Suppose that the weather forecast indicates a 10% chance that cold weather will reduce the citrus grower’s profit from $100,000 to $85,000 and a 10% chance that cold weather will reduce the profit to $75,000. Should the grower spend $5000 to protect the citrus fruit against the possible bad weather?

Answers

Answer 1

Answer:

We can think in this situation as:

There is 10% (or a probability equal to 0.1) where the citrus grower's profit will be reduced by $15,000

There is 10% (or a probability equal to 0.1) where the citrus grower's profit will be reduced by $25,000

And in the remaining 80% (or a probability equal to 0.8), the profit does not change.

Then the expected value for the total profit can be written as:

EV = $100,000 + ( 0.1*(-$15,000) + 0.1*(-$25,000) + 0.8*$0)

     =  $96,000

In the case where the citrus grower spends $5000 to protect the fruits against possible bad weather, there is a 100% that is profit will not change, but he must pay $5,000

Then his profit will be:

P = $100,000 - $5,000 = $95,000

So in this case, the profit is $1000 less than the expected profit in the prior case. So the scenario where he does not buy the protection has a larger expected profit, which may mean that is better to not buy it (in a straight mathematical point of view)

One also could think that  the values are really close together, so buying the protection does not mean a big change, and increases the security


Related Questions

The Martin family and the Kelly family each used their sprinklers last summer. The water output rate for the Martin family's sprinkler was 30L per hour. The water output rate for the Kelly family's sprinkler was 35L per hour. The families used their sprinklers for a combined total of 60 hours resulting in a total water output of 1925L. How long was each sprinkler used?​

Answers

Answer:

The Martins used their sprinkler for 35 hours, while the Kellys used their sprinkler for 25 hours.

Step-by-step explanation:

As the Martins and the Kellys used their sprinklers for 60 hours combined last summer, and the water output rate of the Martins' sprinkler is 30 liters per hour, while the Kelly's is 35 liters per hour To determine how many hours each family used their sprinklers, knowing that in total 1925 liters of water were used, the following logical reasoning must be carried out:

There is a 5 liter difference between the Kelly sprinkler and the Martin sprinkler. If both used 30 liters of water per hour, for 60 hours 1800 liters (30 x 60) would have been used. Therefore, there is an excess of 125 liters that corresponds to an excess of consumption, attributable to the Kelly sprinkler, which consumes 5 liters more of water per hour than the Martin's. Thus, since 125/5 equals 25, in total the Kellys used their sprinkler for 25 hours, while the Martins did it for 35 hours.

This reasoning is proved with the following calculation:

25 x 35 = 875

35 x 30 = 1,050

875 + 1,050 = 1,925

Please answer this correctly without making mistakes

Answers

Dale should use the $15 dollars off coupon to save the most money which costs 47.00.

25% off of 47.00 is 45.49.

$15 off of 47.00 is 32.00.

The $15 off coupon makes the DVD player cost less, so he should use that one.

What’s the answer for this?

Answers

Answer: That is the answers.

Step-by-step explanation:

32.5 divided by 67.9

Answers

Answer:

0.47864506627

Step-by-step explanation:

SRRY IK LAST QUESTION FOR REAL THIS TIME

Answers

Answer:

Option (A)

Step-by-step explanation:

Volume of a cylinder is given by the formula,

V = πr²h

Here r = radius of the cylinder

h = height of the cylinder

Therefore, volume of a cylinder given in the question,

V = π([tex]\frac{18}{2}[/tex])²(8)

  = 648π

  = 2035.8 km²

Volume of the given cylinder is 2035.8 km².

Option (A) will be the answer.

A recipe for punch uses 2 cups of grape
juice and 3 cups of orange juice. How many
cups of orange juice are needed if 6 cups of
grape juice are used?

A 7 cups

B 9 cups

C 15 cups

D 30 cups

Answers

Answer:

B 9 cups

Step-by-step explanation:

Grape juice to orange juice ratio is 2:3, for every 2 cups of grape juice 3 cups of orange juice are used.

6/2=3

3 x 3 =9

for every 6 cups of grape juice, 9 cups of orange juice are used

Check for answer by seeing if the ratio matches up.

6:9 simplified is 2:3.

Answer is correct.

Answer: B


Explanation: we can set the formula to 2/3 then find what to multiply the 2 to get 6 which would be three then we multiply three with three and get nine have a nice day (:

Como puedo calcular tasa de crecimiento?

Answers

Answer:

Si quiere decir en un gráfico, busque cuántas unidades se eleva la coordenada y, a continuación, se ejecuta (izquierda o derecha).

Si algo no suena lo siento mi español es malo. ;--;


What is the ABSOLUTE maximum value of this graph?

Answers

Answer:

the absolute maximum is 3 because it's the highest point on the graph

Step-by-step explanation:

x – 4 = -9 + x
How do I do this

Answers

Answer: No Solution

Step-by-step explanation: There isn't an option to get x by itself, leaving you with no Solution.

Heres where it fails:

x - 4 = -9 + x

Get X by Itself

x - 4 = -9 + x

-x                -x

-4 = -9

And last time I checked, -4 doesn't equal -9

For what values of the variable x, is the fraction x-3/5 equal to: 1

Answers

x would have to equal 8

HEEELLLLP GRADES ARE DUE In 4 HOURS



0.13(x + 2000 ) = 6,240
What is x?

Answers

Answer:

4240 is what x is eq to

Step-by-step explanation:

HELP ME HELP ME HELP ME HELP HELP MEEEE

Answers

Answer:

Infinatly many solutions

Step-by-step explanation:

mark me brainlyest

Answer:

i would say a or b but probably b

Step-by-step explanation:

Fatima paid for 5 pallets of grass to be delivered each pallet of grass cost 129.95. Fatima paid $76.20 for delivery. What is the total amount Fatima paid?

Answers

129.95 x 5 = 649.75

649.75 + 76.20 = 725.96

Select the correct answer.
The graph below represents the following system of inequalities.
y> - 2
y > 21 + 2




Which point (x,y) satisfies the given system of inequalities?
OA (-1,-6)
OB. (1,-6)
OC. (-3,-1)

Answers

The answer is C: (-3,-1)

To test if points satisfy an equation, all you need to do is test the numbers in both of the equations it provides you

Here is proof the answer is C :

y > x - 2

(lets plug in point C)

-1 > -3 - 2

solve

-1 > -5 ?

Yes this statement is true- onto the next inequalitity!

y > 2x + 2

-1 > 2(-3) + 2

solve

-1 > -6 + 2

-1 > -4 ?

Yes, this inequality is true too!

Know we know answer c (-3,-1) is the right answer!

The point (x,y) satisfies the given system of inequalities is C. (-3,-1).

What is a solution set to an inequality or an equation?

If the equation or inequality contains variable terms, then there might be some values of those variables for which that equation or inequality might be true. Such values are called solution to that equation or inequality.

Given that The graph below represents the following system of inequalities.

y> - 2

y > 21 + 2

So, y > x - 2

Lets plug in point C;

-1 > -3 - 2

solve;

-1 > -5 ?

Yes this statement is true- onto the next inequalitity.

y > 2x + 2

-1 > 2(-3) + 2

solve;

-1 > -6 + 2

-1 > -4 ?

Yes, this inequality is true too!

Therefore, the point (x,y) satisfies the given system of inequalities is C. (-3,-1).

Learn more about inequalities here:

https://brainly.com/question/27425770

#SPJ6

Solve for x for the triangle

Answers

Answer:

(appx) 4.3

Step-by-step explanation:

[tex] \sin(64) = \frac{x}{10} [/tex]

[tex] = > 0.43 = \frac{x}{10} [/tex]

[tex] = > x = 4.3[/tex]

3(1)+2(_)=6

plz help on filling in the blank

Answers

Answer:

x = 3/2

Step-by-step explanation:

Let's solve your equation step-by-step.

(3)(1)+2x=6

Step 1: Simplify both sides of the equation.

(3)(1)+2x=6

3+2x=6

2x+3=6

Step 2: Subtract 3 from both sides.

2x+3−3=6−3

2x=3

Step 3: Divide both sides by 2.

2x/2  3/2

x = 3/2

Hope this helps :)

please help it’s urgent!!

Answers

Answer:

I believe the answer is A

Step-by-step explanation:

Since when translating down it moves the Y variable and not the X and when reflecting it will turn negative X (-3) into positive 3

From 10 am to 4 pm the temperature changed -36 degrees. If the temperature changed equally for the last 6 hours, How much did it change each hour?

Answers

Answer:

-6 degrees per hour

Step-by-step explanation:

divide -36 by 6(the number of hours) and get -6

Answer:

6 degrees

Step-by-step explanation:

it changed 6 degrees every hour

What are the slopes of the graphs

Answers

Answer:

1. 1/3

2. -2

3. 0

4. -2

5. 2/3

6. 0

Step-by-step explanation:

I'm going left to right for each graph just for clarification so you don't get confused.

I hope this helps and if it did I would appreciate it if you marked me Brainliest. thank you and have a nice day!

Perform the indicated operation and simplify the result. Leave your answer in factored form.
[tex]\frac{\frac{5x}{x^{2} -4} }{\frac{8x}{x+2} }[/tex]

Answers

Answer:

[tex]\frac{x}{y} \frac{5x}{\frac{x^{2} -4}{\frac{8x}{x+2} } }\\\\=\frac{5x(x+2)}{8x(x^{2} -4)}\\\\=\frac{5(x+2)}{8(x+2)(x-2)}\\\\=\frac{5}{8(x-2)}\\\\=\frac{5}{8}.\frac{1}{x-2}[/tex]

Step-by-step explanation:

Step-by-step explanation:

[tex] \frac{ \frac{5x}{ {x}^{2} - 4 } }{ \frac{8x}{x + 2} } = \frac{5x}{ {x}^{2} - 4 } \times \frac{x + 2}{8x} = \frac{5x + 10}{ {8x}^{2} - 32} \\ [/tex]

hope it helps:)

Y= |x| + 2

Complete the table below

Answers

Answer:

5

3

2

3

5

Step-by-step explanation:

is the relationship in this picture a function
if so why?​

Answers

Answer:

PLEASE BE CAREFUL NightmareMech14 IS A PREDATOR HE ASKS FOR VIDEOS OF GIRLS AND TRYS TO GET THEM TO EMAIL HIM DONT GIVE HIM ANY INFORMATION STAY SAFE COPY AND PASTE THIS EVERYWHERE

Step-by-step explanation:

What are the coordinates of the origin?
(1,1)
(0,0)
(-1,1)
(1,-1)

Answers

Answer:

(0,0)

Step-by-step explanation:

Answer:

0,0 because that’s were it starts at

Step-by-step explanation:

Can i get brainiest think

What is the range of the function?

Answers

Answer:

(0, 10)

Step-by-step explanation:

There is a dotted line at the end, therefore, it doesn't keep going so its (0, 10)

A test has 25 questions.
If peter gets 80% correct, how many questions did peter MISS!
(Whoever answers can you please give me a clear explanation?)

Answers

Answer:

Peter missed five questions.

Step-by-step explanation:

Since the test has twenty-five questions, and Peter got 80% correct...

80/100 = __/25 <--What number is the numerator?

Well, to get from 100 to 25, you have to divide by 4. 100/4 = 25.

Now, what is 80/4? If you do the math, you should get 20.

25 (Total Questions) - 20 (Questions Correctly Answered) = 5 (Questions Incorrectly Answered)

Order the numbers from greatest to least value.
1.444.
29|13
0.875
47|45

Answers

Answer:

0.875, 47/45, 1.444, 29/13

Step-by-step explanation:

0.875 is the least then 47/45 is 1.0444 as a decimal then 1.444 then 29/13 is 2.23 as a decimal hope that helps

3. Yeirilis spent $24.45 on a shirt. She paid with
$30. What is her change?

Answers

Answer:

30.00 - 24.45

her change is

$ 5.55

Cecil weighs the same as the combined weight of Bruce and Alan. Use the expressions you found in parts A and B to write an expression
for Cecil's weight in terms of Dylan's weight.

Answers

I need to see the full problem

Answer: Cecil’s weight is the sum of Alan's weight and Bruce's weight.

Alan’s weight in terms of Dylan's weight is 2d + 3.

Bruce’s weight in terms of Dylan's weight in 3d − 12.

So, the expression for Cecil’s weight in terms of Dylan’s weight is (2d + 3) + (3d − 12).

1.
ENGINEERING At an engineering school, students are challenged to design
a container that prevents an egg from breaking when dropped from a height of
50 feet. Write an equation giving a container's heighth (in feet above the
ground after t seconds. How long does the container take to hit the ground?

Answers

Answer:

b

Step-by-step explanation:

b

i am having trouble solving this. -2 1/3 - (-5)=​

Answers

Answer:

8/3 or 2 2/3

Step-by-step explanation:

1. -2 1/3 -(-5)=

2. -2 1/3 + 5=

3. -7/3 + 5=

4. -7/3 + 15/3=

5. 8/3 = 2 2/3

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