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I need to make a proper analysis of this and give them a view of the preferred option. 50 points At the Faroes there are

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I need to make a proper analysis of this and give them a view of the preferred option. 50 points

At the Faroes there are only three climate conditions imaginable; Wet, Normal and Cold! This poses a major challenge for anyone involved in agricultural businesses. Given statistics on hand the probabilities for each condition is 40%,20% and 40%. Based on this anyone can doubt if normal really can be seen as normal... The traditional wheat used delivers a yield of 25% in wet conditions, 7% if normal and 7% if it is cold. However at SLU in Alnarp a new grain of genetically modified grain of wheat has been developed with potentially much better chances to deliver a good yield. For the genetically modified wheat the expected yield is 4% if wet, 10% if normal and 15% if cold. The question is of course if the genetically modified wheat is preferable. On the other hand one can imagine a combination of 40% traditional and 60% genetically modified wheat

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