A Fish Farmer Has 5000 Catfish in His Pond $$P _ { n }$$

question 2

Short Answer

A fish farmer has 5000 catfish in his pond. The number of catfish increases by 8% per month, and the farmer harvests 200 catfish per month. The catfish population $$P _ { n }$$ after n months is given recursively by $P _ { 0 } = 5000$ and $P _ { n } = 1.08 P _ { n - 1 } - 200$ . How many fish are in the pond after 5 months?

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Definitions:

Predicted Income

An estimate of future earnings based on variables such as education, experience, and other relevant factors, often derived using statistical models.

Outcome Variable

Another term for the dependent variable, which is the variable expected to change as a result of manipulations to the independent variable(s).

Correlated

A statistical term describing the extent to which two variables change together, indicating a relationship between them.

Unrelated

Not connected or associated in any specific way, especially referring to variables that do not show a statistical relationship.