The U.S. Department of Agriculture estimates that the yearly yield of limes per acre is distributed as follows: Yield, bushels per acre Probability 450 0.1 400 0.18 480 0.5 500 0.22 The estimated average price per bushel is $16.80. Use the following random

The U.S. Department of Agriculture estimates that the yearly yield of limes per acre is distributed as follows: Yield, bushels per acre Probability 450 0.1 400 0.18 480 0.5 500 0.22 The estimated average price per bushel is $16.80. Use the following random

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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Question

The U.S. Department of Agriculture estimates that the yearly yield of limes per acre is distributed as follows:

Yield, bushels per acre	Probability
450	0.1
400	0.18
480	0.5
500	0.22

The estimated average price per bushel is $16.80.

Use the following random numbers to simulation yield crop for 10 year: 0.37, 0.23, 0.92, 0.01, 0.69, 0.50, 0.72, 0.12, 0.46, 0.81. If the simulation begins with the second random number, the simulated value for the yield of the crop would be:

Group of answer choices

480

500

400

450

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Step 1: Use the following random numbers to simulation yield crop for 10 year: 0.37, 0.23, 0.92, 0.01, 0.69,

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