Certain type of feed grain

Reference no: EM13973716

The yield, in bushels per acre, of a certain type of feed grain in the midwest can be represented as the out come of the random variable Y defined by

y = 3x/ox,/s eu, f( p, q} = 2pe-pq Ii.s,11(p)I10,001(q).

a. Define the regression curve of q on p.

b. Graph the regression curve that you have defined in (a).

c. What is the expected value of the quantity of gaso line sold, given that price is equal to $.75 per gallon?

d. What is the expected value of total dollar sales of gasoline on a given day?

Reference no: EM13973716

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