracting roots. In this chapter and the next one, Learning Mathematics for a New Century, we explore transcendental functions , which go beyond, or transcend, these algebraic 2000 Yearbook, Maurice J. Burke and operations. Frances R. Curcio (Eds.), National Council of Teachers of Mathematics, 2000. Just like their algebraic cousins, exponential, logistic, and logarithmic functions have wide application. Exponential functions model growth and decay over time, such as unrestricted population growth and the decay of radioactive substances. Logistic functions model restricted population growth, certain chemical reactions, and the spread of rumors and diseases. Logarithmic functions are the basis of the Richter scale of earthquake intensity, the pH acidity scale, and the decibel meas- urement of sound. The chapter closes with a study of the mathematics of finance, an application of exponential and logarithmic functions often used when making investments.
3.1 Exponential and Logistic Functions What you’ll learn about Exponential Functions and Their Graphs ■ Exponential Functions and The functions f x x2 and g x 2x each involve a base raised to a power, but the Their Graphs roles are reversed: ■ The Natural Base e • For f x x2, the base is the variable x, and the exponent is the constant 2; f is a ■ Logistic Functions and Their familiar monomial and power function. Graphs • For g x 2x, the base is the constant 2, and the exponent is the variable x; g is an ■ Population Models exponential function. See Figure 3.1. . . . and why Exponential and logistic func- tions model many growth pat- terns, including the growth of DEFINITION Exponential Functions human and animal populations. Let a and b be real number constants. An exponential function in x is a function that can be written in the form y f x a • bx, 20 15 where a is nonzero, b is positive, and b 1. The constant a is the initial value of f 10 the value at x 0 , and b is the base . 5 x –4–3 –2 –1 1 234
Exponential functions are defined and continuous for all real numbers. It is important FIGURE 3.1 Sketch of g(x) 2x. to recognize whether a function is an exponential function. 5144_Demana_Ch03pp275-348 1/16/06 11:23 AM Page 277
SECTION 3.1 Exponential and Logistic Functions 277
EXAMPLE 1 Identifying Exponential Functions OBJECTIVE (a) f x 3x is an exponential function, with an initial value of 1 and base of 3. Students will be able to evaluate exponen- tial expressions and identify and graph (b) g x 6x 4 is not an exponential function because the base x is a variable and exponential and logistic functions. the exponent is a constant; g is a power function. MOTIVATE (c) h x 2 • 1.5x is an exponential function, with an initial value of 2 and base Ask . . . of 1.5. If the population of a town increases by 10% every year, what will a graph of the (d) k x 7 • 2 x is an exponential function, with an initial value of 7 and base of 1 2 population function look like? because 2 x 2 1 x 1 2 x. LESSON GUIDE (e) q x 5 • 6 is not an exponential function because the exponent is a constant; Day 1: Exponential Functions and Their q is a constant function. Now try Exercise 1. Graphs; The Natural Base e Day 2: Logistic Functions and Their One way to evaluate an exponential function, when the inputs are rational numbers, is Graphs; Population Models to use the properties of exponents.
EXAMPLE 2 Computing Exponential Function Values for Rational Number Inputs For f x 2x,
(a) f 4 24 2 • 2 • 2 • 2 16. (b) f 0 20 1 1 1 (c) f 3 2 3 0.125 23 8 1 (d) f 21 2 2 1.4142. . . ( 2 )
3 3 2 1 1 1 (e) f 2 0.35355. . . Now try Exercise 7. ( 2 ) 23 2 2 3 8 There is no way to use properties of exponents to express an exponential function’s value for irrational inputs. For example, if f x 2x, f 2 , but what does 2 10 mean? Using properties of exponents, 23 2 • 2 • 2, 23.1 231 10 2 31 . So we can find meaning for 2 by using successively closer rational approximations to as shown in Table 3.1.
Table 3.1 Values of f(x) 2x for Rational Numbers x Approaching 3.14159265. . . x 3 3.1 3.14 3.141 3.1415 3.14159 2x 8 8.5. . . 8.81. . . 8.821. . . 8.8244. . . 8.82496. . .
We can conclude that f 2 8.82, which could be found directly using a grapher. The methods of calculus permit a more rigorous definition of exponential functions than we give here, a definition that allows for both rational and irrational inputs. The way exponential functions change makes them useful in applications. This pattern of change can best be observed in tabular form. 5144_Demana_Ch03pp275-348 1/13/06 12:20 PM Page 278
278 CHAPTER 3 Exponential, Logistic, and Logarithmic Functions
EXAMPLE 3 Finding an Exponential Function (2, 36) from its Table of Values Determine formulas for the exponential functions g and h whose values are given in Table 3.2.
(1, 12) (–2, 4/9) (–1, 4/3) (0, 4) Table 3.2 Values for Two Exponential Functions [–2.5, 2.5] by [–10, 50] xg(x) h(x) (a) 24 9 128