The average (mean) weight of a strawberry has previously been calculated to be 28 grams. At this weight, I000 strawberries are purchased for $150. We also know the standard deviation of a strawberry weight is 8 grams. The local distributor will pay the $150 per 1000 strawberries for premium fruit (between 18 and 35 grams). The remainder of the strawberries will be sold to a jam factory at $45 per one thousand strawberries. I) How many strawberries from Forever Fields can be sold as premium fruit? 2) Calculate the total income produced at Forever Fields. 3) Given that it costs $8,000 to build each roof, can you provide justification for building to go ahead?
The average (mean) weight of a strawberry has previously been calculated to be 28 grams. At this weight, I000 strawberries are purchased for $150. We also know the standard deviation of a strawberry weight is 8 grams. The local distributor will pay the $150 per 1000 strawberries for premium fruit (between 18 and 35 grams). The remainder of the strawberries will be sold to a jam factory at $45 per one thousand strawberries. I) How many strawberries from Forever Fields can be sold as premium fruit? 2) Calculate the total income produced at Forever Fields. 3) Given that it costs $8,000 to build each roof, can you provide justification for building to go ahead?
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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Transcribed Image Text:FINANCIAL ANALYSIS
The average (mean) weight of a strawberry has previously been calculated to be 28
grams.
At this weight, I000 strawberries are purchased for $150. We also know the standard deviation of a strawberry weight is 8,
grams.
The local distributor will pay the $150 per 1000 strawberries for premium fruit (between 18 and 35 grams).
The remainder of the strawberries will be sold to a jam factory at $45 per one thousand strawberries.
I)
How many strawberries from Forever Fields can be sold as premium fruit?
2)
Calculate the total income produced at Forever Fields.
3)
Given that it costs $8,000 to build each roof, can you provide justification for building to go ahead?
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