Quantitative Methods - Pilot Farm Project
Not what you're looking for?
See the attached file.
Pilot Farm Project
Probability Weather Peas Corn Tobacco Beets
0.3 Dry 20 15 30 40
0.5 Moderate 35 20 25 40
0.2 Damp 40 30 25 40
Net Income $1.00 $1.50 $1.00 $0.50
per bushel
a. Create a treeplan for the project
b. What is the expected outcome?
c. If the weather is expected to be 10% dryer than usual estimate the payoff?
Prob 2 Pro
Number sold 2 3 4 5 6
Number of days 4 7 8 5 1
Create a probability distribution for the number of items sold
What is the standard deviation of the distribution?
Purchase this Solution
Solution Summary
This solution provides a qualitative methods problem in the context of a farm. It is solved in an attached Excel file and includes regression analysis information.
Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.