In theory, yes. But in practice there are likely to be far too many variables to do the calculations in a meaningful way.
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Water Displacement Method?
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There is no correct way nor wrong way. Any method which consistently gives you the correct answer and with which you are comfortable is the correct way for you.I was aged over 60 when I learned a new way to factorise quadratics: a way which is easier than what I was taught at school all those years ago. My old method was not wrong, but I refer the new one. So for me, that is not the correct method.
Calculating APR can be done either manually or via an online APR calculator. The type of APR you are trying to calculate will determine the method which is used.
by using the capture-recapture method which gives you the total size of organisms in a population.