A university wants to establish a fund to support meal plans for students. The fund will be used to distribute $10k in yearly fellowships, and will operate by an investment-fund model: after an initial donation, the only income will be the interest on the amount of money in the fund. The school decided to model the amount of money in the fund at a given time t, A(t), by a differential equation dA = 0.02A – s, dt where s = $10k/year is the scholarship amount they want to distribute per year and 0.02 is the estimated interest rate. 1. Find all solutions to the differential equation.

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.