physics, fincance, economics, actuary, statiticians.
sometimes they are used because they are nesecary to solve complicated math problems (the answer will have a log in it and that is the best answer you can get).
When you graph something people sometimes use the log of the graph so that it is smoother. This is because the change in the actual numbers might be very large while the change in the log of the numbers is very small. For instanct log (12) = 2.4 to log(600) = 6.4 is really not that much, but the difference from 12 to 600 is a lot. So if you have data points going all over the place sometimes when you take the log of the x's it will look much smoother. So instead of (x, f(x)) or (x,y) as your data points you will have (x, f(log(x))).
2006-11-16 07:56:15
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answer #1
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answered by xian gaon 2
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Finance. The Black-Scholes equations assume that stock returns are pulled from a lognormal distribution (which is the log of the famous bell shaped normal distribution). This work led to a Nobel Prize.
2006-11-16 08:12:57
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answer #2
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answered by Ranto 7
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I quote: "Logarithms can play a function everywhere you will locate exponentials. In my field of engineering, an exponent could make it perplexing to locate some correlations to events, yet a logarithm can linearize the equation to make it extra viable to remedy. additionally, graphically, log-log graphs could nicely be much less complicated to study and "see" the correlation between events. the place exponents exists in an equations, logarithms ought to be utilized in fixing for specific variables with regard to the exponents. as an occasion in biology, the improve of micro organism could nicely be degree with the equation y(new)=y(old)*e^xt, the place y(new) is the count form of micro organism, y(old) is the previous quantity of micro organism, x is a variable based on the micro organism stress, and t in the time of improve. so as to locate t, one might could use logarithms to remedy for t. even although old by way of fact of advances in desktops and calculators, logarithms are what make slide rules paintings. They allowed the linear addition (or subtraction) of logarithm which in turn is multiplication (and branch) of numbers. in case you hit upon an old slide rule, I advise you methods to apply it via getting a slide rule handbook at your nearby library. It delivers a solid thought of ways and why logarithms paintings." they're considered necessary. Google Logarithm purposes
2016-10-22 05:14:35
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answer #3
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answered by Anonymous
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Hi,
Mine, I work as an engineer, and when I take data, sometimes it makes sense to graph things on a logarithmic scale.
Hope that helps,
Matt
2006-11-16 07:51:48
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answer #4
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answered by Matt 3
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Financial advisors, brokers, mortgage bankers, computer programmers, physicists, chemists, pharmacists to name a few of the less obvious.
2006-11-16 07:52:33
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answer #5
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answered by davidosterberg1 6
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Anything in math & physucal sciences. I'm sure some in life sciences as well, but I really don't know those fields.
2006-11-16 07:52:21
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answer #6
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answered by yupchagee 7
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any field which uses complex mathematical calculations
2006-11-16 08:13:53
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answer #7
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answered by mane 5
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