Capture/Re-capture Goali 1. Illustrate that how to estimate the population size when the cost of counting all individuals is prohibitive 2. Illustrate how intuitive statistics could be. statistics need not be completely deep, murky and mysterious. Our common sense can help us to negotiate our way through the course Ka-fu Wong C2007 ECON1003: Analysis of Economic Data Lesson 1-3Ka-fu Wong © 2007 ECON1003: Analysis of Economic Data Lesson1-3 Capture/Re-capture Goal: 1. Illustrate that how to estimate the population size when the cost of counting all individuals is prohibitive. 2. Illustrate how intuitive statistics could be. Statistics need not be completely deep, murky, and mysterious. Our common sense can help us to negotiate our way through the course