Suppose a new magazine initially sells 600 copies per month. Research indicates that a vigorous advertising campaign could increase sales by 40% each month if our market were unlimited. But research also indicates that magazine sales in our area are unlikely to exceed 2400 per month. Make a logistic model of projected magazine sales.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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Suppose a new magazine initially sells 600 copies per month. Research indicates that a vigorous advertising campaign could increase sales by 40% each month if our market were unlimited. But research also indicates that magazine sales in our area are unlikely to exceed 2400 per month. Make a logistic model of projected magazine sales.

a) = 600 / 1+3e^-0.336t

b) = 2400 / 1+3e^-0.336

c) = 40 / 1+3e^-0.336t

d) = 2400 / 1+40e^-0.336t

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