Step 1 :Given that the substance follows a continuous exponential growth model and its doubling time is 15 hours, we can use the formula for exponential growth, which is \(y = a \cdot b^{t}\), where \(a\) is the initial amount of the substance and \(b\) is the growth factor.
Step 2 :In this case, the initial amount \(a\) is \(32.3 \mathrm{mg}\) and the growth factor \(b\) can be calculated as \(2^{1/15}\), because the substance doubles every 15 hours.
Step 3 :So, the formula relating \(y\) to \(t\) is \(y = 32.3 \cdot 2^{t/15}\).
Step 4 :\(\boxed{y = 32.3 \cdot 2^{\frac{t}{15}}}\) is the final answer.