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QUESTION 37 With the prospect of a wet winter and good soil moisture in the spring, you are trying to improve the gross margin for
QUESTION 37 With the prospect of a wet winter and good soil moisture in the spring, you are trying to improve the gross margin for a com enterprise by increasing the amount of fertilizer used. The probabilities for various growing conditions are favorable (5) normal ( 3), and unfavorable (2) The projected gross margins for the growing conditions and the two fertilizer amounts are shown in the table below. If you decide to go with the maximum expected value strategy, how much fertilizer will you apply? O Muis sheim 144 1101 13 130 5053 O a 90 lbs nitrogen 0.144 lbs nitrogen O' 117 lbs nitrogen Od cannot be determined
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