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Business, 22.04.2021 19:20 milkshakegrande101

A farmer wants to decide if he should plant corn or lima beans. No matter what he plants he will get either a good, average, or bad crop yield. For corn, a good yield will give him a profit of $7,000, average will profit $3,000 and, and a bad yield will give a profit of $1,000. For lima beans, the profit for good, average, and bad yields are as follows: $5,000, $3,500, and $2000. For either crop, the probability of good yield is 0.4, the probability of average yield is 0.5 and the probability of a bad yield is 0.1. What are the outcomes for lima beans

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A farmer wants to decide if he should plant corn or lima beans. No matter what he plants he will get...
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