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The doubling time is the time it takes for a population to double in size/value. It is applied to population growth, inflation, resource extraction, consumption of goods, compound interest, the volume of malignant tumours, and many other things that tend to grow over time. When the relative growth rate (not the absolute growth rate) is constant ...
Contents. Capital recovery factor. A capital recovery factor is the ratio of a constant annuity to the present value of receiving that annuity for a given length of time. Using an interest rate i, the capital recovery factor is: where is the number of annuities received. [1] This is related to the annuity formula, which gives the present value ...
In physical cosmology, the age of the universe is the time elapsed since the Big Bang.Astronomers have derived two different measurements of the age of the universe: [1] a measurement based on direct observations of an early state of the universe, which indicate an age of 13.787 ± 0.020 billion years as interpreted with the Lambda-CDM concordance model as of 2021; [2] and a measurement based ...
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 ...
Life expectancy, more technically called the curtate expected lifetime and denoted ,[ a] is the mean of —that is to say, the expected number of whole years of life remaining, assuming survival to age . [ 149] So, (2) Substituting ( 1) into the sum and simplifying gives the final result [ 150]
Heating degree day. Heating degree day ( HDD) is a measurement designed to quantify the demand for energy needed to heat a building. HDD is derived from measurements of outside air temperature. The heating requirements for a given building at a specific location are considered to be directly proportional to the number of HDD at that location.
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The law of total probability is [1] a theorem that states, in its discrete case, if is a finite or countably infinite set of mutually exclusive and collectively exhaustive events, then for any event : or, alternatively, [1] where, for any , if , then these terms are simply omitted from the summation since is finite.