notes on "applied calculus", flath/gleason/et.al

Upload: andrew-dabrowski

Post on 07-Apr-2018

220 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    1/128

    Chapter 1: Functions

    A function is like a free Snack Vending Machine.

    L2

    functioninput output

    But in mathematics, a function can work with any kind of inputsand outputs.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    2/128

    Like the Car Crusher Function.

    In mathematics theres no need to be constrained by reality, so wecan even define the Car UnCrusher Function.

    Function

    UnCrusher

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    3/128

    Most mathematical functions deal with numbers: both the inputsand the outputs are usually numbers.

    5 function 17

    Functions are usually given single-letter nicknames, like f, H, or .

    To represent the output of a function, the input is wrapped inparenthesis and placed to the right of the functions name.

    f(5) = output of f when the input is 5

    So in the case above,

    f(5) = 17.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    4/128

    There are different ways to explain what a function does, that is,to define it.

    You can give examples.

    f(1) = 3f(2) = 7f(3) = 13

    For this tables are helpful.

    input outputx f(x)

    1 32 73 -13

    But what happens on other inputs?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    5/128

    There are different ways to explain what a function does, that is,to define it.

    You can draw the graph.

    Pretty, but not 100% accurate.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    6/128

    There are different ways to explain what a function does, that is,to define it.You can give the mathematical formula.

    f(x) =3

    2(x 2) (x 3) 7 (x 1) (x 3) 13

    2(x 1) (x 2)

    Ugly, but precise.

    For example, what happens if we input 2.7?

    f(2.7) =3

    2(2.7 2) (2.7 3)

    7 (2.7 1) (2.7 3)13

    2(2.7 1) (2.7 2)

    = 4.48

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    7/128

    Another example;

    f(x) = (x 1)

    x +1

    2

    (x + 2)2

    Can you tell what f(1), f(

    1

    2), and f(

    2) are?

    f(1) = 0 = f(12

    ) = f(2)

    These inputs are called the zeros of the function f.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    8/128

    Heres the graph of f.

    The zeros are at 2, 0.5, and 1.Notice that theres one point on the curve where it crosses thevertical axis.

    Thats where the input is 0.f(0) = (0 1) 0 + 1

    2

    (0 + 2)2 = 2

    That point on the graph is called the vertical intercept.

    The zeros can be called horizontal intercepts.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    9/128

    The simplest kind of function is the constant function: whateverinputs you plug in, you always get the same answer.

    f(1) = 37, f(2) = 37, f(3) = 37, etc.

    In this case we can just say that f(x) = 37 for any x.

    The second simplest function is the linear function.

    Example:

    f(1) = 5 f(2) = 8, f(3) = 11, f(5) = 17.

    Still very predictable.

    Its easy, for this function, to predict every value.

    f(4) = ? f(1.5) = ? f(0) = ?14 6.5 2

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    10/128

    Because linear functions have nice predictable growth patterns, thegraph is a straight line.

    Hence linear function.

    All you need to know about this function:

    It starts at 2;

    it increases by 3s.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    11/128

    More precisely:

    1. The vertical intercept is 2, i.e. f(0) = 2;2. The slope is 3, i.e. whenever you move right 1, you go up 3.

    Slope will be extremely important for us. In fact its thefoundation of all of Calculus.

    Slope measures steepness when reading the graph from left toright.

    (Note that steepness is reversed when reading from right to left.)

    Numerically we define slope as the ratio of upward movement torightward movement.

    J k d Jill h d hill

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    12/128

    Jack and Jill have a date on a hill.

    Jack is climbing up the line from (1,5) to Jills picnic site at (4,14).

    Jacks path;

    1. Straight line; use Pythagorean Theorem to find distance;2. Horizontal and vertical components.

    2.1 Horizontal: 4 1 = 32.2 Vertical: 14 5 = 9

    Sl i th ti i /

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    13/128

    Slope is the ratio rise/run:

    m =14 54 1 =

    9

    3= 3.

    In general,

    Slope = m =

    y2

    y1

    x2 x1

    Wh t th f l f thi f ti ?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    14/128

    What s the formula for this function?

    1. The vertical intercept is 2, i.e. f(0) = 2;

    2. The slope is 3.

    Fact 2 means that f grows like 3x. So

    f(x) = 3x + ?.

    To find the value of ?, use Fact 1:

    2 = f(0) = 3 0 + ?.

    So ? has a value of 2.

    f(x) = 3x + 2

    In general, the equation of a linear function is

    f(x) = mx + b (Slope-Intercept Form)

    where m is the slope and b is the vertical intercept.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    15/128

    Heres another form of the linear equation:

    Start with the definition of slope:

    Slope = m = y2 y1x2 x1 .

    Now rearrange terms to get rid of the fraction:

    m(x2 x1) = y2

    y1.

    Since this holds for any (x2, y2) on the line, we can think of it asthe defining equation of the line:

    m(x

    x1) = y

    y1.

    This is called point-slope form.

    Both forms have their strengths and weaknesses for problemsolving.

    T f bl

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    16/128

    Types of problems:

    1. Given information about a line, figure out its equation.

    Point-Slope form is usually best.

    2. Given the equation of a line, determine facts about it.

    Slope-Intercept form is usually best.

    Example: 1 2 #4

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    17/128

    Example: 1.2 #4

    Given the equation 4y + 2x + 8 = 0, find the slope andy-intercept.

    Slope-Intercept form is usually best.Solution Rewrite in Slope-Intercept form:

    4y = 2x 8y =

    1

    2x + 2.

    Now we can read off the info we need:

    m =1

    2b = 2

    Example: 1 2 #8

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    18/128

    Example: 1.2 #8

    A line passes through the points (4, 5) and (2,1). What is theequation of the line?

    Point-Slope form is usually best.Solution:First find the slope.

    m =y2 y1x2 x1

    =1 52 4

    =62

    = 3

    Now apply the point-slope form.

    y 5 = 3(x 4)

    There are exceptions

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    19/128

    There are exceptions.

    Example: 1.2 #12

    The population was 30,700 and grew at a rate of 850 per year.

    1. Give the formula for P as a function of t (years since 2000).2. f(2010) = ?

    3. f(?) = 45, 000

    Solution

    1. P = 850t + 30, 700.Note that P = f(t) where f(t) = 850t + 30,700.Ill usually just write P(t) = 850t + 30,700.

    2. Plug in t = 10.

    P(2010) = 850

    10 + 30,700 = 39,200

    3. Plug in P = 45,000.

    45,000 = 850t + 30,70014,300 = 850t

    t 16.8

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    20/128

    Example: 1.2 #24

    Latitude # Species11 3444 26

    (a) First find the slope:

    m =N2 N1

    l2 l1 =34 2611 44 =

    833

    .

    Now apply point-slope form:

    N 26 = 833

    (l 44).

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    21/128

    N 26 = 833

    (l 44).(b) Lets first rewrite the equation in slope-intercept form:

    N = 833

    l + 833

    44 + 26 = 833

    l + 1103

    .

    Now we can say:

    m =

    8

    33species per degree;

    b = 1103

    species at the equator.

    (c)

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    22/128

    What if a function isnt linear?

    This function is sometimes steep, sometimes shallow, sometimesrising, sometimes falling.

    Even in this case we can talk about average slope

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    23/128

    Even in this case we can talk about average slope.

    average slope = 3 10.5 (1) = 83Note that

    increasing = slope is +decreasing = slope is

    Lets play Jeopardy

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    24/128

    Let s play Jeopardy...

    The answer is:

    The average slope from

    3 to

    1 is

    ,

    the average slope from 1 to 1 is 0,the average slope from 1 to 3 is +.

    The question is...

    What is the shape of the function y = x2?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    25/128

    This shape is called concave up, and occurs whenever the slopes

    are consistently increasing.If the slopes are consistently decreasing, the shape is calledconcave down.

    This even applies to any piece of the functions.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    26/128

    What shapes?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    27/128

    Remember I said that slope is the foundation of calculus?

    We havent really started calculus yet but...

    (careful, this is confusing)

    Concave Up Slope is Sloping UpConcave Down Slope is Sloping Down

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    28/128

    (a) Concave Up (b) Concave Down

    (c)Slope is Sloping Up

    (d)Slope is Sloping Down

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    29/128

    Problem: A coffee shop sells coffee to go in three sizes.

    Assuming the relationship between price and size is linear, whatdoes the 12 oz. coffee cost?

    Size in oz. Price in $

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    30/128

    x y

    8 1.0012 ?

    20 2.08

    (Its OK to reverse x and y, just be consistent.)

    Solution: First find the slope:

    m = 2.08 1.0020 8 = 1.0812 = 0.09.

    Thereforey 1.00 = 0.09(x 8)

    and y = 0.09x + 0.28.

    Finally, when x = 12,

    y = 0.09 12 + 0.28 = $1.36.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    31/128

    y = 0.09x + 0.28.

    Problem: What do m = 0.09 and b = 0.28 (the y-intercept)mean in this problem?

    Solution: The slope is rise/run, in this case $/oz.

    So evidently coffee costs 9 per ounce.

    The value of b is the value that y takes when x = 0.

    So if you buy 0 ounces of coffee it still costs you 28.

    Evidently that is the price of renting a mug.

    b = fixed costsmx = variable costs

    1.4 #12fi d t $650 000

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    32/128

    fixed costs = $650,000variable costs = $20 per shoeselling price = $70 per shoe

    Find the total cost in terms of q, the quantity of pairs of shoes.Also find the total revenue and total profit.

    Solution:We have m = 20 and b =650,000.

    C(q) = 20q+ 650,000

    Revenue, the total amount of money taken in, is even easier:

    R(

    q) = 70

    q.

    Profit is just the difference between the two:

    (q) = R(q) C(q) = 70q (20q+ 650,000) = 50q 650,000.

    In business problems, the term margin means one more unit.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    33/128

    So cost at the margin means the cost of producing one morepair of shoes.

    Instead of saying cost at the margin youll often see the phrasemarginal cost, which means the same thing.

    Ifthe cost function is linear, then the marginal cost is just theslope of the cost function.

    C(q) = 20q+ 650,000

    So the marginal cost is $20.

    R(q) = 70q.

    The marginal revenue is $70.

    (q) = 50q 650,000.

    The marginal profit is $50.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    34/128

    How does slope behave for the Demand function?

    Consistently .

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    35/128

    How does slope behave for the Supply function?

    Consistently +.

    The Equilibrium point is where the supply and demand curves

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    36/128

    The Equilibrium point is where the supply and demand curvesmeet: that is where the price and quantity are stable.

    On the horizontal line, producers are depressed: not selling enough.On the vertical line, producers are manic: not producing enoughAt the equilibrium point, producers are perfectly content.

    1.4 #26Demand: q = 120 000 500p

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    37/128

    Demand: q = 120,000 500pSupply: q = 1000p

    (a) What happens at a price of$100 per unit?

    (b) Find the equilibrium point.

    Solution:

    (a) Demand: q(100) = 50,000Supply: q(100) = 100, 000

    Price is too high.

    (b)120,000 500p = q = 1000p

    120,000 = 1500p

    p = 80At that price,

    q = 1000 80 = 80,000.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    38/128

    Suppose the company is selling pipes,which the government wants to discourage.So they tax the pipe company $5 per pipe.(This is called a specific tax.)

    How do things change?

    Old equations:

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    39/128

    Demand: q = 120,000 500pSupply: q = 1000p

    Equilibrium: q = 80,000 and p = 80

    New equations:

    Demand: q = 120,000 500pSupply: q = 1000(p 5) = 1000p 5000

    Equilibrium:

    120,000 500p = q = 1000p 5000125,000 = 1500p

    p = $83.33

    At that price,

    q = 1000 83.33 5000 = 78,333.

    Youve probably heard about quantities that grow exponentially.For example debt

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    40/128

    For example, debt.Suppose you owe $100 to a loan shark who charges 30% interestper month.

    If you dont pay anything back, next month youll owe $130.The month after that, youll owe the $130 plus an extra 30%:

    130 + 0.30 130 = 1.30 130 = $169.

    Every month you owe 1.3 times what you owed the month before.month debt

    x y

    0 $100

    1 $100 1.3 = $1302 $100 1.32 = $1693 $100 1.33 = $219.70...

    ...x $100

    1.3x

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    41/128

    So the formula for debt y as a function of time in months x is

    y = 100

    1.3x.

    This called an exponential function because the input is pluggedinto an exponent.

    Exponentially functions grow extremely quickly:

    because the slope is continually getting steeper.When x = 24, you will owe 100 1.324 =$54,280.08.Other things that grow exponentially:

    1. Population: people beget people;

    2. Technology: inventions beget new inventions;

    3. Mistakes: errors beget further errors.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    42/128

    Some things decay exponentially:

    The more you have, the more there is to be lost.

    1. Radioactive elements;

    2. Chemicals;

    3. Endangered species.

    Constantly decreasing, but at a slowing rate:slope is continually getting less steep.

    It can take a very long time for the level to reach 0, and may neverquite happen.

    1.5 #20Deforestation occurs at a rate of about 2.9% per year.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    43/128

    p y

    How much existing forest will remain in 35 years?

    Solution:

    Every year the amount of forest remaining is 2.9% less than it wasthe year before:

    this year = (last year) .029(last year)= .971(last year)

    So the base of the exponential will be .971.

    Let x be the time in years from the start, and let y be the amountof forest remaining.And suppose the amount of forest at the start is F.

    Then y = 0.971xF

    so that after 35 years

    y = 0.97135F = .357F.

    So, about 36% of the original forest remains after 35 years.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    44/128

    In general exponential functions have formulas like this:

    P = P0at.

    Here P is an exponential function of t, which is usually time.

    And P0 is the initial value of P, that is, the value P takes when

    time t = 0:P0 = P(0).

    The constant a represents the ratio between values of P atsuccessive moments of time.

    So a represents the growth or decay rate.

    Growth Example

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    45/128

    pA towns population is currently 8000 and is growing at a rate of1% per year.

    Express the population P as a function of time t from the present.

    Solution:P = 8000 1.01t

    Decay ExampleA towns population is currently 8000 and is falling at a rate of 2%per year.

    Express the population P as a function of time t from the present.

    Solution:P = 8000 0.98t

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    46/128

    A funny thing about bases...

    M h h f b l

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    47/128

    Mathematicians have a favorite base, namely 2.718281828459045.

    They call this base e.

    So rather than write 0.98t, they prefer to write

    e.02020270731751947t.

    This is actually equivalent, because

    e.02020270731751947 = 0.98,

    so

    e.02020270731751947t

    = (e.02020270731751947

    )t

    = 0.98t.

    This number .02020270731751947 is usually referred to as thedecay rate.

    If k had been +, we would call it the growth rate.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    48/128

    Remember the CarCrusher and Uncrusher functions?

    Car Crusher

    Function

    Function

    UnCrusher

    Replace CarCrusher by exponential function and UnCrusher

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    49/128

    Replace CarCrusher by exponential function and UnCrusherby logarithmic:

    So for example, if e3 = 20.08553692318767, that is

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    50/128

    3 exponential 20.08553692318767,

    then20.08553692318767 logarithmic 3,

    that is ln(20.08553692318767) = 3.

    So the exponential and logarithmic functions simply undo each

    other.

    For any x and a > 0,

    a = ex ln(a) = x.

    For any x and a > 0,

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    51/128

    a = ex ln(a) = x.

    Properties of ln:

    1. Because e1 = e,ln(e) = 1.

    2. Because e0 = 1,ln(1) = 0.

    3. Because (ex)y = exy,

    ln(ay) = yln(a).

    (a = ex)4. Because exey = ex+y,

    ln(ab) = ln(a) + ln(b).

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    52/128

    Example:

    Find the number k such that

    .98t = ekt.

    Solution:ln(.98t) = ln(ekt)tln(.98) = ktln(e) .0202t = kt

    .0202 = k

    ExampleSuppose a population is initially 35,000 and grows 12% in 10 years.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    53/128

    Express the population as a function of time, using base e.

    Solution: We know the general form of the exponential function:

    P(t) = P0ekt.

    We also know that P0 = 35,000.Now use the known growth data to find the growth rate k:

    P(10) = 1.12 35,000= 35,000e10k

    1.12 35,000 = 35,000e10k1.12 = e10k

    ln(1.12) = 10kln(e)0.1133 = 10k 1

    k = 0.01133

    So P(t) = 35,000e

    0.01133t

    .

    In an exponential growth problem, the doubling time is the timerequired for the population to double.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    54/128

    q p p

    This does not depend on the initial population!

    ExampleSuppose a population is initially P0 and has a growth constant of0.02.How long does the population take to double in size?

    Solution: P = P0e0.02t

    When is P = 2P0?

    2P0 = P0e0.02t

    2 = e0.02tln(2) = 0.02t

    t =ln(2)

    0.02= 34.66

    The corresponding concept for exponential decay is half-life, thetime it takes for the quantity to be reduced to half the initial size.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    55/128

    Example: An isotope of Cadmium has a half-life of 13.6 years.

    How long will it take for 99% of the original quantity to decay?Solution:We know the equation looks like

    Q = Q0ekt

    First we need to figure out k.We know that Q = 1

    2Q0 when t = 13.6 years.

    1

    2Q0 = Q0e

    13.6k

    12 = e

    13.6k

    ln(12

    ) = 13.6k

    k =1

    13.6ln(1

    2) = 0.051

    Example: An isotope of Cadmium has a half-life of 13.6 years.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    56/128

    How long will it take for 99% of the original quantity to decay?

    Solution:

    So now we have this:

    Q = Q0e0.051t.

    We want to know at what time t the quantity Q will have been

    reduced to 0.01Q0.

    0.01Q0 = Q0e0.051t

    0.01 = e0.051t

    ln(0.01) =

    0.051t

    t = 10.051

    ln(0.01) = 90.3

    So it will take 90.3 years.

    Suppose you deposit $1000 in a savings account at an interest rate

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    57/128

    Suppose you deposit $1000 in a savings account at an interest rateof 2% APY (annual percentage yield).

    Every year your balance grows by a factor of 1 + 0.02 = 1.02.So after t years your balance has grown to 1000(1.02)t.

    In general, if

    the interest rate = r% APYthe initial deposit = B0

    the number of years elapsed = tand the balance after t years = B

    thenB = B0(1 + r)

    t.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    58/128

    Now well look at interest from a slightly different perspective.

    We saw in the previous problem that $1000 invested at 3% APY

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    59/128

    for 20 years yields $1806.11.

    We say that the future value of$1000 now is $1806.11.

    We can also say that the present value of$1806.11 in the future is$1000.

    These are just two different ways of saying the same thing.

    If we let P be the present value, i.e. B = P0,then

    B = P(1 + r)t.

    This gives us B in terms of P.

    If we want P in terms of B we can rearrange the equation:

    P =B

    (1 + r)t.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    60/128

    Present and Future Value

    B = P(1 + r)t

    P =B

    (1 + r)t= B(1 + r)t.

    Where

    t = timer = interest rate (APY)

    P = present value

    B = future value

    1.7 #34Assume an interest rate of 7.75% APY.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    61/128

    Buy: $12,000 nowTaxes: $580 in 1 year

    $464 in 2 years$290 in 3 years

    Sell: $5000 in 3 yearsNominal Cost: $8334

    Versus:

    Lease: $2650 now$2650 in 1 year$2650 in 2 years$2650 in 3 years

    Nominal Cost: $10,600

    Which deal is better?

    Solution: Compute the present value of each to compare.

    Lease: $2650 now

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    62/128

    Lease: $2650 now$2650 in 1 year$

    2650 in 2 years$2650 in 3 yearsNominal Cost: $10,600

    Compute present value of the costs with r = 7.75% using

    P =B

    (1 + r)t= B(1 + r)t.

    Total Cost =2650

    (1.0775)0

    +2650

    (1.0775)1

    +2650

    (1.0775)2

    +2650

    (1.0775)3

    = $9510.23

    Buy: $12,000 nowT $580 i 1

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    63/128

    Taxes: $580 in 1 year$464 in 2 years

    $290 in 3 yearsSell: $5000 in 3 years

    Nominal Cost: $8334

    Compute present value of the cost with r = 7.75%.

    Total Cost =12,000

    (1.0775)0+

    580

    (1.0775)1+

    464

    (1.0775)2+

    290

    (1.0775)3

    5000

    (1.0775)3

    = $9149.68

    Conclusion: Buying is still cheaper than leasing.

    Suppose you deposit $1000 in the bank at 2% interestcompounded quarterly.That means you are paid 2 = 0 5% interest every quarter (3

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    64/128

    That means you are paid4

    = 0.5% interest every quarter (3months).

    So after k quarters your account has grown to

    1000(1 + 0.005)k.

    If t is number of years, then k = 4t.

    So we get the formula

    P = P0(1 + .005)4t.

    In general, if r is the nominal annual interest rate, and n is thenumber of compounding periods,then the formula is

    B = P(1 + rn

    )nt,

    where t = time in years.

    Compound Interest

    B P(1 r )nt

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    65/128

    B = P(1 + rn

    )nt

    t = time in yearsn = # compounding periods per year

    Example: Suppose you deposit $100 in a savings account at 2%nominal interest.

    Compute the future balance at 1 and 5 years under yearly,quarterly, and daily compounding.

    Solution:Yearly Compounding, n = 1:

    B = 100(1 + .021

    )11 = 100 1.021 = 102

    B = 100(1 + .021

    )15 = 100 1.025 = 110.41

    Compound Interest

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    66/128

    B = P(1 + rn

    )t

    t = time in yearsn = # compounding periods per year

    Quarterly Compounding, n = 4:

    B = 100(1 + .024 )41 = 100 1.0054 = 102.015

    B = 100(1 + .024

    )45 = 100 1.00520 = 110.49

    Daily Compounding, n = 365:

    B = 100(1 + .02365

    )3651 = 100 1.00005479365 = 102.02

    B = 100(1 + .02365

    )3655 = 100 1.000054791825 = 110.52

    Compound Interest

    B = P(1 + rn

    )t

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    67/128

    (n

    )

    t = time in years

    n = # compounding periods per year

    What happens as the number of compounding periods getsgreater?

    1. Daily Compounding, n = 365:

    B = 100(1 + .02365

    )3651 = 100 1.00005479365 = 102.02

    2. Hourly Compounding, n = 8760:

    B = 100(1 +.028760)

    87601

    = 100 1.0000023418760

    = 102.02

    3. Per Minute Compounding, n = 525600:

    B = 100(1 + .02525600

    )5256001 = 100 1.00000003805175525600 = 102.02

    Moral: For large n the results are all nearly the same.

    So we can define continuous compounding to mean compounding

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    68/128

    p g p gwhen n is large.

    Since the particular value of n doesnt matter, well just say that

    n = .

    So if you invest $100 in a savings account at 2% nominal interestcompounded continuously, after one year your balance has grownto

    100

    1 +

    0.02

    = $102.02.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    69/128

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    70/128

    Another big number is

    .

    Suppose that

    =r.

    then

    = r .

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    71/128

    Substituting

    = r

    into the growth factor

    1 +

    r

    gives 1 +

    1r

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    72/128

    So the growth factor can also be written

    1 +

    1 r

    .

    Notice that the expression in [ ]s is a constant.Evaluate it on your calculator:

    1 +

    1

    = 2.71828...

    Remember that number?

    Its mathemticians favorite base, e.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    73/128

    So the growth factor is er,

    and the one year continuous interest formula is

    B = Per.

    What happens if you wait longer than one year?

    You multiply by the growth factor once for each year.

    B = Pererer...

    So if the money is invested for t years,

    B = P(er)t = Pert.

    Continuous Compounding Formula

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    74/128

    B = Pert

    where

    t is time in years;r is the nominal interest rate;

    P is the initial investment;B is the balance after t years.

    Example: Suppose $1500 is invested at 3% interest compounded

    continuously.What is the balance after 20 years?

    Solution: B = 1500e0.0320 = $2733.18

    Recycling functions:

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    75/128

    Functions can be modified to get the behavior you want.

    Example:Suppose you have a function f that has the shape you want, but...

    f(2) = 4 while you want it to be 5.

    Solution:Define a new function g(x) = f(x) + 1.

    Same shape, but g(2) = 5.

    Because every y-value has been increased by 1,

    we call g a vertical shift of f.

    This might be f:

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    76/128

    Then this would be g:

    Theres another way to get almost the same effect.Define

    h(x) =5

    f (x).

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    77/128

    h(x) 4

    f(x).

    Thenh(2) =

    54

    f(2) =54

    4 = 5.

    The graph of h is almost the same shape as the graph of f, itsjust been stretched vertically.

    So know we know how to vertically shift and stretch functions.

    Vertical Shift g = f + C

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    78/128

    Vertical Shift g = f+ C

    Vertical Stretch g = Cf

    In both forumulas C is a constant, like 1 or 54

    .

    Vertical Shift: if C is + then the shift is up;

    if C is then the shift is down.

    Vertical Stretch: if |C| > 1 then the stretch is out (expands);if

    |C

    |< 1 then the stretch is in (shrinks);

    if C is + then the stretch preserves orientation;if C is then the shift reverses orientation.

    VerticalShift

    VerticalStretch

    formula: g = f+ C g = Cf

    C > 0: up rightside up

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    79/128

    C > 0: up rightside-up

    C < 0: down upside-down

    |C| > 1: expand|C| < 1: shrink

    Examples:

    f(x) f(x) + 2

    f(x) f(x) 2

    Sexual Reproduction of Functions

    Wh t f ti l t th

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    80/128

    When two functions are alone together...

    f(x) g(x)

    ...sometimes they get intimate.

    f(g(x))

    This produces a new function well call h.

    h(x) = f(g(x))

    Mathematicians call this composition of functions.

    The functions f and g have been composed to form h.

    Composition is what geeks mean by daisy-chaining.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    81/128

    Composition of Functions

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    82/128

    p

    input g f outputoutput = f(g(input))

    y = f(g(x))

    Example:f(x) = 2x + 3, g(x) = 5x 1, and h(x) = f(g(x)).

    Find h(4).Solution:h(4) = f(g(4)) = f(19) = 41

    Composition of Functions

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    83/128

    p

    input g f outputoutput = f(g(input))

    y = f(g(x))

    Example:f(x) = 2x + 3, g(x) = 5x 1, and h(x) = f(g(x)).

    Find h(x).Solution:h(x) = f(g(x)) = f(5x1) = 2(5x1)+3 = 10x2+3 = 10x+1

    Composition of Functions

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    84/128

    p

    input f g outputoutput = g(f(input))

    y = g(f(x))

    Example:f(x) = 2x + 3, g(x) = 5x 1, and h(x) = g(f(x)).

    Find h(4).Solution:h(x) = g(f(4)) = g(11) = 54

    Composition of Functions

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    85/128

    input f g outputoutput = g(f(input))

    y = g(f(x))

    Example:f(x) = 2x + 3, g(x) = 5x 1, and h(x) = g(f(x)).

    Findh

    (x

    ).Solution:h(x) = g(f(x)) = g(2x + 3) = 5(2x + 3) 1 = 10x + 14

    The shape of the graph of f(g(x)) can be hard to predict.Example:f(x): g(x):

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    86/128

    f(g(x)): g(f(x)):

    The only time its easy to predict the shape of f(g(x)) is when gis a linear function.

    Example: f = g (x) = x + 1

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    87/128

    Example: f = , g(x) = x + 1.

    What is the graph of f(g(x))?

    Notice that g is a shift applied to the simple function y = x.

    But the output of g is the input of f.

    So its the x values of f that are changed, not the y values.

    Note the shift is to the left

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    88/128

    Note the shift is to the left.

    To remember the direction of the shift, think:f(x + 1) is 1 unit ahead of f(x)

    (when reading from left to right).

    f(x 1) is 1 unit behind f(x), so its graph is

    You can also do horizontal stretches: f(Cx).As with shifts, directions are reversed in comparison with verticalstretches:

    f (x) f (2x)

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    89/128

    f(x) f(2x)

    f(x) f(12

    x)

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    90/128

    HorizontalShift

    HorizontalStretch

    formula: g(x) = f(x + C) g(x) = f(Cx)

    C > 0: left usual orientation

    C < 0: right mirror orientation

    |C| > 1: shrink|C| < 1: expand

    In calculus it will useful to able to decompose complicatedfunctions into their simpler constituent parts.

    Example: h(x) = ex + x2

    If d fi f ( ) x d ( ) 2 h

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    91/128

    If we define f(x) = ex and g(x) = x2 then

    h(x) = f(x) + g(x).

    Example: h(x) = x2ex

    Solution: h(x) = g(x)f(x)

    Example: h(x) = ex2

    Solution: h(x) = f(g(x))

    Example: h(x) = e2x

    Solution: h(x) = g(f(x))

    g(f(x)) = g(ex) = (ex)2 = e2x

    ProportionalityRecall the predictability of linear functions:

    Example:S f i li d f (3) 7 d f (5) 19

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    92/128

    Suppose f is linear and f(3) = 7 and f(5) = 19.

    What is f(3.4)?

    Solution:The input 3.4 is 20% of the way from 3 to 5.

    Therefore f(3.4) is 20% of the way from 7 to 19.

    f(3.4) = 7 + 0.20(19 7) = 7 + 0.20 12 = 7 + 2.4 = 9.4The rise and the run are proportional:they are each the same % of something.

    Run is a % of 5

    3 = 2;

    Rise is a % of 19 7 = 12.So rise is always 6 times bigger than run.

    rise = 6 run

    Whenever variables x and y are related by

    y = kx

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    93/128

    for some constant k,we say that y is directly proportional to xwith constant of proportionality k.

    Examples:

    1. Gas consumed and miles driven. (At least for constant speed.)2. Temperature and power consumption. (AC)

    3. Population and food consumption.

    4. Force of a spring and its displacement (stretch).

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    94/128

    Example: A spring in free equilibrium is 3 inches long.When stretched with a 2 pound weight it stretches to 7 inches.

    1. How much would it stretch with a 1.5 pound weight?

    2. How much weight would be necessary to stretch it to 8inches?

    Solution: Let x be displacement and y be the weight.The y = kx for some constant k.

    We know that y = 2 when x = 4.

    2 = k4k = 2

    4= 0.5

    1. How much would it stretch with a 1.5 pound weight?

    2. How much weight would be necessary to stretch it to 8

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    95/128

    2. How much weight would be necessary to stretch it to 8

    inches?

    1. When y = 1.5,

    1.5 = 0.5x x = 1.50.5 = 3.

    So the spring would stretch to 3 + 3 = 6 inches.

    2. When x = 8 3 = 5,

    y = 0.5 5 = 2.5.

    So you would need to use 2.5 pounds.

    StocksSuppose a company is worth $50,000,000 and has issued 1,000,000shares of stock.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    96/128

    Then each share is worth (nominally) $50.

    value per share =$50,000,000

    1,000,000 = $50

    Let x be the number of shares issued,

    let y be the value per share,and let k be the total value of the company. Then

    y =k

    x= k

    1

    x.

    We can say that the value per share is directly proportional to theinverse of the number of shares,

    or we can say that the value per share is inversely proportional tothe number of shares.

    Example: Suppose that y is inversely proportional to x,and y = 20 when x = 12.

    What would y be when x = 16? When x = 8?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    97/128

    What would y be when x 16? When x 8?

    Solution: First find k:

    20 =k

    12

    240 = k

    Then when x = 16,

    y =240

    16= 15,

    and when x = 8,

    y =240

    8= 30.

    GravityIf F is the gravitational force between two bodies,and r is the distance between them, then

    G

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    98/128

    F =

    G

    r2

    where G is the gravitational constant.

    We can describe this in three different ways.

    1. Force is inversely proportional to the square of the distance;2. Force is directly proportional to the inverse of the square of

    the distance;

    F = G

    1

    r2

    3. Force is a power function of the inverse of the distance.

    F = G

    1

    r

    2

    Power FunctionsWe say that y is a power function of x if

    y = kxp

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    99/128

    where k is the constant of proportionalityand p is another constant.

    If

    F =G

    r2

    then we can say:F is a power function of

    1

    r

    F = G1r2

    orF is a power function of r

    F = Gr2.

    If y = 5x then y is a power function of x:y = 5x

    1

    2 .

    Power functions are the third simplest kinds of functions.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    100/128

    Power functions are the third simplest kinds of functions.

    But theres quite a variety of shapes.y = x2

    -4

    -2

    0

    2

    4

    -4 -3 -2 -1 0 1 2 3 4

    x2

    x

    y = x2

    0

    2

    4

    1/x

    2

    Polynomials

    A monomial is a power function whose power is a whole number.

    E l s 2 3 17 12 2

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    101/128

    Examples: 2x3, 17x12, ex2.

    A polynomial is a sum of monomials.

    Examples:3x2 4x + 1

    5 4x + 3x2 9x3 + 2x4

    (x 3)(2x + 5) = 2x2 x 15

    3x2

    e1/2

    x + The highest power of the variable is called the degree of the

    polynomial.

    Graphs of PolynomialsThe number of bumps can be as large as the degree.

    The graphs of polynomials can look like virtually anything.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    102/128

    y = 13

    (x3 3x)

    -4

    -2

    0

    2

    4

    -4 -3 -2 -1 0 1 2 3 4

    (x

    3-3*x)

    /3

    x

    y = 112

    (3 x4 + 4 x3 12 x2)

    2

    4

    1.9 #38:

    C = 10,000 + 35qR = pqq = 3000 20p (Demand)

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    103/128

    (a)

    C = 10,000 + 35(3000 20p) = 115,000 700p

    R = p(3000 20p) = 3000p 20p2

    (b)C = 115,000 700pR = 3000p 20p2

    60000

    80000

    100000

    120000

    $

    Revenue

    Cost

    411

    Remember these equations?

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    104/128

    Remember these equations?

    e =

    1 +

    1

    er =

    1 +

    r

    Unprofessional looking...

    Lets go back to using n for the gigantic number.

    1 n

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    105/128

    e =

    1 +

    1

    n

    But we need a reminder this is valid only ifthe value n is gigantic.

    e = Ifn

    1 + 1nn

    Read the as approaches.The answer is more reliable for bigger values of n.

    Theres just one hitch...

    e = Ifn

    1 +

    1

    n

    nThis works fine for the present expression

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    106/128

    f(n) =

    1 +

    1

    n

    n

    0

    0.5

    1

    1.5

    2

    2.5

    3

    10 20 30 40 50 60 70 80 90 100

    (1+1/n)n

    n

    But what about other functions?

    Suppose that f is this function:

    1

    1.5

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    107/128

    -1.5

    -1

    -0.5

    0

    0.5

    10 20 30 40 50 60 70 80 90 100

    (1+1/n)n

    n

    What isIf

    nf(n) = ?

    We say in this case that f(n) has no limit as n .For the previous function the limit was e.

    Since we need the limits to exist, we will write

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    108/128

    limn

    f(n).

    Thus

    limn1 +

    1

    n

    n

    = e

    limn

    1 +

    r

    n

    n= er.

    Consider some other limits.

    limx

    1

    x= 0

    1

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    109/128

    limx

    3 + x

    = 3

    limx

    1

    x + 3

    = 0

    limx

    x

    x + 3

    = 1

    limx x + 5

    x + 3 = 1

    limx

    x

    x2 + 3

    = 0

    limx

    x =

    lim

    x =

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    110/128

    x

    limx

    x2 =

    limx

    x2 + x =

    limx

    x2 x =

    limx

    x2

    100x =

    limx

    100x x2 =

    We get the following rule:

    If f is a polynomial, then

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    111/128

    limx f(x) = where the sign is the same asthat of the leading term in f.

    By leading term we mean the term of the highest degree (power).For example,

    limx

    3x5 100x4 90x3 + 7x2 + 3x 1 =

    limx

    3x5 + 100x4 90x3 + 7x2 + 3x 1 = .

    These two are easy:limx

    ex =

    lim

    ln(x) = .

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    112/128

    x

    But this one is tricky:

    limx

    ex x5

    = ?

    Key: ex more than doubles on every step to the right.

    ex+1

    ex= e = 2.718.

    By comparison, x5

    hardly seems to grow at all:

    (x + 1)5

    x5 1.

    So ex consistently outgrows x5, and therefore

    limx

    ex x5 = 5

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    113/128

    limx

    x5

    ex = limx

    x5

    ex

    = 0

    limx

    ex

    x5

    =

    The same is true when you replace x5 by any polynomial:

    limx

    ex

    100x7 3x4 + 25x3 2

    = .

    The opposite is true for ln.

    60

    80

    100%e

    x

    log(x)

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    114/128

    0

    20

    40

    0 20 40 60 80 100

    y

    x

    limx

    ln(x) x5 =

    limx

    x

    5

    ln(x) = limx

    x5

    ln(x)

    =

    You can take limits as x

    anything, not just

    .

    limx

    100x7 + 3x4 + 25x3 2 =

    limx0

    100x7 + 3x4 + 25x3 2 = 2

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    115/128

    x0 limx0

    1

    x=

    -4

    -2

    0

    2

    4

    -4 -2 0 2 4

    1/x

    x

    limx0

    1

    x + 2=

    1

    2

    lim 1

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    116/128

    limx2 x + 2 =

    limx2

    1

    x + 2=

    1

    4

    limx2

    x + 1x + 2

    = 34

    limx2

    x + 1

    x + 2=

    limx2

    x + 2

    x + 2= 1

    limx2

    x + 2

    x + 2= 1

    (x + 2)2

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    117/128

    limx2 x + 2 = 0

    Because(x + 2)2

    x + 2= x + 2.

    limx2

    (x

    + 2)(x

    + 1)x + 2 = 1

    Because(x + 2)(x + 1)

    x + 2= x + 1.

    limx2

    x2 + 3x + 2

    x + 2= 1

    limx0

    x2 + 3x

    x= 3

    Becausex2 + 3x

    = x + 3.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    118/128

    x

    limx0

    5x2 4xx

    = 4

    limx0

    5x3

    4x2

    x = 0

    limx0

    5x3 4x2 + 7xx

    = 7

    limx0

    5x3 4x2 + 7x + 1x

    =

    Instantaneous Rate of ChangeOr, Instantaneous Slope.

    Problem: Find the slope of the function f(x) = x2 at the point(1, 1).

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    119/128

    0

    0.5

    1

    1.5

    2

    2.5

    -0.5 0 0.5 1 1.5

    x

    Not the average

    slope between 0and 2 or between.5 and 1.5.

    The slope at the

    point x = 1.

    What we want is the slope of the tangent line.

    2

    2.5

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    120/128

    0

    0.5

    1

    1.5

    2

    -1 -0.5 0 0.5 1 1.5

    y

    x

    How do we calculate that?

    We can use average slope to get a pretty good approximation of

    instantaneous slope.

    4

    5

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    121/128

    0

    1

    2

    3

    0.5 1 1.5 2 2.5 3

    y

    x

    4

    5

    Instantaneous Slope = lim (Average Slope)

    Lets use this to compute the slope of the tangent line.

    5

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    122/128

    0

    1

    2

    3

    4

    0.5 1 1.5 2 2.5 3

    y

    x

    Here the two pointsused for the averageslope are (1, 1) and(a, a2),

    and a 1.

    The average slope is

    Average Slope =a2 1a 1 .

    Average Slope =a2 1a 1 .

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    123/128

    We want the limit as a 1:lima1

    a2 1a 1

    = lima1

    (a

    1)(a + 1)

    a 1

    = lima1

    (a + 1) = 2

    You can use this technique to calculate the instantaneous slopeanywhere on the parabola.

    Heres another way to do the algebra.Lets use h to represent the distance of the second point from thefirst.

    Then a = 1 + h.

    A d k h l h

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    124/128

    And we take the limit as h 0.

    limh0

    (1 + h)2 1(1 + h) 1

    = limh0

    1 + 2h + h2 1h

    = limh0

    2h + h2

    h

    = limh0

    (2 + h) = 2

    This style is used more generally than the previous one.

    The derivative of a function is the value of the instantaneous slope(or equivalently, the slope of the tangent line).

    Note that the derivative is also a function: its values depend on

    h i

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    125/128

    the input x.

    In other words, the value of the derivative varies from point topoint.

    Shorthand notation: the derivative of f can be denoted f.

    So for the previous function, f(1) = 2.

    f(5) is probably something completely different.

    For a linear function g with slope m, we get g(x) = m for all x.

    For example, if g(x) = 4x 6 then g(1) = 4 = g(2) = g(19).

    Lets find a general formula for the derivative of f(x) = x2

    .We know that f(1) = 2, now wed like to know f(x) =?.

    To warm up lets compute f(3).

    The two points used in the average slope are (3, 9) andh ( h)2

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    126/128

    3 + h, (3 + h)2

    .

    f(3) = limh0

    (3 + h)2 9(3 + h) 3

    = limh0

    9 + 6h + h2 9h

    = lim

    h0

    6h + h2

    h

    = limh0

    (6 + h) = 6

    So now we know that f(1) = 2 and f(3) = 6.

    Lets repeat the calculation for x instead of 1 or 3.

    The two points used in the average slope are (x, x2) and

    x + h, (x + h)2.

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    127/128

    f(x) = lim

    h0

    (x + h)2 x2(x + h) x

    = limh0

    x2 + 2xh + h2

    x2

    h

    = limh0

    2xh + h2

    h

    = limh0

    (2x + h) = 2x

    So f(x) = 2x.

    2

    3

    4

    ff

    I f h d i i f

  • 8/4/2019 Notes on "Applied Calculus", Flath/Gleason/et.al.

    128/128

    -4

    -3

    -2

    -1

    0

    1

    -2 -1.5 -1 -0.5 0 0.5 1 1.5 2

    y

    x

    In fact the derivative of anyquadratic function is linear.

    More generally, the derivative ofa polynomial is always simpler

    (lower degree) than the original.

    Note that f slopes up because fis concave up.