As a 4-H Project, Billy Is Raising Chickens $\begin{array}{llllll}57528 & 78305 & 63508 & 29418\\ 90676&31993 & 54636&17877\\31574 &28042 & 72621& 84818 \end{array}$

question 90

Essay

As a 4-H project, Billy is raising chickens. He feeds and waters them every day, and collects the eggs every other day, selling them to people in the neighborhood. He has found that each hen's nest will contain from 0 to 2 eggs. Based on past experience he estimates that there will be no eggs in 10% of the nests, one egg in 30% of the nests, and 2 eggs in the other
60%. Conduct a simulation to estimate how many nests Bill will have to visit to collect a dozen eggs.
-Show three trials by clearly labeling the random number table given below. Specify the outcome for each trial.

$\begin{array}{llllll}57528 & 78305 & 63508 & 29418\\ 90676&31993 & 54636&17877\\31574 &28042 & 72621& 84818 \end{array}$

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Definitions:

Deemed Worthless

A term referring to assets that have become valueless and are recognized as a loss for tax purposes.

Long-Term Loss

A loss realized from the sale of an asset held for more than one year, which can offset long-term capital gains.

Short-Term Loss

A financial loss realized on the sale of an asset held for one year or less, used to offset capital gains and reduce taxable income.

Single Category Average

A measure that represents the average value within a specific, singular category of data.