| Exponential Decay |
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A quantity is said to be subject to exponential decay if it decreases at a rate proportional to its value. Symbolically, this can be expressed as the following Differential Equation , where ''N'' is the quantity and λ is a Positive Number called the '''decay constant''': : The solution to this equation is : This is the form of the equation that is most commonly used to describe exponential decay. The Constant Of Integration is often written since it denotes the original quantity. MEASURING RATES OF DECAY: HALF-LIFE AND AVERAGE LIFETIME An important characteristic of exponential decay is the time required for the decaying quantity to fall to one half of its initial value. This time is called the '' Half-life '', and often denoted by the symbol . The equation describing half-life is : Some forms of exponential decay have an alternative characterization. If the decaying quantity is the number of discrete elements of a Set , it is possible to compute the average length of time for which an element remains in the set. This is called the '' Mean Lifetime '', and is described by the equation : The following table shows the reduction of the quantity in terms of the number of half-lives elapsed. SOLUTION OF THE DIFFERENTIAL EQUATION The equation that describes exponential decay is : : Integrating, we have : : where . If we evaluate this equation at , we see that also . Decay by two or more processes A quantity may decay via two or more different processes simultaneously. These processes may have different probabilities of occurring, and thus will occur at different rates with different half-lives. For instance, in the case of two simultaneous decay processes, the decay of the quantity ''N'' is given by: : The total half-life can be shown to be: : or, in terms of the two half-lives: : where is the half-life of the first process, and is the half life of the second process. APPLICATIONS AND EXAMPLES Exponential decay occurs in a wide variety of situations. Most of these fall into the domain of the Natural Science s. Any application of Mathematics to the Social Science s or Humanities is risky and uncertain, because of the extraordinary complexity of human behavior. However, a few roughly exponential phenomena have been identified there as well. Many decay processes that are often treated as exponential, are really only exponential so long as the sample is large and the Law Of Large Numbers holds. For small samples, a more general analysis is necessary, accounting for a Poisson Process . Natural science
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