Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 9 - Review - Review Exercises - Page 672: 33

Answer

$f(x)=\displaystyle \frac{900}{1+8(1.5)^{-x}}$

Work Step by Step

Logistic model: $f(x)=\displaystyle \frac{N}{1+Ab^{-x}}$, where $N$ = limiting value. While x is relatively small, $f$ behaves exponentially, $f(x)\displaystyle \approx(\frac{N}{1+A})b^{x}.$ We are given $\left\{\begin{array}{l} N=900,\\ b=100\%+50\%=1.50,\\ f(0)=100 \end{array}\right.$ We plug this in to obtain: $f(0)=100\quad\Rightarrow\left\{\begin{array}{ll} 100 & =\dfrac{900}{1+Ab^{0}}\\ 1+A & =\dfrac{900}{100}\\ A & =9-1=8 \end{array}\right.$ Thus we have: $f(x)=\displaystyle \frac{900}{1+8(1.5)^{-x}}$
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