subject
Mathematics, 10.03.2020 06:41 Ashlynnocean6305

In a backyard vineyard in Napa Valley with 10 grape vines in a row, if the weather works well (just right), rain in the Spring and dry through summer, the yield for each vine is distributed roughly binomial with N=800, p=0.5. In a drought the yield is Binomial with N=800 and P=0.48, while if the year is too wet, the yield of useful grapes per vine is N=600, P=0.2. Under climate change the probability of just the right year is about 0.2 of a too wet year is 0.1, and a dry year is 0.7. On a just right year the wine can sell for 100 dollars/bottle, on a dry year the quality drops so it will sell for 60 dollars a bottle, on wet year it will sell for 30 dollars a bottle (For a Z score with absolute value >5 assume the probability is 0) The yield for all 10 vines was more than 3900 grapes. Given this yield:

a. What is the probability that you will be able to sell for 100 dollars a bottle?
b. What is the probability that you will be selling for 60 dollars a bottle?
c. What is the probability that you can only sell for 30 dollars a bottle?
d. What is your expected revenue per bottle?

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:00, jamiecoolgal8697
Question: what is the value of x 4x-2= (-7) +5x. it would be greatly appreciated if someone could actually explain to me step by step
Answers: 2
image
Mathematics, 21.06.2019 18:00, phillipsk5480
Express in the simplest form: (x^2+9x+14/x^2-49) / (3x+6/x^2+x-56)
Answers: 3
image
Mathematics, 21.06.2019 21:30, chels4278
A(1,1) b(-3,0) c(-4,-1) d(3,-2) drag it to correct position
Answers: 2
image
Mathematics, 22.06.2019 01:00, ariqueen
Write as a product of two polynomials. 2(3–b)+5(b–3)^2
Answers: 1
You know the right answer?
In a backyard vineyard in Napa Valley with 10 grape vines in a row, if the weather works well (just...

Questions in other subjects: