You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflation rate is 5%. Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you may gain high (8 lac BDT), medium (3 lac BDT) or low (1 lac BDT) with respective probability 0.3, 0.4 and 0.3 for the next 5 years. Option B: Lease the garden. The lessee pays 3.5 lac BDT at the beginning of each year for the next 5 years. There is risk of plant mortality due to hyper production. Loss may be high: 9 lac BDT (probability 0.1) or low: 1 lac BDT. This loss is realized at the end of 5th year only.

You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflation rate is 5%. Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you may gain high (8 lac BDT), medium (3 lac BDT) or low (1 lac BDT) with respective probability 0.3, 0.4 and 0.3 for the next 5 years. Option B: Lease the garden. The lessee pays 3.5 lac BDT at the beginning of each year for the next 5 years. There is risk of plant mortality due to hyper production. Loss may be high: 9 lac BDT (probability 0.1) or low: 1 lac BDT. This loss is realized at the end of 5th year only.

Name: You own a fruit garden. Choose one of the followings by showing clear
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Description: You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflationrate is 5%.Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you maygain high (8 lac BDT), medium (3 lac BDT) or low (

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflation
rate is 5%.
Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you may
gain high (8 lac BDT), medium (3 lac BDT) or low (1 lac BDT) with respective probability 0.3,
0.4 and 0.3 for the next 5 years.
Option B: Lease the garden. The lessee pays 3.5 lac BDT at the beginning of each year for
the next 5 years. There is risk of plant mortality due to hyper production. Loss may be high:
9 lac BDT (probability 0.1) or low: 1 lac BDT. This loss is realized at the end of 5th year only.

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JHS Math 7 B Updated 2023 - IX Welcome × C Microsoft Edge A ✩ 03.core.learn.edgenuity.com/player/ d2023 Antoine and Tess have a disagreement over how to compute a 15% gratuity on $46.00. 11 12 13 14 15 Tess says, "It is easy to find 10% of 46 by moving the decimal point one place to the left to get $4.60. Do that twice. Then add the two amounts to get $4.60+ $4.60 = $9.20 for the 15% gratuity." How should Antoine respond to Tess's method? ○ "Tess, the best way to find 15% of $46.00 is to multiply 15 "Tess, the best way to find 15% of $46.00 is to multiply 15 by $46.00 to get $3.07, which is the 15% gratuity." 1 O "Tess, you found 20% of the number because you added 10% and 10%. You need to add 10% to 2 of 10%. Add $4.60 and $2.30 to get $6.90, which is the 15% gratuity." O "Tess, the best way to find 15% of $46.00 is to multiply 0.015 and 46.00 to get $0.69, which is the 15% gratuity." O "Tess, you should use a table with 5% segments to find the gratuity. Each 5% segment has a value of…