Math Problem Statement
in 2009, 2012, 2015, the number (in millions) of smart phones 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 smart phones sold in millions. Determine M, A, and k for a logistical model, S(t) = M/1+Ae^-kt , that fits the given data points. Approximate A and k to three decimal places and M to one decimal place.
Solution
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Math Problem Analysis
Mathematical Concepts
Logistic Growth
Exponential Decay
Nonlinear Equations
Formulas
S(t) = M / (1 + A * e^-kt)
Exponential decay: y = A * e^(-kt)
Theorems
Logistic growth model
Suitable Grade Level
College or Advanced High School