In this lesson on logistic functions, students learn about the algebraic form for a logistic model and its corresponding parameters. The lesson covers the two forms of the logistic model, finite or discrete and continuous, and the three parameters of the model: L, A, and B/K. Students will understand the meaning of L, the limiting value of the model, and how to find A through the initial value and limiting value. The video also explains how B/K are associated with the rate, and how to solve for them. The lesson then finishes with various examples of logistic functions and how to find the parameters given different information.
Be familiar with and recognize the algebraic form for a logistic model, including the corresponding parameters and if those parameters have any meaning in the context of the functional relationship (e.g. does a parameter control the initial value, rate of change (shape), decreasing or increasing (flip), max/min, limiting values, etc.).
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