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Farmers' market. A farmer has 100 lb of apples and 50 lb of potatoes for sale. The market price for apples (per pound) each day is a random variable with a mean of 0.5 dollars and a standard deviation of 0.2 dollars. Similarly, for a pound of potatoes, the mean price is 0.3 dollars and the standard deviation is 0.1 dollars. It also costs him 2 dollars to bring all the apples and potatoes to the market. The market is busy with eager shoppers, so we can assume that he'll be able to sell all of each type of produce at that day's price.
a) Define your random variables, and use them to express the farmer's net income.
b) Find the mean.
c) Find the standard deviation of the net income.
d) Do you need to make any assumptions in calculating the mean? How about the standard deviation?
Using the implementation of the IPAddresses class developed in this chapter, devise a method that displays the IP addresses stored in the class in ascending order. Use the method in a program.
Price of product in short-term and long-term also describe why you believe supply, demand, or equilibrium price will be different, if at all, in short-term and long-term.
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Show that the covariance matrix of a row-ordered vector obtained from an N x N array of a stationary random field is not fully Toeplitz. Hence, a row scanned two-dimensional stationary random field does not yield a one-dimensional stationary rando..
Problem 3. For the following set of points, calculate the value of 'r' and infer how are the points correlated. Use regression analysis definition or 'r' using covariance (x, y), var(x) and var(y).
Establishing a Performance Measurement Baseline
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