a. Professors M. Boehlje and V. Eidman in their book Farm Management described a way that in budgeting,probabilities can be used to calculate expected values for uncertain variables such as crop yields and pricesfor output. A farmer at the beginning of the year is going to use the calculation of probabilities fordetermining an expected value for the yield of a crop of Maize. The expected value of a project E(O) whoseoutcomes were uncertain would be calculated as: n E(Oj) = P(qi) Oij l = 1 where: n E(Oj) is the sum of thesubjective or personal probabilities, P(ai) for l = 1 each event-action combination Oij occurring. For the bestseason of 1 year out of 10, a farmer believes the yield of maize could be 6 tonnes per hectare. For a goodseason, the yield could be 5.5 tonnes per hectare for 3 years out of 10. For the most likely season, the yieldcould be 5 tonnes per hectare in 4 years out of 10. For a poor season, the yield could be 1 tonne perhectare in 1 year out of 10. For the very worst season, the yield could be 0.5 tonnes per hectare in 1 yearout of 10. Calculate the expected yield for maize that would be used in the budget

Given data available for the maize yield for the estimation of current year yield: For the best…

Answered: a. Professors M. Boehlje and V. Ei…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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1. A beverage manufacturing company uses a pair of redundant pumps to transfer flavored syrups to the bottling line. Each pump has a À of 0.055 failures per year and ß of 0.05. What is the probability that both pumps will fail during a 45 day production run? a. 0.00004 b. 0.00034 c. 0.00038 d. 0.12
4.
ion 16.84. An urn contains 3 one-rupee coins, 5 fifty paise coins and 12 ten-paise coins. If a coin is drawn at random, find the expected value of the draw, assuming that all coins are equally likely.
4.1. Walton's production line produces a variable number of defective parts in an hour, with probabilities shown in this table: 1 3 4 Total P(X) 0.10 0.30 0.45 0.15 1 How many defective parts are expected to be produced in an hour on Walton's production line?
In the game of roulette, a player can place a $7 bet on the number 32 and have a 138 probability of winning. If the metal ball lands on 32, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245.Otherwise, the player is awarded nothing and the casino takes the player's $7. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
3.89 how do I solve for it?
Question 2: A. A table of joint probabilities is shown below. A1 A2 Аз B1 0.15 0.25 0.20 B2 0.10 0.15 0.15 Page 1 of 6 a. Calculate the marginal probabilities of event A b. Calculate the marginal probabilities of event B c. Calculate P(A1 | B1) d. Calculate P(B1 | A1) e. Calculate P(B1 | B2) f. Calculate P(A1 | A3) g. Calculate P(A1 U B1)
The principle of redundancy is used when system reliability is improved through redundant or backup components. Assume that a student's alarm clock has a 14.9% daily failure rate. Complete parts (a) through (d) below. a. What is the probability that the student's alarm clock will not work on the morning of an important final exam? (Round to three decimal places as needed.)
A1 Please only answer part (b)
6. For an insurance coverage, claim counts follow a binomial distribution with m = 4. q varies by insured with the following probabilities: 0.1 0.2 0.3 Probability 0.5 0.25 0.25 An insured submits 0 claims in the first year and 3 claims in the second year. Calculate the predictive probability of the same insured submitting 0 claims in the third year.
Example 4.2:- As shown in the table below that gives the age distribution of companies. Find the following probabilities: 1-Ages (30-39). 2-Age=45. 3-Age>50. 4-Age<40. individuals starting new 30 - 39 40- 49 50-59 60 - 69 Age Frequency 20 - 29 11 25 14 3
In the game of roulette, a player can place a $6 bet on the number 11 and have a ag probability of winning. If the metal ball lands on 11, the player gets to keep the $6 paid to play the game and the player is awarded an additional $210. Otherwise, the player is awarded nothing and the casino takes the player's $6. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose. The expected value is $ (Round to the nearest cent as needed.)

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a. Professors M. Boehlje and V. Ei probabilities can be used to calcu for output. A farmer at the beginr determining an expected value fo outcomes were uncertain would