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mining and food products manufacturing livestock crops households other livestock 0.178 0.018 0.411 0.005 crops 0.143 0.018 0.088 0.001 food products 0.089 0.035 0.06 0.003 = A mining/manufacturing 0.001 0.01 0.012 0.063 0.007 0.014 households 0.141 0.252 0.088 0.089 0.402 0.124 other 0.188 0.156 0.103 0.255 0.008 0.474 livestock 1980 crops 650 food products 1750 = D mining/manufacturing 1000 households 2500 other 3750

mining and food products manufacturing livestock crops households other livestock 0.178 0.018 0.411 0.005 crops 0.143 0.018 0.088 0.001 food products 0.089 0.035 0.06 0.003 = A mining/manufacturing 0.001 0.01 0.012 0.063 0.007 0.014 households 0.141 0.252 0.088 0.089 0.402 0.124 other 0.188 0.156 0.103 0.255 0.008 0.474 livestock 1980 crops 650 food products 1750 = D mining/manufacturing 1000 households 2500 other 3750

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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mining and livestock crops food products manufacturing households other livestock 0.178 0.018 0.411 0.005 crops 0.143 0.018 0.088 0.001 food products 0.089 0.035 0.06 0.003 = A mining/manufacturing 0.001 0.01 0.012 0.063 0.007 0.014 households 0.141 0.252 0.088 0.089 0.402 0.124 other 0.188 0.156 0.103 0.255 0,008 0.474 livestock 1980 crops 650 food products 1750 mining/manufacturing 1000 households 2500 other 3750 1. In words, explain what the value in row 1, column 2 of matrix A, represents. 2. In words, explain what the value in row 2, column 3 of matrix A, represents. 3. Calculate and state the production matrix. Show the formula you are using, but you do not need to include your calculations. Round to the hundredths. 4. Interpret the value in row 1 of the production matrix.
Transcribed Image Text:mining and livestock crops food products manufacturing households other livestock 0.178 0.018 0.411 0.005 crops 0.143 0.018 0.088 0.001 food products 0.089 0.035 0.06 0.003 = A mining/manufacturing 0.001 0.01 0.012 0.063 0.007 0.014 households 0.141 0.252 0.088 0.089 0.402 0.124 other 0.188 0.156 0.103 0.255 0,008 0.474 livestock 1980 crops 650 food products 1750 mining/manufacturing 1000 households 2500 other 3750 1. In words, explain what the value in row 1, column 2 of matrix A, represents. 2. In words, explain what the value in row 2, column 3 of matrix A, represents. 3. Calculate and state the production matrix. Show the formula you are using, but you do not need to include your calculations. Round to the hundredths. 4. Interpret the value in row 1 of the production matrix.
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