A farmer looks at the latest Almanac and finds that there is a 15% chance for a long hot summer and a 10% chance for a wet summer. A nice average summer will provide the farmer with a profit
of $100,000 on his harvest. He knows that a hot summer will dry up his crops and his harvest will
only be $3.000. He also knows that a wet summer will rot his crops and his harvest will only be
$5.000. Find the expected value of the farmer's harvest?

Which formula finds the probability that a point on the grid below will be in the blue area? p(blue) = total number of squares number of blue squares number of blue squares p(blue) = total number of squares number of blue squares p(blue) = number of white squares

An office supply company conducted a survey before marketing a new paper shredder designed for home use. in the survey, 80 % of the people who tried the shredder were satisfied with it. because of this high satisfaction rate, the company decided to market the new shredder. assume that 80 % of all people are satisfied with this shredder. during a certain month, 100 customers bought this shredder. find the probability that of these 100 customers, the number who are satisfied is 69 or fewer.

Questions 9-10. use the table of educational expenditures to answer the questions. k-12 education expenditures population indiana $9.97 billion 6.6 million illinois $28.54 billion 12.9 million kentucky $6.58 billion 4.4 million michigan $16.85 billion 9.9 million ohio $20.23 billion 11.6million 9. if the amount of k-12 education expenses in indiana were proportional to those in ohio, what would have been the expected value of k-12 expenditures in indiana? (give the answer in billions rounded to the nearest hundredth) 10. use the value of k-12 education expenditures in michigan as a proportion of the population in michigan to estimate what the value of k-12 education expenses would be in illinois. a) find the expected value of k-12 expenditures in illinois if illinois were proportional to michigan. (give the answer in billions rounded to the nearest hundredth) b) how does this compare to the actual value for k-12 expenditures in illinois? (lower, higher, same? )