Problems
$p_{i+1} = p_i + r(1 - p_i)p_i - hp_i$.
(1)
Problem 1 [3 points]: This model contains three terms: $p_i$, $r(1 - p_i)p_i$, and $hp_i$. Briefly
(one sentence each) describe what each of these terms represents in the context of the real-
world system we're trying to model.
Problem 2 [3 points]: Find all equilibrium points of the model. Be sure to show your
work.
Problem 3 [14 points]: Analytically determine conditions under which each equilibrium
is stable. These conditions should be written in terms of bounds on the parameter $r$. Be
sure to show your work.