ECON 301 Midterm: ECON 300 IA State Test3Key
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Put a square around your second choice if you want. And, that the highest yield during that time was 58 bu/a while the lowest yield was 34 bu/a. , which results in a range of 24 bu/a. The calculated yield variance was 72. 5 and calculated standard deviation was 8. 5. You estimate that the coefficient of variation for net income from producing winter wheat is 0. 79, while the coefficient of variation for net income from producing sunflower is 1. 18. Your first analysis shows that the total annual cash inflows are less than the total annual cash outflow, so there is a projected annual cash deficit. Please provide two examples for each source of risk and uncertainty: production and technological risk (2 pts. ) You estimate that this new planter will allow you to plant the crop in less time (plant more acres per day with fewer break downs) and increase average crop yields.
