You are reading a page from The Mathematical Theory of Investment, Ernest Brown Skinner, (1913)
Part of the American Term Life Insurance History Project
Term Life Insurance

                   LIMITS AND SERIES             23
 8. Power series.  In most of the series studied so far the terms
were constant. The most important series, however, are those
in which the terms contain some variable, and of these the
most important are the so-called power series. A power series
is a series of the form
                  
"a + V + ^ + Vs +"'>
i.e. a series whose  terms  are  positive integral powers of a vari-
able, each multiplied by a constant, and in which the terms are
arranged according to ascending powers of the variable. The
tests obtained for series with constant terms apply to power
series also, but it is important to notice that in general the char-
acter of the series depends upon the value that is given to the
variable. Indeed, the problem in the case of power series usually
takes the form, to find those values of the variable for which the
series will be convergent.  For example, we know that the series
                     
l-\-x+s?+x^+
is convergent for all values of x satisfying the condition
               
-l<a;<+l, or, briefly, |a-|<l.
We have not ascertained its character when x == 1 or x = — 1, but
for all values of x which are less than — 1, or greater than +1,
the series is divergent.
  
One great value of power series lies in the fact that they fur-
nish an easy means of computing the numerical values corre-
sponding to special values of the variable for many functions
where such computation would otherwise be extremely difficult
or even impossible. For example, the cosine of x may be defined
by the series             „        ,
                    
1   x  ,    x
             cos.-=l-^+^-3-4----,
where the unit of measure for x is the radian which is the equiv-
alent of 57°.2957795+.  Suppose it is required to find the
cosine of one radian. By definition,

cos (!)=!- i-^+T-o-

'1. 2 '1.2.3.4