Taylor's Formula: Usage & Calculation for Calculators

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What is taylor formula and how it is used in calculators?
 
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Taylor's formulas says that if f(x) is n+ 1 times differentiable in some neighborhood of x= x_0, then f(x) can be approximated by
T(x)= f(x_0)+ f'(x_0)(x- x_0)+ \frac{f''(x_0)}{2}(x- x_0)^2+ \frac{f'''(x_0)}{6}(x- x_0)^3+ \cdot\cdot\cdot+ \frac{f^{(n)}(x_0)}{n!}(x- x_0)^n
where "f^{(n)}(x_0)" indicates the nth derivative evaluated at x= x_0. Further, the error, |f(x)- T(x)|, will be less than
\frac{f^{(n+1)}(x_0)}{(n+1)!}|x- x_0|^{n+1}.

I'm surprised you did not just look it up with Google or on Wikipedia. You will get a lot more information.

As for "how is it used in calculators"- it isn't. Calculators and Computers use a much more advanced numerical procedure called "CORDIC" to do calculations of trig functions, exponentials, etc.
http://en.wikipedia.org/wiki/CORDIC
 
But i am unable to understand how they calculate maximum number of values which it can accommodate before giving an error more than some specific value.
 
"maximum number of values"? You mean, in what environment of a specific argument the Taylor polynomial supplies a "sufficiently good" approximation? There is a formula for the error term, it was already posted above. It answers your question (if I got it right) more or less directly.
Please state your questions clearer and show a little bit more initiative.
 
I would be surprised if the Taylor series was often used in calculators. The Taylor series has a lot of good theoretical properties and it is the first method of approximation you should learn. But it is usually not the most efficient way to approximate a given function. If it is used, @HallsOfIvy has posted the information.
 

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