Gene G. answered 11/24/16
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Retired Electrical Engineer Helping People Understand Math
I had to look up logistic growth on wikipedia.
Here's the equation:
f(x) = L / [1+e-k(x-x0)]
Where L = 100,000, the maximum limit.
x0=1995 is the x value at the middle of the growth range (50,000).
k is a constant that sets the steepness of the curve.
f(x) = 100000 / {1+exp[-k(x-1995)]}
f(1995) = 100000 / {1+exp[-k(1995-1995)]} = 50000
100000 / 50000 = 1+exp[-k(0)]
2 = 1+1 = 2
This result just verifies that we've interpreted the equation correctly. f(1995) = 50000 is indeed the middle of the growth curve.
Now we can use the f(2000) point to find k.
f(2000) = 100000 / {1+exp[-k(2000-1995)]} = 60000
100000 / 60000 = 1+exp[-k(5)]
100000 / 60000 = 1+exp[-k(5)]
1.6666-1 = exp(-5k)
0.6666 = exp(-5k)
ln(0.6666) = -5k
-0.405 = -5k
0.081 = k
f(x) = 100000 / {1+exp[-(0.081)(x-1995)]}
f(2005) = 100000 / {1+exp[-(0.081)(2005-1995)]}
f(2005) = 100000 / {1+exp[-(0.081)(10)]}
f(2005) = 100000 / {1+exp(-0.810)
f(2005) = 100000 / (1+0.444)
f(2005) = 100000 / 1.444 = 69231
f(2005) ≈ 69,200