E (mathematical Constant)

The Mathematical Constant ''e'' is the unique Real Number such that the value of the Derivative (slope of the Tangent line) of ''f''(''x'') = ''e^x'' at the point ''x'' = 0 is exactly 1. The function ''e^x'' so defined is called the Exponential Function , and its Inverse is the Natural Logarithm , or logarithm to Base ''e''.

The number ''e'' is one of the most important numbers in mathematics,¹ alongside the additive and multiplicative identities 0 and 1 , the Imaginary Unit ''i'', and π , the circumference-to-diameter ratio for any circle in a plane. It has a number of equivalent definitions; some of them are given below.

The number ''e'' is occasionally called Euler's number after the Swiss Mathematician Leonhard Euler , or '''Napier's constant''' in honor of the Scottish mathematician John Napier who introduced Logarithm s. (''e'' is not to be confused with γ – the Euler–Mascheroni Constant , sometimes called simply ''Euler's constant''.)

Since ''e'' is Transcendental , and therefore Irrational , its value cannot be given exactly as a finite or eventually repeating decimal. The numerical value of ''e'' truncated to 20 Decimal Places is:

:2.71828 18284 59045 23536...

HISTORY

The first references to the constant were published in 1618 in the table of an appendix of a work on logarithms by John Napier . However, this did not contain the constant itself, but simply a list of natural logarithms calculated from the constant. It is assumed that the table was written by William Oughtred . The "discovery" of the constant itself is credited to Jacob Bernoulli , who attempted to find the value of the following expression (which is in fact ''e''):

:

\lim_{n	o\infty} \left(1+rac{1}{n}
ight)^n

The first known use of the constant, represented by the letter ''b'', was in correspondence from Gottfried Leibniz to Christiaan Huygens in 1690 and 1691. Leonhard Euler started to use the letter ''e'' for the constant in 1727, and the first use of ''e'' in a publication was Euler's ''Mechanica'' ( 1736 ). While in the subsequent years some researchers used the letter ''c'', ''e'' was more common and eventually became the standard.

The exact reasons for the use of the letter ''e'' are unknown, but it may be because it is the first letter of the word '' Exponential ''. Another possibility is that Euler used it because it was the first Vowel after ''a'', which he was already using for another number, but his reason for using vowels is unknown. It is unlikely that Euler chose the letter because it is the first letter of his surname, since he was a very modest man, and tried to give proper credit to the work of others.O'Connor, J.J., and Roberson, E.F.; ''The MacTutor History of Mathematics archive'': "The number ''e''" ; University of St Andrews Scotland (2001)

APPLICATIONS

The compound-interest problem

Jacob Bernoulli discovered this constant by studying a question about Compound Interest .

One simple example is an account that starts with $1.00 and pays 100% interest per year. If the interest is credited once, at the end of the year, the value is $2.00; but if the interest is computed and added twice in the year, the $1 is multiplied by 1.5 twice, yielding $1.00×1.5&² = $2.25. Compounding quarterly yields $1.00×1.25⁴ = $2.4414…, and compounding monthly yields $1.00×(1.0833…)¹² = $2.613035….

Bernoulli noticed that this sequence approaches a limit for more and smaller compounding intervals. Compounding weekly yields $2.692597…, while compounding daily yields $2.714567…, just two cents more. Using ''n'' as the number of compounding intervals, with interest of 1/''n'' in each interval, the limit for large ''n'' is the number that came to be known as ''e''; with ''continuous'' compounding, the account value will reach $2.7182818…. More generally, an account that starts at $1, and yields (1+''R'') dollars at simple interest, will yield ''e''^''R'' dollars with continuous compounding.

Bernoulli trials

The number ''e'' itself also has applications to Probability Theory , where it arises in a way not obviously related to exponential growth. Suppose that a gambler plays a slot machine with a one in n probability and plays it n times. Then, for large n (such as a million) the Probability that the gambler will win nothing at all is (approximately) 1/''e''.

This is an example of a Bernoulli Trials process. Each time the gambler plays the slots, there is a one in one million chance of winning. Playing one million times is modelled by the Binomial Distribution , which is closely related to the Binomial Theorem . The probability of winning ''k'' times out of a million trials is;
:

\binom{10^6}{k} \left(10^{-6}
ight)^k(1-10^{-6})^{10^6-k}.

In particular, the probability of winning zero times (''k''=0) is
:

\left(1-rac{1}{10^6}
ight)^{10^6}.

This is very close to the following limit for 1/''e'':
:

rac{1}{e} = \lim_{n	o\infty} \left(1-rac{1}{n}
ight)^n.

Derangements

Another application of ''e'', also discovered in part by Jacob Bernoulli along with ), p. 85. Here ''n'' guests are invited to a party, and at the door each guest checks his hat with the butler who then places them into labelled boxes. But the butler does not know the name of the guests, and so must put them into boxes selected at random. The problem of de Montmort is: what is the probability that ''none'' of the hats gets put into the right box. The answer is:

:

p_n = 1-rac{1}{1!}+rac{1}{2!}-rac{1}{3!}+\cdots+(-1)^nrac{1}{n!}.

As the number ''n'' of guests tends to infinity, ''p''_n approaches 1/''e''. Furthermore, the number of ways the hats can be placed into the boxes so that none of the hats is in the right box is exactly ''n''!/''e'', rounded to the nearest integer.Knuth (1997) '' The Art Of Computer Programming '' Volume I, Addison-Wesley, p. 183.

''E'' IN CALCULUS

The principal motivation for introducing the number ''e'', particularly in :
:

rac{d}{dx}a^x=\lim_{h	o 0}rac{a^{x+h}-a^x}{h}=\lim_{h	o 0}rac{a^{x}a^{h}-a^x}{h}=a^x\left(\lim_{h	o 0}rac{a^h-1}{h}
ight).

The limit on the right-hand side is independent of the variable ''x'': it depends only on the base ''a''. When the base is ''e'', this limit is equal to one, and so ''e'' is symbolically defined by the equation:
:

rac{d}{dx}e^x = e^x.

As a consequence, the exponential function with base ''e'' is particularly suited to doing calculus. Choosing ''e'', as opposed to some other number, as the base of the exponential function makes calculations involving the derivative much simpler.

Another motivation comes from considering the base-''a'' Logarithm .This is the approach taken by Klein (1998). Considering the definition of the derivative of ''log''_a''x'' as the limit:
:

rac{d}{dx}\log_a x = \lim_{h	o 0}rac{\log_a(x+h)-\log_a(x)}{h}=rac{1}{x}\left(\lim_{u	o 0}rac{1}{u}\log_a(1+u)
ight).

Once again, there is an undetermined limit which depends only on the base ''a'', and if that base is ''e'', the limit is one. So symbolically,
:

rac{d}{dx}\log_e x=rac{1}{x}.

The logarithm in this special base is called the Natural Logarithm (often represented as "ln"), and it also behaves well under differentiation since there is no undetermined limit to carry through the calculations.

There are thus two ways in which to select a special number ''a''=''e''. One way is to set the derivative of the exponential function ''a''^x to ''a''^x. The other way is to set the derivative of the base ''a'' logarithm to 1/''x''. In each case, one arrives at a convenient choice of base for doing calculus. In fact, these two ostensibly different bases are actually ''the same'', the number ''e''.

Alternative characterizations

Other characterizations of ''e'' are also possible: one is as the Limit Of A Sequence , another is as the sum of an Infinite Series , and still others rely on Integral Calculus . So far, the following two (equivalent) properties have been introduced:

1. The number ''e'' is the unique positive Real Number such that
:

rac{d}{dt}e^t = e^t.

2. The number ''e'' is the unique positive real number such that
:

rac{d}{dt} \log_e t = rac{1}{t}.

The following alternative characterizations can also be Proven To Be Equivalent :

3. The number ''e'' is the Limit
:

e = \lim_{n	o\infty} \left( 1 + rac{1}{n} 
ight)^n

4. The number ''e'' is the sum of the Infinite Series
:

e = \sum_{n = 0}^\infty rac{1}{n!} = rac{1}{0!} + rac{1}{1!} + rac{1}{2!} + rac{1}{3!} + rac{1}{4!} + \cdots

where ''n''! is the Factorial of ''n''.

5. The number ''e'' is the unique positive real number such that
:

\int_{1}^{e} rac{1}{t} \, dt = {1}

(that is, the number ''e'' such that the area under the Hyperbola

f(t)=1/t

from 1 to ''e'' is equal to 1).

PROPERTIES

Calculus

As in the motivation, the Exponential Function ''f''(''x'') = ''e''^''x'' is important in part because it is the unique nontrivial function (up to multiplication by a constant) which is its own Derivative , and therefore its own Antiderivative as well:

:

rac{d}{dx}e^x=e^x

and

:

e^x= \int_{-\infty}^x e^t\,dt

= \int_{-\infty}^0 e^t\,dt + \int_{0}^x e^t\,dt

\qquad= 1 + \int_{0}^x e^t\,dt

Exponential-like functions

The number ''x''=''e'' is where the Global Maximum occurs for the function

:

f(x) = x^{1 \over x}.

More generally,

x=\!\ \sqrt

{Link without Title} {e} is where the global maximum occurs for the function

:

\!\ f(x) = x^{1 \over {x^n}}

The infinite Tetration

:

x^{x^{x^{\cdot^{\cdot^{\cdot}}}}}

converges only if

e^{-e} \le x \le e^{1/e},

due to a theorem of Leonhard Euler .

''e''^x is usually defined as

:

e^{x} = 1 + {x \over 1!} + {x^{2} \over 2!} + {x^{3} \over 3!} + \cdots

Number theory

The real number ''e'' is Irrational (see Proof That E Is Irrational ), and furthermore is Transcendental ( Lindemann–Weierstrass Theorem ). It was the first number to be proved transcendental without having been specifically constructed for this purpose (compare with Liouville Number ). The proof was given by Charles Hermite in 1873 . It is conjectured to be Normal .

Complex numbers

It features in Euler's Formula , an important formula related to Complex Numbers :

:

e^{ix} = \cos x + i\sin x,\,\!

The special case with ''x'' = π is known as Euler's Identity :

:

e^{i\pi}+1 =0 .\,\!

Furthermore, using the laws for exponentiation,
:

(\cos x + i\sin x)^n = \left(e^{ix}
ight)^n = e^{inx} = \cos (nx) + i \sin (nx)

which is De Moivre's Formula .

REPRESENTATIONS OF ''E''

See Also: Representations of e

The number ''e'' can be represented as a , an Infinite Product , a Continued Fraction , or a Limit Of A Sequence . The chief among these representations, particularly in introductory Calculus courses is the limit
:

\lim_{n	o\infty}\left(1+rac{1}{n}
ight)^n,

given above, as well as the series
:

e=\sum_{n=0}^\infty rac{1}{n!}

given by evaluating the above power series for ''e''^x at ''x''=1.

Still other less common representations are also available. For instance, ''e'' can be represented as an infinite Simple Continued Fraction :

:

e=2+
\cfrac{1}{
 1+\cfrac{1}{
 {\mathbf 2}+\cfrac{1}{
 1+\cfrac{1}{
 1+\cfrac{1}{
 {\mathbf 4}+\cfrac{1}{
 \ddots
 }
 }
 }
 }
 }
}

Or, in a more compact form :

:

e = 2; 1, 	Extbf{2}, 1, 1, 	Extbf{4}, 1, 1, 	Extbf{6}, 1, 1, 	Extbf{8}, 1, \ldots,1, 	Extbf{2n}, 1,\ldots \,

Many other series, sequence, continued fraction, and infinte product representations of ''e'' have also been developed.

Known digits

The number of known digits of ''e'' has increased dramatically during the last decades. This is due both to the increase of performance of computers as well as to algorithmic improvements.Sebah, P. and Gourdon, X.; The constant e and its computation Gourdon, X.; Reported large computations with PiFast

E IN COMPUTER CULTURE

In contemporary Internet Culture , individuals and organizations frequently pay homage to the number ''e''.

For example, in the IPO filing for Google , in 2004, rather than a typical round-number amount of money, the company announced its intention to raise $2,718,281,828, which is ''e'' billion Dollars to the nearest dollar. Google was also responsible for a mysterious billboard that appeared in the heart of Silicon Valley , and later in Cambridge, Massachusetts ; Seattle, Washington ; and Austin, Texas . It read ''{first 10-digit prime found in consecutive digits of ''e''}.com''. Solving this problem and visiting the advertised web site led to an even more difficult problem to solve, which in turn leads to Google Labs where the visitor is invited to submit a resume.² The first 10-digit prime in ''e'' is 7427466391, which starts at the 101st digit.³ (A random stream of digits has a 98.4% chance of starting a 10-digit prime sooner.)

In another instance, the eminent Computer Scientist Donald Knuth let the version numbers of his program METAFONT approach e. The versions are 2, 2.7, 2.71, 2.718, and so forth.

NOTES

REFERENCES

Maor, Eli; ''e: The Story of a Number'', ISBN 0-691-05854-7

EXTERNAL LINKS

The number ''e'' to 1 million places and 2 and 5 million places

Earliest Uses of Symbols for Constants

e the EXPONENTIAL - the Magic Number of GROWTH - Keith Tognetti, University of Wollongong, NSW, Australia

An Intuitive Guide To Exponential Functions & e

"The story of ''e''" , by Robin Wilson at Gresham College , 28 February 2007 (available for audio and video download)

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E (mathematical Constant)