Trout Population A pond currently has 2000 trout in it.A fish hatchery decides to add an additional 20 trouteach month. It is also known that the trout population isgrowing at a rate of 3% per month. The size of the populationafter n months is given by the recursively defined sequencep0 = 2000 pn = 1.03pn-1 + 20How many trout are in the pond after 2 months? That is,what is p2 ?

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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.