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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 <math>C<math> is often written <math>N_0<math> since it denotes the original quantity.
Solution of the differential equationThe equation that describes exponential decay is:
Integrating, we have:
Half-life and average lifetimeAn 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 <math>t_{1/2}<math>. 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 following equation:
The following table shows the reduction of the quantity in terms of the number of half-lives elapsed.
ApplicationsExponential decay occurs in a wide variety of situations. Most of these fall into the domain of the natural sciences. Any application of mathematics to the social sciences or humanities is risky and uncertain, because of the extraordinary complexity of human behavior. However, a few broadly exponential phenomena have been identified there as well.
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