Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7) In a back yard vineyard in Napa valley with 10 grape vines in a row, if the weather works well (just right), rain in

image text in transcribed
7) In a back yard 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=.71.In a drought the yield is Binomial with N=800 and P=.6, while if the year is too wet, the yield of useful grapes per vine is N=700, P=.8. Under climate change the probability of a just right year is about .2, of a too wet yearis .1, and a dry yearis.7. On a just right year the wine can sell for 200 dollars/bottle, on a dry year the quality drops so it will sell for 100 dollars a bottle, on wet year it will sell for 25 dollars a bottle. (The yield for all 10 vines was more than 5600 grapes. (use the normal approximation to the binomial) Given this yield: What is the probability that you will be able to sell for 200 dollars a bottle? (50 points) (Show statcrunch or statkey where work requires it, like estimating probabilities for normal distribution or binomial distribution)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra

Authors: Jim Hefferon

1st Edition

978-0982406212, 0982406215

More Books

Students also viewed these Mathematics questions

Question

Explain the role of technology in future supply chains

Answered: 1 week ago

Question

Reforms movement amoung the muslims called the........ movement ?

Answered: 1 week ago

Question

India has a federal system of government with a strong........?

Answered: 1 week ago

Question

Famous theory poverty and un british rule in India?

Answered: 1 week ago

Question

The Unicef was awarded the Nobel peace prize in the year........?

Answered: 1 week ago