Probability that a randomly selected tree was damaged

Assignment Help Business Economics
Reference no: EM132120759

A farm has two types of trees: 30% are orange trees (O) and 70% are apple trees (A). Frost (F) has damaged 40% of the orange trees (F|O)=0.4 and 10% of apple trees. What is the probability that a randomly selected tree was damaged by Frost?

Reference no: EM132120759

Questions Cloud

Describe the three types of franchising : Describe the three types of franchising and provide an example of each.
Visual and rhetorical means both honest and ethical : What visual and verbal strategies are used to convey the ad's message? Are the message and its visual and rhetorical means both honest and ethical?
How could the use of technology impact the administration : Wechsler Memory Scales and the Minnesota Multiphasic Personality Inventory test. In reference to the two types of assessments.
Measuring value and product testing processes : How does a company generate real innovation value? What is the relationship between measuring value and product testing processes?
Probability that a randomly selected tree was damaged : Frost (F) has damaged 40% of the orange trees (F|O)=0.4 and 10% of apple trees. What is the probability that a randomly selected tree was damaged by Frost?
What is the value of a? : What values do p^, q^, n, E, and p represent? If the confidence level is 99?%, what is the value of a??
Use social media to develop and improve new products : Discuss ways in which we can use social media to develop and improve new products.
Find the probability that when a couple has six ?children : Find the probability that when a couple has six ?children, at least one of them is a girl (Assume that boys and girls are equally? likely.)
Responsibility of implementing large-scale projects : Engineers are often entrusted with the responsibility of implementing large-scale projects involving millions of Ringgit.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd