Understanding Derivatives: Real-World Application Examples

In summary, the conversation discusses the concept of a derivative in a real world application, specifically in a ladder problem. The derivative is defined as the slope of a tangent line and represents the rate of change over an instant of time. In this problem, the derivative is represented by dx/dt = 2 ft/sec, where x is distance and t is time. It is also described as little speedometers on the corners of the ladder, and can be graphed as the change in feet over the change in seconds. The derivative helps to understand the concept of rate of change in a real world context.
  • #1
Iron_Brute
19
0
I'm not sure if this should go in this section or the homework section but I'm having a problem fully understanding what a derivative means in a real world application. My class started moving into basic application problems but I'm not sure what the derivative means. An example of what I mean is a ladder problem in my cal book.
A ladder at 90 degress is sliding horizontally at 2 ft/sec, and in the solution section it says that dx /dt = 2 ft/sec is a given but I don't know why that is a given. In the other example problems any numbers that are "going at a rate of" the solution in the text is saying that that number is the derivative with respect to time, but I don't understand why and can't conceptually understand what that means

The way I understood derivative is that it is the slope of tangent line. So if anyone could explain this to me I'd really appreciate it.
 
Physics news on Phys.org
  • #2
The derivative is the limit of a ratio
dx/dt=2 ft*sec^-1
usually means x is a distance and t is a time.
 
  • #3
Derivative is the rate of change over an instant of time (hence it's a limit). On the ladder problem, it would be like little speedometers on the corners of the ladder. If you graphed height of latter vs. time, say, the speedometer at any time during the fall comes out the same as the slope of the tangent line on graph at any fixed point in time.
 
Last edited:
  • #4
Recall the slope of a graph is the change in y / change in x. Thus, if the graph axes are feet and seconds then change in feet / change in seconds is the slope or as more colloquially known in calculus, derivative.
 

1. What are derivatives and why are they important in the real world?

Derivatives are financial instruments that derive their value from an underlying asset, such as stocks, commodities, or currencies. They are important in the real world because they allow individuals and businesses to manage their financial risks, speculate on future market movements, and access new investment opportunities.

2. What are some examples of real-world applications of derivatives?

Some examples of real-world applications of derivatives include futures contracts used by farmers to hedge against fluctuations in crop prices, options contracts used by investors to protect against losses in their stock portfolio, and interest rate swaps used by companies to manage their exposure to interest rate changes.

3. How do derivatives affect the economy?

Derivatives play a crucial role in the economy by providing liquidity to financial markets and allowing for the transfer of risk. They also help to facilitate efficient price discovery and can be used as a tool for managing systemic risks in the financial system.

4. What are the potential risks associated with derivatives?

The main risks associated with derivatives include counterparty risk, where one party may default on their contractual obligations, and market risk, where the value of the derivative may fluctuate due to changes in the underlying asset. There is also the risk of overleveraging and using derivatives for speculative purposes, which can lead to significant losses.

5. How can one learn more about derivatives and their real-world applications?

There are various resources available for learning more about derivatives, including books, online courses, and seminars. It is also helpful to stay updated on current events and market trends, as well as to consult with financial experts for guidance on using derivatives effectively.

Similar threads

Replies
5
Views
2K
  • Calculus
Replies
16
Views
2K
Replies
13
Views
2K
Replies
2
Views
1K
  • Differential Equations
Replies
5
Views
2K
  • General Discussion
Replies
12
Views
1K
  • Calculus
Replies
1
Views
2K
  • Other Physics Topics
Replies
4
Views
1K
Back
Top