The carrying capacity:
"y_{max}=14250" when "x\\to\\infin"
The initial population:
"y_0=475" when "x=0"
75% of its carrying capacity: "0.75\\cdot14250=10687.5"
"10687.5=\\frac{14250}{1+29e^{-0.62x}}"
"x=-ln((\\frac{14250}{10687.5}-1)\/29)\/0.62=7.2" days
Why a model like , where is the initial population, would not be plausible?
Because in this case number of days=0, that is, the process has not started yet.
The virtues of the logistic model: simplicity, flexibility.
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