1- The level of income depends on famer work and it variedaccording to the rate of rainfall, the following table showing twoalternatives of the agricultural work, determine the level of the riskfrom each alternative by:a- using the expected value method,b- using the standard deviationc- using Coefficient of variation method, and for each one showwhich alternative will you choose?Table: Farmer income at different level of rainfall and withdifferent probabilitiesStateIncome (JD/Year)(Rainfallrate)Alternative AAlternative BProb. Income Prob.IncomeHigh0.2300000.250000Moderate0.5250000.525000Low0.3200000.3

Given that: For Alternative A: Let X1=30000, then P(X1) = 0.20; Let X2=25000, then P(X2) = 0.50; Let…

Answered: 1- The level of income depends on famer…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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