Math Problem Statement
in 2009, 2012, 2015 the number (in millions) of smartphones sold in the world was 167.4, 675.1, and 1418.9 respectively. Let t represent time in years since 2009, and let S represent the number of smartphones sold in millions. determine M, A, and k for a logistic model, S(t) = M/1+Ae^-kt that fits the given data points. Approximate A and k to three decmila places and M to one place.
Solution
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Math Problem Analysis
Mathematical Concepts
Logistic Growth
Model Fitting
Algebra
Formulas
S(t) = M / (1 + A e^-kt)
Solving for A and k using initial conditions and data points
Theorems
Logistic Growth Model
Suitable Grade Level
Undergraduate level (Calculus and Mathematical Modeling)
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