Point estimate is Select one: a. A statistical that estimates a population parameter b. A range of possible values for a population parameter. c. Always equal to the number or samples d. Equal to the population mean

a. A statistical that estimates a population parameter

Step-by-step explanation:

A point estimate is a mathematical or statistics term that describes that is used as a means of revealing an estimated value of some parameter. It utilizes a single value, which can sometimes be the statistic mean to carry out the process of point estimation.

Hence, in this case, the correct answer is Option A: A statistical that estimates a population parameter

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.

the above table 1 will calculate the population size (n) after a certain length of time (t). all you need to do is plug in the initial population number (no), the growth rate (r) and the length of time (t). the constant (e) is already entered into the equation. it stands for the base of the natural logarithms (approximately 2.71828). growth rate (r) and time (t) must be expressed in the same unit of time, such as years, days, hours or minutes. for humans, population growth rate is based on one year. if a population of people grew from 1000 to 1040 in one year, then the percent increase or annual growth rate is 40/1000 x 100 = 4 percent.

step-by-step explanation: