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19. On a particular farm, profit depends on rainfall. The rainfall is normally distrib- uted with a mean of 31 cm and a standard deviation
19. On a particular farm, profit depends on rainfall. The rainfall is normally distrib-
uted with a mean of 31 cm and a standard deviation of 9 cm. Farm profits are:
a)
$100,000 if rainfall is over 44 cm,
b)
$150,000 if rainfall is between 29 and 44 cm,
c)
$130,000 if rainfall is between 22 and 29 cm,
d)
$ 65,000 if rainfall is between 15 and 22 cm, and
e)
-$ 80,000 if rainfall is less than 15 cm
Find the expected farm profit.
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