The Probability That a Radish Seed Will Germinate Is 0

question 6

Multiple Choice

The probability that a radish seed will germinate is 0.7. A gardener plants seeds in batches of 14. Find the mean for the number of seeds germinating in each batch.

• A) 12.6
• B) 9.94
• C) 4.2
• D) 9.8

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Definitions:

Cost of Production

Refers to the total expenses incurred in the manufacture of goods or services, including raw materials, labor, and overhead costs.

Buyers' Utility

The satisfaction or benefit that consumers receive from purchasing and consuming goods and services.

Firm's Revenues

The total amount of money received by a company from its business activities, before any expenses are subtracted.

MU-to-P Ratio

The ratio of marginal utility (MU) to price (P), used in consumer choice theory to determine the optimal consumption bundle.