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)