Suppose You Are Constructing a Life Table for a Population

question 57

Multiple Choice

Suppose you are constructing a life table for a population of a small perennial plant. Currently, there are 650 plants that are in age class 0, 347 in age class 1, 123 in age class 2, and 55 in age class 3. Based on previous work, the expected survival rates of plants are S₀ = 0.4, S₁ = 0.6, and S₂ = 0.8.
-Assuming that the expected survival rates remain the same, about how many plants that are expected to be in age class 2 in 24 months?

• A) 83
• B) 156
• C) 208
• D) 260

---

Definitions:

Bank Statement

A record provided by a bank that summarizes all transactions in an account for a specific period of time, showing all deposits, withdrawals, and current balance.

Debit Memorandum

A debit memorandum is a document issued by a buyer to a seller, indicating a return of goods or a request for a price reduction, essentially serving as a formal request to reduce the amount owed.

Cash Receipts

The inflow of cash into a business, often tracked and recorded as part of the financial accounting process.

Adjusting Entries

Accounting records created at the close of an accounting period to assign revenues and expenses to the period they truly belong to.