1- The level of income depends on famer work and it varied according to the rate of rainfall, the following table showing two alternatives of the agricultural work, determine the level of the risk from each alternative by: a- using the expected value method, b- using the standard deviation c- using Coefficient of variation method, and for each one show which alternative will you choose? Table: Farmer income at different level of rainfall and with different probabilities State Income (JD/Year) (Rainfall rate) Alternative A Alternative B Prob. Income Prob. Income High 0.2 30000 0.2 50000 Moderate 0.5 25000 0.5 25000 Low 0.3 20000 0.3
1- The level of income depends on famer work and it varied according to the rate of rainfall, the following table showing two alternatives of the agricultural work, determine the level of the risk from each alternative by: a- using the expected value method, b- using the standard deviation c- using Coefficient of variation method, and for each one show which alternative will you choose? Table: Farmer income at different level of rainfall and with different probabilities State Income (JD/Year) (Rainfall rate) Alternative A Alternative B Prob. Income Prob. Income High 0.2 30000 0.2 50000 Moderate 0.5 25000 0.5 25000 Low 0.3 20000 0.3
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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