Mathematics, 28.06.2020 04:01 hinacat87
1. A farmer estimates her hens will produce
3,000 dozen more eggs this year than last year.
She estimates the probability of her net profit or
loss on each dozen eggs based on her costs.
SEE EXAMPLE 1
Egg production last year: 12,000 dozen
Estimated Net Profit per Dozen Eggs
Net profit 8 6 4 2 °
8 6 4 2 0
(¢ per doz)
Probability 0.1 0.4 0.2 0.1 0.1 0.1
What is her expected profit per dozen eggs?
What is her expected profit on the total egg
production?
Answers: 2
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1. A farmer estimates her hens will produce
3,000 dozen more eggs this year than last year.
Sh...
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