tutor
A PHP Error was encountered
Severity: Warning
Message: Undefined array key "userid"
Filename: views/question.php
Line Number: 212
Backtrace:
File: /home/statpmkj/public_html/application/views/question.php
Line: 212
Function: _error_handler
File: /home/statpmkj/public_html/application/controllers/Questions.php
Line: 416
Function: view
File: /home/statpmkj/public_html/index.php
Line: 315
Function: require_once
A farmer has 120lbs of apples and 50lbs of potatoes for sale. The market price for apples (per pound) each day is a random variable with a mean of 0.8 dollars and a standard deviation of 0.3dollars. Similarly, for a pound of potatoes, the mean price is 0.3 dollars and the standard deviation is 0.1 dollars. It also costs him 3 dollars to bring all the apples and potatoes to the market. The market is busy with shoppers, so assume that he'll be able to sell all of each type of produce at that day's price. Complete parts a) through d). Make sure to consider all necessary assumptions before calculating.