Provide an appropriate response.A company performed a marketing study and concluded that there is a potential of 100,000 customers for its product. At the beginning of the study there were 40,000 customers that used the product, and one year later there were 50,000 customers. Determine the number N of customers t years after the beginning of the study if N follows logistic growth.

Question

What will be an ideal response?

Answer 1

N =