Biologists want to know how many fish are in a certain lake. On January 1, they removed 730 fish from the lake and tagged them. On February 1, they returned to the lake and collected a random sample of 380 fish, of which 40 had been previously tagged. How many fish does the lake have, based on this experiment?
Sooooo this question is screwing with my low IQ points and if I think about it any more, I'll have no IQ points. Do you still need help? XD
If the fish pop on T = Jan 1 is N, and they tagged 730, so we say probability of being tagged is \(P(T) = \frac{730}{N}\) Regardless of the fish pop, N', on T' = Feb 1, we can say that prob of being tagged then is \(P(T') = \frac{40}{380}\), coz that is what the experiment revealed. But we can also say that \(P(T') = \frac{730}{N'}\), based on certain assumptions, such as none of the originally-tagged fish having died. It follows from this "logic" that: \( P(T') = \frac{40}{380} = \frac{730}{N'} \implies N' = 6935\)
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