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A logistic differential equation is an ordinary differential equation whose solution is a logistic function. Logistic functions model bounded growth - standard exponential functions fail to take into account constraints that prevent indefinite growth, and logistic functions correct this error. Application 2 : Exponential Decay - Radioactive Material Let M(t) be the amount of a product that decreases with time t and the rate of decrease is proportional to the вЂ¦

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