SOLUTION: Solve the problem to the best of your ability show all work: Park Rangers caught, tagged and released 62 largemouth bass in a particular lake. after a few weeks the rangers caugh

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Question 883081: Solve the problem to the best of your ability show all work:
Park Rangers caught, tagged and released 62 largemouth bass in a particular lake. after a few weeks the rangers caught 40 largemouth bass in the lake and found that 16 of them had been tagged. Given this information which would be the best estimate of the population of largemouth bass in this lake.
Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
Proportion used for prediction of a value.

Let p = how many bass in the lake.
The 62 caught and tagged bass are assumed to mix uniformly with all p bass.

The ratio of later caught bass was 12%2F40 as units tagged%2FtaggedPlusNontagged. You expect the proportion highlight%2862%2Fp=12%2F40%29.
Solve for p.