The exponential function, \(e^x\), is a fundamental mathematical function characterized by its constant growth rate. Unlike linear or polynomial functions, an exponential function grows much faster as \(x\) increases. It plays a crucial role in various areas of mathematics and applications, from calculating compound interest to describing natural phenomena like population growth.
Expressed as a series, the exponential function becomes accessible for analysis and computation:
- \(e^x = 1 + x + \frac{x^2}{2!} + \frac{x^3}{3!} + \cdots\)
This infinite series representation allows us to approximate \(e^x\) and analyze its properties. In applications such as Taylor series for other functions, this expansion is invaluable. Notably, when we consider \(e^x\) minus one and divide by \(x\), we obtain insights into the behavior of new functions, as seen in our given problem \(f(x) = \frac{e^x - 1}{x}\). This modification serves as a foundation for further explorations into derivatives and summation in an infinite series.