What a limit says
A limit describes the value a function approaches as its input gets close to a point, even when the function is not defined at that point. We write . Numerically you evaluate at points closer and closer to , from both sides, and watch whether the values settle on one number.
A function is continuous at when the limit exists and equals . There are three ways to fail: a hole (the limit exists but is missing or different), a jump (the left and right limits differ) and a blow-up (no finite limit). An overnight gap in a price chart looks like a jump: the closing price on one side and the opening price on the other do not meet.
- Limit: the value settles on as approaches .
- One-sided limit: the same, approaching only from the left () or the right ().
- Continuous at : the limit exists and equals .
- Removable hole: the limit exists but the function is undefined or different at the point.
Continuous compounding is a limit: equals 2 at , 2.5937 at , 2.7048 at and 2.7169 at , approaching .
Lab · what's graded
- A limit with a hole15 pts
- Compounding by numbers15 pts
- A famous limit10 pts
- Close to the limit15 pts
- Kinds of discontinuity15 pts
- Continuous at zero10 pts
- A step that is too small20 pts