Sensitivity (Meta) Math Example 1

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Example 1

easy
Compute f(x)=x3f(x) = x^3 at x=2x = 2 and x=2.1x = 2.1. Find the sensitivity: by what percentage does ff change when xx changes by 5%?

Solution

  1. 1
    f(2)=8f(2) = 8, f(2.1)=9.261f(2.1) = 9.261.
  2. 2
    Change in ff: 9.2618=1.2619.261 - 8 = 1.261. Relative change in ff: 1.261815.8%\frac{1.261}{8} \approx 15.8\%.
  3. 3
    Change in xx: 0.12=5%\frac{0.1}{2} = 5\%.
  4. 4
    Sensitivity: a 5% increase in xx causes about a 15.8% increase in ff. The function is sensitive — it amplifies errors by a factor of about 3.

Answer

5% change in x15.8% change in f\text{5\% change in }x \Rightarrow \approx 15.8\%\text{ change in }f
Sensitivity measures how much the output changes relative to the input. For f(x)=x3f(x) = x^3, the exponent 3 amplifies percentage changes roughly threefold, which can be derived from the derivative: f(x)/f(x)3Δx/xf'(x)/f(x) \approx 3 \Delta x/x.

About Sensitivity (Meta)

The degree to which a result or output changes in response to small changes in its inputs, parameters, or assumptions.

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