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Exercise 1: The Taylor series for In(y) about y = 1 is (4) In(y) = 9 (-1)+(v - 1) n=1 for y-1€ (-1,1] (that is, y E (0,2]).Exercise 2: Find the critical points of the Gompertz equation (1). (Is y = 0 a critical point? Does it solve the algebraic eqExercise 3: Find the first four terms of the Taylor series for In(K) about y= K by using the formula we found in Example 2, (0=U o=U is(Ox - x)(*)vo 10 3 = x(x + x)s 3=(x) ()Exercise 4: Plug in your expression for the expansion of In() into the equation y = r (K+(y-K)) In (). Find approximations tExercise 5: By writing y = 1+(y – 1), noting that In() = In(K) – In(y), and expanding In(y) about y = 1 (using the Taylor ser

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Answer #1

By rule and regulation, we are allow to do only one excercise at a time..so i do only 1st one..

Any doubt in solution then comment below....

→ Srl - I Lom ( for not series - (4-1) for no2, 191) -(4-p ? series (ma) ) gives us (11-1) = Cool cenia (n=2) gives - (lol) -for both values of y , we see that series for n=2 gives less error as compared to series n=1 .....

And for n=0 , there is no term in series...because series start for n=1 ...

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