Question

Nikola thinks that the model that reflects the growth of smartphones shipped from manufacturers to stores around the world may be logistic rather than exponential. Do you agree with Nikola

Answer 1

Answer:

When most people have a smartphone, that is, the variable starts getting closer to its capacity, the demand will start to have a slight decrease, until it stabilizes, so yes, Nikola is correct.

Step-by-step explanation:

Exponential model:

The variable keeps growing consistently, at a fixed rate.

Logistic model:

The variable starts growing, but as it approaches a limit, for example, the carry capacity of an environment, the growth rate starts to decrease, until the variable stabilizes at a fixed value.

Growth of smartphones shipped from manufacturers to stores around the world.

When most people have a smartphone, that is, the variable starts getting closer to its capacity, the demand will start to have a slight decrease, until it stabilizes, so yes, Nikola is correct.