Caption: Estimating the size scale of disk emission source from the time variation of its signal. There are some glitches in figure and it seem a bit too complex.
Features:
A distant observer will observe NOT an instantaneous brightening, but a rising brightening over a time period Δt = d/c, where d is the distance along the line-of-sight between near and far ends of the disk.
Since one measures Δt, calculates d = c*Δt.
If one knew (and usually one does NOT know) the inclination θ of the disk (i.e., the angle between the rotation axis and the line-of-sight, one can calculate the diameter D of the disk from D = d/sin(θ).
If θ = 90°, then D = d. If θ = 0°, then D = ∞---which is an extreme, impossible limit.
In consequence, the calculated d based on a characteristic variation time for the light signal from a disk will only be a characteristic size scale.
This means the disk diameter will be maybe d to with an order of magnitude or so.
Thus, the size of the Cygnus X-1 is d = c * Δt = 3*10**5 km/s * 0.01 s = 3000 km .
A sophisticated analysis shows that the accretion disk diameter is actually ∼ 30,000 km or 10 times as large as our crude estimate.