STEP-BY-STEP ANSWER:
Step 1: Recognize that radioactive decay is a random process that follows first-order kinetics, where the rate of decay is directly proportional to the number of undecayed nuclei.
Step 2: Understand the mathematical expression: N(t) = N₀ * e^(-λt), where N(t) is the remaining number of nuclei, N₀ is the initial number, λ is the decay constant, and t is time.
Step 3: The half-life (t_1/2) is related to the decay constant by the formula t_1/2 = ln(2)/λ.
Final Answer: In first-order kinetics, the rate of radioactive decay is proportional to the remaining amount of substance, allowing prediction of decay behavior over time using exponential decay equations.