Interactive · 6 questions
Sensitivity in the Real World
A derivative most essentially measures the "sensitivity" of one quantity to a small change in another quantity. Here are a few examples:
How sensitive is a student's expected exam score to a small change in the amount of time the student spends studying?
How sensitive is the amount of gas purchased at a certain gas station to a small change in the price of gas at that station?
How sensitive is the location of a sprinter to a small change in the time elapsed since the beginning of the race? (You should realize that this basically asks for the velocity of the sprinter, which is why velocity is a derivative.)
These examples help show why derivatives are important; they factor into the student's decision of whether to keep studying and the gas station's decision of whether to raise or lower its price. As the third example shows, derivatives allow us to more precisely say what velocity really is.
Notice that to talk about the sensitivity of one quantity to a small change in another quantity, the first quantity must be a function of the second, that is, the first quantity must depend in a predictable way on the second.
For example, consider the first example above. If we're going to talk about the sensitivity, we need to be able to write the student's expected exam score (say, ) as a function of the amount of time (say, ) he/she spends studying. For any value of , we should be able to plug it into the function and get a value of . That is, there should be a function so that .
You might notice that the student's expected exam score actually depends on more factors than just the amount of time he/she spends studying--for example, how much sleep the student gets. Does this prevent us from asking about the sensitivity of the student's expected exam score to a small change in the amount of time the student spends studying?
Here's another question, related to our second example above:
Which factors would we have to hold constant in order to study the sensitivity of the amount of gas purchased at a certain gas station to a small change in the price of gas at that station?
The point is this: to talk about sensitivity, we need a function, and in real-world applications, this often requires holding some quantities constant.
Sensitivity of Functions
Since sensitivity has to do with functions, let's think about some simple functions and their graphs. We are now moving away from real-world applications and moving toward abstract mathematical equations; we do this because the abstract equations are simpler to think about. However, keep the real-world applications in mind as we go!
Let's think about the function, . Here's its graph:
We'll be talking about the sensitivity of to a small change in . Here's something we immediately notice:
The sensitivity can vary depending on where we start; in other words, the sensitivity can be different at different points of the function.
For now, let's start at .
From , if we increase by a small amount, what happens to ?
From , if we decrease by a small amount, what happens to ?
Are the answers to the previous two questions related? How?
In the questions above, we saw that the effects on of a small positive and negative change in are opposite. If you look at other points of this function, it seems like this is almost always the case for this function:
(The graph is reproduced below; see for yourself!)
If a small increase in results in a sharp decrease in , then a small decrease in results in a sharp increase in . (e.g., )
If a small increase in results in a sharp increase in , then a small decrease in results in a sharp decrease in . (e.g., )
Rather than talking about the sensitivity to each side of a point, it's more convenient to combine the two sides into one. To do this, we capitalize on the pattern that the effects of a small positive and negative change are often opposites:
At , we say that the sensitivity of is positive, by which we mean that a small increase in results in an increase in , and a small decrease in results in a decrease in .
At , we say that the sensitivity of is negative, by which we mean that a small increase in results in a decrease in , and a small decrease in results in an increase in .
We'd like to express the sensitivity as a number--this will allow to say not only whether increases or decreases as a result of a change in , but how sharply increases or decreases.
As you may already realize, we can do this with the concept of slope!
This is tricky, since slope is only defined for lines, but here's how we can think of it: At any point of the function, zoom in until the function looks like a line. Take the slope of that line, and use that number to represent the sensitivity of the function at that point.
Let's finish with one more example. We'll continue working with the same function:
What's the sensitivity of at the marked point?
This point is called a local maximum, and we'll be able to calculate its coordinates later down the road.
If you've worked through the questions above, you now understand the concept of sensitivity. However, there are clear difficulties with the informal way we've been talking about sensitivity. For example, how would we actually calculate it?
Therefore, our next step is to define a derivative, which mathematically captures the concept of sensitivity and allows us to use it. As we take that next step, remember what a derivative really is: a quantity measuring the sensitivity of one quantity to a small change in another quantity.
The idea of "sensitivity" as intuition for the derivative is due to Deane Yang; see here.











