What do you mean by 'r' and 'K' in Verhulst - Pearl logistic growth curve equation `dN//dt=rN((K-N)//K)`?

Explanation

To understand the terms 'r' and 'K' in the Verhulst-Pearl logistic growth curve equation \( \frac{dN}{dt} = rN\left(\frac{K-N}{K}\right) \), let's break down the components of the equation step by step.

### Step 1: Understanding the Equation
The equation represents the logistic growth model, which describes how populations grow in an environment with limited resources.

### Step 2: Identifying 'r'
In the equation, 'r' represents the **biotic potential** of the population. This is a measure of the maximum reproductive capacity of an organism under optimal environmental conditions. Essentially, it indicates how many offspring an individual can produce in a given time period.

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