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You have just inherited a very spacious chicken farm in Connecticut, which to start has five chickens and five eggs , and you wish to
You have just inherited a very spacious chicken farm in Connecticut, which to start has five chickens and five eggs, and you wish to run it to meet these goals:
MAXIMIZE PROFIT
IN SUSTAINABLY SELLING
(AT THE BEST TIME) your naturally-raised chickens,
because they supply THE BEST Buffalo wings! Your farm is located adjacent to a road, and sometimes chickens cross the road.Using Google Sheets to report, your challenges are to:
- (a) estimate how many chickens the farm will have ON HAND after sixty months, (b) estimate how many chickens the farm will have SOLD after those sixty months, AND (c) explain in the text box how you arrived at your TWO estimates.
- identify five important model elements that you included in making your estimates;
- identify the values (e.g., the values of constants) that you assigned to those five elements in making your estimates, and your reasons/support for choosing those values; and
- THINK AND WORK SUFFICIENTLY IN THIS ASSIGNMENT, AND AVOID A TOO-EASY ANSWER like: "zero, I sold or ate them all" or "zero, they were the victim of fowl play" or "zero, an asteroid hit my farm and ... sob ... they didn't have a chance" or "I'm limited by law to ten chickens."Your goals here must be: to apply your learning to date about feedback, sustainability and model boundaries, to perform appropriate topical research, and to LEARN AND STRETCH EVEN MORE!FORMAT all your responses well!
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