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๐Ÿ“ˆcollege algebra review

key term - Logistic growth model

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Definition

The logistic growth model is a mathematical function used to describe how a population grows rapidly at first and then levels off as it approaches a maximum sustainable size, known as the carrying capacity. It is often represented by the formula $P(t) = \frac{K}{1 + \left(\frac{K - P_0}{P_0}\right)e^{-rt}}$, where $P(t)$ is the population at time $t$, $K$ is the carrying capacity, $P_0$ is the initial population size, and $r$ is the growth rate.

5 Must Know Facts For Your Next Test

  1. The logistic growth model accounts for limited resources by incorporating a carrying capacity ($K$), which limits exponential growth.
  2. The formula for logistic growth is $P(t) = \frac{K}{1 + \left(\frac{K - P_0}{P_0}\right)e^{-rt}}$.
  3. As time approaches infinity, the population size approaches the carrying capacity, making the ratio $\frac{dP}{dt}$ approach zero.
  4. In its early stages, logistic growth resembles exponential growth when resources are relatively abundant.
  5. Logistic growth models are widely used in biology, ecology, and environmental science to predict population dynamics.

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