1. A farmer estimates her hens will produce 3,000 dozen more eggs this year than last year.
She estimates the probability of her net profit or
loss on each dozen eggs based on her costs.
SEE EXAMPLE 1
Egg production last year: 12,000 dozen
Estimated Net Profit per Dozen Eggs
Net profit 8 6 4 2 °
8 6 4 2 0
(¢ per doz)
Probability 0.1 0.4 0.2 0.1 0.1 0.1

What is her expected profit per dozen eggs?

What is her expected profit on the total egg
production?

This assignment is past the original due date o this data is from a sample. calculate the mean, standard deviation, and variance 16.7 11.1 46.7 14.8 13.3 16.6 18.5 47.3 42,8 show the following answers to 2 decimal places. sample mean- sample standard deviation ( use the standard deviation above for your calculation.) sample variance ooops- now you discover that the data was actually from a population! so now you must give the population standard deviation.