Russ P. answered 02/09/15
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Casandra,
Since the problem states an exponential growth function, let's use
N(T) = C ekT , where
T = years since 1967, so T=0 in 1967
N(T) = number of heart transplants
C = a constant applied to the exponential
K = a different constant that modifies T before computing the exponential
Find the constant from the initial conditions.
In 1967, T=0 and N(0) = 1 , so 1 = C e(0) = C since e(0) = (2.718)(0) = 1
In 1987, T =20 and N(20) = 1418 = e(20k) ; take logarithms of both sides to solve for k
ln (1418) = (20k) ln e = 20k (1) = 20k , so k= (1/20) ln(1418) = (1/20) (7.257) = 0.36285 (1/years)
(a) The growth formula then is N(T) = e [(0.36285) T] .
(b) In 2015, T = 2015 - 1967 = 48 years
So N(48) = e [(0.36285)(48)] = e [17.4168] = 36,645,456 heart transplants in 2015.
Ridiculous! You couldn't find that many working hearts to replace diseased ones. So an exponential formula assumption for growth is not realistic for long time periods. It might be okay for early growth, but then another formula would have to take over.